MeridianLink Expands Business Lending Capabilities
January 25 2023 - 9:05AM
Business Wire
MeridianLink Business empowers financial
institutions to offer fast, reliable business lending to their
communities
MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern
software platforms for financial institutions and consumer
reporting agencies, today announced the availability of
MeridianLink® Business. Originally launched as Atlas Platform® by
StreetShares®, which was acquired in 2022, MeridianLink Business is
a key component of the Company’s multi-product platform,
MeridianLink® One. The enhanced business lending offering brings
together the innovation of both the StreetShares and MeridianLink
teams to optimize financial institutions’ business lending
capabilities.
“From the start, we were impressed with StreetShares’
state-of-the-art business lending offerings, including business
loans and business lines of credit, and we are proud to offer these
solutions under the MeridianLink name,” said Devesh Khare, chief
product officer at MeridianLink. “We are excited to share
MeridianLink Business—the business lending component of our
multi-product platform, MeridianLink One—with our customers and
their communities.”
MeridianLink Business enables banks and credit unions to
optimize the end-to-end business lending process, digitally engage
borrowers, and leverage advanced technology for smart decisioning.
Built by experienced business bankers, the platform enables
community lenders to use data-driven technology to deliver a
superior digital banking experience to their business customers. It
also specifically addresses the key challenges in business risk
assessment and decisioning to meet the financing needs of
businesses efficiently.
An end-to-end applicant-to-core system, MeridianLink Business is
rapidly enabled, allowing organizations to get up and running in a
fully digital business lending environment in 90 days or less. Key
product features include:
- Powerful automation for smart decisioning
- Digital document collection for easy document access and
review
- Fully digital, mobile-enabled application and business owner
hub
- Decisioning tools, including cash flow analysis and proprietary
risk rating tools
- Electronic loan offer and acceptance with online closing and
document exchange
- Advanced analytics on loan portfolio
For more information, visit
https://www.meridianlink.com/products-business.
ABOUT MERIDIANLINK
MeridianLink® (NYSE: MLNK) powers digital lending and account
opening for financial institutions and provides data verification
solutions for consumer reporting agencies. MeridianLink’s scalable,
cloud-based platforms help customers build deeper relationships
with consumers through data-driven, personalized experiences across
the entire lending life cycle.
MeridianLink enables customers to accelerate revenue growth,
reduce risk, and exceed consumer expectations through seamless
digital experiences. Its partner marketplace supports hundreds of
integrations for tailored innovation. For more than 20 years,
MeridianLink has prioritized the democratization of lending for
consumers, businesses, and communities.
Learn more at www.meridianlink.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230125005153/en/
Becky Frost (714) 784-5839
becky.frost@meridianlink.com
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