Rapid Finance's Trifecta for Modern Lending

Rapid Finance announces the launch of its enhanced cloud-based rules engine on Lynx, its AI fraud detection platform.

This update allows enterprise customers to customize risk management rules, improving informed lending decisions based on specific business needs.

Lynx provides lenders with a comprehensive view of small business owners by utilizing data and insights for faster, more accurate decisions, reducing origination risk, and enhancing portfolio ROI.

The rules engine's new features include:

Integration: Incorporates seamlessly with Lynx's features, including data enhancements and verifications for informed rule creation.

Outcome Definition: Allows precise control over lending decisions by letting users set specific outcomes for each rule.

Real-Time Capability: Instantaneously facilitates swift decisions by comparing incoming data against established rules.

Transparency: Offers clear decision logic for audits and regulatory compliance, promoting trust and accountability.

Custom Indicators: Enables creating tailored alerts and indicators for comprehensive application reviews.

Our Opinion:

Rapid Finance's adoption of a cloud-based rules engine in lending processes can fundamentally change how borrowers are evaluated for creditworthiness. The platform's flexibility, transparency, and real-time capabilities make it an attractive option for lenders seeking to improve their risk management practices and better serve the needs of small business owners.

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