Clear lending app releases with the lender before launch

For lending service providers, compare every changed loan screen, Key Fact Statement, rate, fee, consent and data permission with the lender's approved terms. Lending Partnerships can hold the release until the lender approves in writing and file the evidence for its periodic review.

Starts when

A planned app or web release that changes any screen, text, flow, permission or data collection in the borrower loan journey
The lender changes product terms, KFS template, APR method, penal charges, cooling-off period, processing fee or grievance contacts
A new lender is added to a multi-lender journey, a lender leaves it, or the offer-matching method changes
A lending app is added, renamed, changed or withdrawn

People in the process

LLending PartnershipsProcess Owner
PProductParticipating Team
LLegalParticipating Team
CComplianceParticipating Team

The process is a starting point. The standards are yours.

Configure for the entity’s actual role. Payment-aggregator, gateway and lending-partner obligations are distinct; the workflow must use the relevant permissions, partner contracts and reviewed requirements.

Keep the work connected.

Merchant Risk

Activate merchants only on a complete KYC file

For payment aggregators, bring the merchant's CKYCR record or due diligence, beneficial owners, settlement account, website and sanctions screening into one onboarding file. Merchant Risk can approve, condition or decline activation and keep unverified merchants off the escrow settlement list.

Merchant Risk

Verify merchant bank account changes before switching settlement

Tie each merchant change in ownership, business category, website or settlement account to the signed agreement, risk profile and fresh KYC and sanctions checks. Merchant Risk can re-rate the merchant and notify the acquiring bank before settlement moves, blocking account-change fraud.

Merchant Risk

Contain suspicious merchants and report them to FIU-IND

Compare a merchant's volumes, ticket sizes, refund and chargeback rates, payer patterns and linked merchants with the business it was approved for. Merchant Risk can decide holds, limits, suspension or termination on preserved evidence while Compliance files suspicious transaction reports on time.

FMC

Explore all Fintech & payments processes.

Order for the work. Room for the people.