LendingPoint Launches New SDKn Technology to Simplify Consumer Credit Approval

[LendingPoint is a data and technology platform that enables origination of unsecured personal loans for financial institutions and for its own balance sheet.]

With just a few lines of code, SDKn … integrates into existing payment platforms, giving consumers an instant credit decision for in-store and e-commerce purchases, without ever having to leave the website or payment processor. The SDKn™ One App, One Approval, Multiple Lenders™ feature can be configured to permit multiple lenders with diverse credit “appetites” to operate within a single user experience without revealing their underwriting criteria to others.

LendingPoint originated its first loan in 2015 with a focus on using traditional and alternative data to understand Americans… whose credit needs have been traditionally underserved and overlooked by large banking institutions. The platform has now originated more than $2 billion over the past four years while expanding to e-commerce and point of sale loan originations and serving all credit profiles. In 2019, LendingPoint received more than 7 million applications.

https://www.businesswire.com/news/home/20200716005081/en