Latest news with #Algebrik
Yahoo
11-08-2025
- Automotive
- Yahoo
Algebrik AI and Open Lending Partner to Expand Intelligent Auto Loan Decisioning for Credit Unions
NEW YORK, Aug. 11, 2025 /PRNewswire/ -- Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City and pioneering the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced an integration with Open Lending Corporation, an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions. This collaboration aims to strengthen auto loan decisioning capabilities within Algebrik's cloud-native, AI-powered LOS—part of the Algebrik One lending suite—enabling credit unions and community lenders to confidently extend credit to near- and non-prime borrowers while minimizing risk and streamlining workflows. Enabling Risk-Aware Auto Lending at Scale Open Lending's Lenders Protection™ platform empowers financial institutions to safely approve near- and non-prime auto loans by combining real-time risk modeling, pricing optimization, and insurance-backed loan protection. Through this partnership, Algebrik's Loan Origination System, part of Algebrik One, Algebrik's agentic AI-powered lending suite, now offers built-in access to the Lenders Protection™ platform, allowing credit unions to: Evaluate near- and non-prime applicants using Open Lending's advanced decisioning engine Receive real-time decisions (approved, counteroffer, or denied), including APR, terms, stipulations, and certificate numbers Automatically surface stipulations tied to counter-offers (e.g., vehicle details, income verification) within the lending workflow of Algebrik's Loan Origination System Leverage Open Lending's insured, risk-based decisioning directly within Algebrik's LOS- no external systems needed. Algebrik AI's LOS delivers this capability through a unified, AI-powered experience—supporting both loan officer and borrower-facing workflows. Lenders can seamlessly manage counteroffers, display dynamic payment terms, and track certificate numbers, all within a single, modern interface. Strategic Insight: Why This Partnership Matters Pankaj Jain, Founder and CEO of Algebrik AI, commented on the partnership: "We believe modern lending stacks must function as ecosystems—not toolkits. By partnering with Open Lending, we're deepening the intelligence of loan decisioning and giving lenders a seamless path to responsible loan growth. With Open Lending now embedded in Algebrik's LOS, lenders can reach underserved borrowers while maintaining the operational efficiency and compliance they demand." Josh Marcy, Chief Product Officer at Open Lending, added: "Algebrik brings a modern, purpose-built approach to lending infrastructure. The Algebrik integration leverages best practice automation capabilities and a dynamic user experience, offering fast and accurate automatic decisions that accelerate loan originations for our mutual customers. Their team has delivered a clean, intuitive experience that aligns with our vision for the future of inclusive, data-driven auto lending. " For more information on how Algebrik AI is transforming lending, visit For latest on cutting edge lending technology & AI, follow Algebrik AI on Linkedin at: Or chat with the Algebrik AI team at: letschat@ About Algebrik AI Algebrik AI, headquartered in New York City, is the company behind Algebrik One: the world's first cloud-native, AI-powered, digital-era Loan Origination Suite (LOS), designed for the next generation of members. In an industry that hasn't seen significant innovation in lending technology in over 25 years, it was high time someone stepped in to help credit unions of all sizes regain their former glory. Algebrik AI's mission is to empower credit unions to attract, engage, grow, and retain next-gen members while staying competitive in today's digital era. With Algebrik One, an end-to-end lending suite that includes Digital Account Opening, Lender's Cockpit (LOS), Omni-channel Point of Sale (PoS), AI Decision Engine, and Portfolio Analytics, we take on the heavy lifting; so credit unions can focus on helping the members and communities they serve. For more information, visit About Open Lending Open Lending provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States. For over 20 years we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit Media Contacts: Prateek Samantaray Chief Marketing Officer letschat@ View original content to download multimedia: SOURCE Algebrik
Yahoo
18-02-2025
- Business
- Yahoo
Algebrik AI and Corelation Announce Integration Agreement to Enhance Personalization, Drive Financial Inclusion & Improve Member Experience
NEW YORK, February 18, 2025--(BUSINESS WIRE)--Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world's 1st cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced an integration agreement with Corelation, a leading provider of core processing solutions for credit unions. This collaboration enables Algebrik's advanced LOS to seamlessly work with Corelation's KeyStone core system, offering credit unions additional capabilities to optimize their lending processes and enhance member engagement. Expanding Capabilities for Credit Unions Through this integration, credit unions can: Enhance Loan Origination Efficiency – Enable smoother workflows and expedited loan decisioning through seamless connectivity between Algebrik's LOS and Corelation's KeyStone core system. Leverage AI-Driven Insights – Use Algebrik's AI capabilities to derive real-time insights that support informed lending decisions and member interactions. Deliver Tailored Member Journeys – Offer personalized lending solutions designed to improve member satisfaction and engagement. Drive Financial Inclusion via Small $ Loans & Cash Flow Underwriting - Help credit unions reduce risk, grow their member base, and expand credit access to underserved members. Leadership Perspectives "We are excited to work with Corelation to expand the capabilities available to credit unions," said Pankaj Jain, Founder & CEO of Algebrik AI. "This integration allows credit unions to tap into the power of AI-driven LOS while continuing to leverage the strength and reliability of the KeyStone core system. Our goal is to support credit unions in delivering seamless, intelligent, and adaptive lending experiences." Strengthening Lending Operations This collaboration reinforces the commitment of both organizations to support credit unions with modern, data-driven lending solutions. By leveraging integration of Algebrik's AI-powered LOS with Corelation's KeyStone core system, credit unions can enhance operational efficiency, refine member experiences, and navigate evolving next-gen members' expectations with agility. For more information on how Algebrik AI is transforming lending, visit For latest on cutting edge lending technology & AI, follow Algebrik AI on Linkedin at: Or chat with the Algebrik AI team at: letschat@ About Corelation Based in San Diego, CA, Corelation has been driving innovation in core processing since 2009. Corelation's KeyStone core solution leverages state-of-the-art architecture to support financial institutions in delivering exceptional member experiences. KeyStone's open API framework ensures seamless connectivity with best-in-class fintech solutions, enabling credit unions to optimize operations and expand their service offerings. About Algebrik Algebrik AI, headquartered in New York City is the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), designed for the next generation of members. In an industry that hasn't seen significant innovation in lending technology in over 25 years, it was high time that someone stepped in to help credit unions of all sizes regain their former glory. Algebrik AI's mission is to empower credit unions to attract, engage, grow, and retain next-gen members while staying competitive in today's digital era. By transforming loan originations end-to-end, Algebrik AI takes on the heavy lifting, allowing credit unions to focus on helping the members & communities they serve. For more information, visit View source version on Contacts Media Contacts: Algebrik AIPankaj JainFounder & Sign in to access your portfolio
Yahoo
27-01-2025
- Automotive
- Yahoo
Algebrik AI Partners with Auto Exam to Seamlessly Deliver Auto Loan Protection Solutions
NEW YORK, January 27, 2025--(BUSINESS WIRE)--Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced a strategic partnership with Auto Exam, a leading provider of vehicle service contracts, GAP insurance, and collateral protection products. This collaboration aims to revolutionize auto lending by integrating comprehensive protection solutions directly into the loan origination process, enhancing value for both lenders and borrowers. Through this partnership, financial institutions can: Offer Comprehensive Vehicle Protection: Seamlessly integrate Auto Exam's suite of products, including extended service contracts and GAP coverage, into their auto loan offerings via Algebrik's cutting-edge LOS, providing borrowers with peace of mind and financial security. Streamline Loan Processes: Utilize Algebrik AI's advanced LOS to automate the inclusion of protection products, reducing manual efforts and accelerating loan approvals. Enhance Borrower Satisfaction: Deliver a fluid lending experience via Algebrik's digital-era LOS by offering value-added services that protect borrowers from unexpected expenses related to vehicle ownership. Executive Perspectives "Integrating Auto Exam's robust protection solutions into our cloud-native, AI-powered, digital-era LOS enables auto lenders to offer unparalleled value to their borrowers," said Pankaj Jain, Founder and CEO of Algebrik AI. "This partnership reflects our commitment to innovation and excellence in auto lending, ensuring borrowers receive comprehensive protection alongside efficient loan processing." "At Auto Exam, we are dedicated to providing top-tier vehicle protection products that safeguard consumers' investments," said Shane Vaughn, CEO of Auto Exam. "Partnering with Algebrik AI allows us to extend our reach and seamlessly integrate our solutions into the lending process, enhancing the overall borrower experience." Impact on Auto Lending This collaboration underscores a shared vision to elevate the auto lending landscape by: Reducing Financial Risks for Borrowers: Offering products that cover unforeseen vehicle repair costs and potential loan deficiencies, thereby protecting borrowers' financial well-being. Improving Operational Efficiency for Lenders: Automating the integration of protection products into loan offerings, resulting in streamlined workflows and faster loan processing times. Expanding Market Reach: Enabling lenders to attract and retain customers by providing comprehensive loan packages that include essential vehicle protection services. Algebrik AI's Vision: Redefining Lending for a New Era Algebrik AI was founded with a vision to transform the lending experience by addressing the challenges faced by community financial institutions. Recognizing the stagnation in lending technology over the past two decades, Algebrik set out to build a platform that bridges the gap between legacy systems and modern borrower expectations. With a foundation in cutting-edge AI and cloud-native technologies, Algebrik's mission is to enable credit unions, auto lenders and financial institutions to reclaim their competitive edge while delivering personalized, seamless lending experiences that resonate with next-generation members. For more information about Algebrik AI and this partnership, please visit For latest on tech & AI, follow Algebrik on Linkedin at: Or chat with the Algebrik team at: letschat@ About Auto Exam: Auto Exam is a trusted leader in vehicle service contracts and auto loan protection, committed to safeguarding financial institutions and their borrowers. With over two decades of expertise, Auto Exam provides innovative solutions designed to reduce risk, enhance loan portfolios, and deliver peace of mind to both lenders and borrowers. Their suite of products includes extended warranties, GAP insurance, and comprehensive vehicle inspection services, all tailored to meet the evolving needs of the auto lending industry. For more information, visit About Algebrik AI Algebrik, headquartered in New York City is the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), designed for the next generation of borrowers / members. In an industry that hasn't seen significant innovation in lending technology in over 25 years, it was high time that someone stepped in to help community financial institutions, auto lenders and financial institutions of all sizes regain their former glory. Algebrik AI's mission is to empower lenders to attract, engage, grow, and retain next-gen members while staying competitive in today's digital era. By transforming loan originations end-to-end, Algebrik AI takes on the heavy lifting, allowing lenders to focus on helping the borrowers / members & communities they serve. For more information, visit View source version on Contacts Media Contacts: Algebrik AIPankaj JainFounder & Auto ExamShane VaughnCEOShane@
