Inovatec systems, a provider of cloud-based software solutions for lenders, has partnered with Jericho Information Technology, a provider of advanced data analytics solutions, to offer lenders “Inovatec Data Insights Powered by Jericho Analytics”. The new offering will allow lenders to leverage real-time analytics powered by artificial intelligence to improve portfolio performance, mitigate risk and maintain compliance. These analytical capabilities are accessible via APIs integrated into Inovatec’s LOS and LMS platforms.
Founded in 2007, Jericho Information Technology develops AI-centric analytics solutions for financial services organizations. The Dallas-based company’s diverse analytics capabilities are offered to consumer lenders across North America, including banks, credit unions and finance companies.
“Lenders have embraced the intelligent use of real-time data analytics as a highly effective resource to improve all aspects of lending, from applicant validation and decision-making to reporting and compliance” , said Bob Metodiev, business development manager at Inovatec. “Our partnership with Jericho Information Technology allows us to bring these compelling benefits directly to our customers. We anticipate that our lenders will rely heavily on the new “Inovatec Data Insights Powered by Jericho Analytics” feature. This will bring greater efficiency and profitability directly into their organizations and help them thrive in a highly competitive market.
Inovatec’s cloud-based LOS, LMS, and Consumer Direct technology enables lenders to streamline loan processing, decision-making, and management through intelligent automation that can be configured to meet lenders’ needs. The company’s solutions aim to give lenders the power to easily modify workflows and utilize advanced features such as analytics and alternative data.
“Inovatec has consistently demonstrated outstanding vision and creativity in bringing valuable solutions to the lending market,” said Dave McCune, president of Jericho Information Technology. “We are excited to combine our efforts with Inovatec and help bring our suite of highly effective analytical capabilities to Inovatec customers across the United States and Canada.”
