WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Tuesday, September 19, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email

DigiFi Announces Launch of Next-Generation Digital Loan Origination System
Wednesday, September 13, 2017

Empowers Financial Institutions to Digitally Deliver Every Consumer Lending Product Through One Cloud-Based Platform

NEW YORK, Sept. 13, 2017 /PRNewswire/ -- DigiFi, an enterprise financial technology company, announced today the launch of its cloud-based digital loan origination system ("LOS") for banks, credit unions and consumer finance companies. DigiFi's next-generation LOS enables the automated online delivery of multiple consumer lending products through a single platform, driving better customer experiences and lower operating costs.

The future of consumer lending is moving online as consumer preferences rapidly shift toward digital interactions, however financial institutions face challenges in transitioning to digital lending. "Bank innovation within lending has been slow, largely because the traditional loan origination systems that banks rely on were built for in-person lending and focus on manual workflow management," said Joshua Jersey, CEO of DigiFi. "In contrast, DigiFi's next-generation system was built for the digital age, with a fully-automated online process and a comprehensive suite of digital capabilities."

DigiFi's proprietary technology was built over three years to digitize the consumer lending process, offering consumers immediate feedback and funding from any device at any time. The platform supports multiple products including Personal Loans, Credit Cards, Personal Line of Credit, and Student Loan Refinancing, and DigiFi is adding additional products, including Home Equity, Auto and Mortgages.

The company's digital LOS utilizes a sophisticated service-oriented architecture, whereby multiple products share underlying capabilities to ensure a consistent customer experience and operational simplicity. These capabilities include a mobile-optimized application, rules-based underwriting engine, instant applicant verification, electronic document creation, automated customer communications and a comprehensive operations portal.

The platform is highly configurable, empowering banks, credit unions and consumer finance companies to utilize their own risk models, documents and procedures. "We have placed a strong emphasis on configurability, so that each bank can leverage its unique business rules and existing underwriting strategies," said Brad Vanderstarren, President. The built-in configurability and cloud-based nature of the platform enables customers to launch their own digital lending solution in as little as 30 days.

About DigiFi
DigiFi provides next-generation loan origination systems to banks, credit unions and consumer finance companies. DigiFi's cloud-based platform enables the automated online delivery of multiple consumer lending products through a single platform, driving better customer experiences and lower operating costs. DigiFi was founded in 2014 and is based in New York, NY. Learn more at

View original content:

SOURCE DigiFi, Inc.

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav Insurance Agency Software Market 2017 Vertafore, Applied Systems, EZLynx, ACS, ITC are Major Players | Sep 19, 2017
Nav Kopis Awarded BI360 New Partner of the Year Honor | Sep 19, 2017
Nav Magic Add Partners With UPM Raflatac to Grow the Global Reach of Internet of Packaging (IoP) | Sep 19, 2017
Nav Uniregistry Market Announces Record Sales In Its Secondary Market | Sep 19, 2017
Nav HomeASAP Named a 2017 BizTech Award Winner for Technological Innovation | Sep 19, 2017
Nav Grow Light Market Size Worth $8.64 Billion by 2025 | CAGR: 14.1%: Grand View Research, Inc. | Sep 19, 2017
Nav RevJet Launches Orora, the First Operating System and App Ecosystem to Power Every Marketing Creative Use Case | Sep 19, 2017
Nav Veritiv to Feature Wide and Grand Format Media, Equipment, and Product Solutions at 2017 SGIA Expo | Sep 19, 2017
Nav KMWorld Names Connotate a Trend-Setting Product for 2017 | Sep 19, 2017
Nav New Web-Based Resource Launched to Help Prevent Drug-Impaired Driving | Sep 19, 2017

Submit News | View More News View More News