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Factual Data Announces Credit Integration With Altimetrik Digital Lending Platform

Factual Data, a leading provider of credit and verification services to the lending industry, announced a credit integration with Altimetrik’s new lending platform. Altimetrik launched its Digital Lending Platform in late 2020 to help mid-tier and small banks embrace digitalization and compete in the digital space.

“The integration will be a boon to both companies as they bring needed automation to their client bases.”

Many of Altimetrik’s clients were previously using manual processes that presented roadblocks to efficiently manage the commercial lending process. Altimetrik’s Digital Lending Platform allows banks to compete against fast-growing larger lenders and FinTechs while maintaining the trust customers inherently have in traditional banking entities, the company says. The configurable platform provides engaging user experience, advanced automation and AI.

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Factual Data President Jay Giesen said, “The integration will be a boon to both companies as they bring needed automation to their client bases.”

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“This integration expands our customers’ reach into the growing digital banking sector while providing Altimetrik’s clients more efficiency, speed, and accuracy in tapping the credit reports and data verification services they need,” said Factual Data President Jay Giesen.

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Altimetrik CEO Raj Sundaresan said, “The arrangement adds another key component to the company’s new lending platform that will empower our clients to accelerate their growth.”

“Our promise to our clients includes the peace of mind that comes with accessing industry trusted credit reporting data, and the ability to upload that information instantaneously,” he said. “We are excited to team up with Factual Data in fulfilling our commitment to making the lending process as seamless as possible.”

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