Latest news with #AlgebrikAI
Yahoo
5 days ago
- 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
28-07-2025
- Business
- Yahoo
Algebrik AI and AppOne Partner to Streamline Indirect Lending for Dealers and Lenders
NEW YORK, July 28, 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 a strategic partnership with AppOne, a leading provider of indirect lending workflow and productivity solutions for dealerships and lenders. Through this collaboration, AppOne will be integrated into Algebrik One: Algebrik's agentic AI-powered lending suite that includes Digital Account Opening, the Lender's Cockpit (LOS), Omni-channel Point-of-Sale (POS), AI Decision Engine, and Portfolio Analytics. This empowers Algebrik-powered credit unions, community banks, and fintech lenders to connect seamlessly with dealer networks—enhancing the loan application-to-funding journey for sectors like automotive, RV, marine, and powersports. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service Delivering a Unified Dealer-to-Lender Experience Through this integration, dealers using the AppOne platform can submit credit applications directly into Algebrik One, retrieve instant decisions from lenders, and receive compliant loan documents—all without leaving the AppOne interface. Meanwhile, Algebrik's decision engine empowers lenders to review, approve, and process indirect applications with speed and accuracy—closing the loop between dealer platforms and Algebrik's AI-powered lending suite. Enabling Scalable Indirect Lending for Credit Unions and Community Lenders For credit unions and community banks, this integration makes it easier to expand indirect lending programs without overhauling internal operations. Lenders can tap into pre-qualified applications from trusted dealers, apply custom credit logic using Algebrik's AI engine, and complete funding with compliant, auto-generated contracts—all from one interface. The result: faster time-to-funding, fewer errors, and a better member experience. Benefits Across the Ecosystem Streamlined Deal Submission Dealers can submit complete, compliant credit applications through AppOne, which flow directly into Algebrik One—eliminating manual data entry and reducing errors from the start. Faster, Context-Rich Decisions Lenders receive structured, pre-validated applications and can apply Algebrik's AI-driven underwriting for faster, more confident approvals. Compliant, Auto-Generated Documentation Loan packages are automatically formatted and disclosed according to lender policies, improving compliance and minimizing the risk of re-contracting delays. Scalable Indirect Lending, Simplified Credit unions and community lenders can easily grow their dealer footprint and loan volume—powered by the seamless integration between AppOne and Algebrik One. Strategic Insight: Why This Partnership Matters "Indirect lending thrives when technology removes friction and increases trust across the dealer-lender relationship," said Chet Heughan, Sr. Sales Director at AppOne. "This partnership aligns two platforms focused on speed, compliance, and mutual success—helping credit unions and lenders scale their indirect lending strategies with greater efficiency." "With this integration, Algebrik One becomes the seamless bridge between dealer networks and modern lending infrastructure," said Pankaj Jain, Founder & CEO of Algebrik AI. "From credit application to compliant contract generation, we're enabling lenders to activate indirect lending programs right within Algebrik One—without the usual operational headaches. This isn't just a feature add—it's a leap toward truly unified, AI-powered lending workflows." 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 AppOne AppOne is a leading provider of workflow and productivity solutions for indirect lending in markets such as automotive, RV, marine, and powersports. Their SaaS-based platform supports dealer networks and financial institutions by simplifying application submission, compliance, and documentation processes—helping both sides improve efficiency and reduce risk. Headquartered in Dayton, Ohio. Learn more at Contacts Media Contacts:Algebrik AIPankaj JainFounder & View original content to download multimedia: SOURCE Algebrik Sign in to access your portfolio
Yahoo
23-06-2025
- Business
- Yahoo
Algebrik AI Partners with TruStage™ to Offer Embedded Lending Protection Products Through the Loan Origination Journey
NEW YORK, June 23, 2025 /PRNewswire/ -- Algebrik AI, a Delaware-incorporated company headquartered in New York City, pioneering the world's first cloud-native, AI-powered, digital era Loan Origination System (LOS), today announced a partnership with TruStage™, a financially strong insurance and financial services provider. This collaboration integrates the education of a broad suite of lending protection offerings from TruStage—including GAP coverage, debt protection, credit insurance, and mechanical repair coverage—directly into Algebrik's end-to-end digital lending workflows. Making Protection Part of the Lending JourneyWith this integration, Algebrik enables credit unions and community lenders to present TruStage protection products directly within the digital loan application flow—empowering borrowers to choose coverage that fits their needs without disrupting the journey. Whether for auto loans, personal loans, or other credit products, protection options are embedded natively into Algebrik's borrower experience and remain easily configurable by loan officers. Key Benefits of the Integration Comprehensive Coverage Options – Offer GAP coverage, credit insurance, debt protection, and mechanical repair coverage products—all surfaced directly within Algebrik's LOS. Embedded at the Point of Decision – Borrowers encounter relevant protection choices within the same digital flow, with no need to redirect or re-engage later. Configurable by Loan Type & Member Segment – Institutions can tailor which TruStage products are presented based on loan type, member profile, or risk category. Simplified Operations, Centralized Reporting – Built-in tracking, configuration, and compliance support helps lenders manage enrollment, documentation, and servicing with minimal manual effort. Bringing Value to the Lending Experience "Helping credit unions deliver more than just a loan has always been core to Algebrik's vision," said Pankaj Jain, Founder & CEO of Algebrik AI. "By embedding TruStage's protection suite directly into the origination journey, we're enabling lenders to offer financial resilience and peace of mind at the exact moment it matters most—without compromising speed, simplicity, or compliance." "As we face growing economic uncertainty, 80% of consumers say they would be interested in protection plans on their next loan. Yet more than half don't recall be offered these options," said Corinn Maier, VP, Lending Payment Protection at TruStage. "By embedding Payment Protection directly into Algebrik's LOS, we can more easily give consumers and lenders greater peace of mind and financial stability." About Algebrik AIAlgebrik AI, headquartered in New York City, is the world's first cloud-native, AI-powered Loan Origination System (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 About TruStageTruStage™ is a financially strong insurance and financial services provider, built on the philosophy of people helping people, meeting the needs of middle-market consumers and the businesses that serve them since day one. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities and improving the lives of those we serve today, and tomorrow. For more information, visit For more information on how Algebrik AI is transforming lending, visit For the latest on cutting-edge lending technology & AI, follow Algebrik AI on LinkedIn at: Or chat with the Algebrik AI team at: letschat@ Contacts Media:Algebrik AIPankaj JainFounder & View original content to download multimedia: SOURCE Algebrik Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
04-04-2025
- Business
- Yahoo
DocuSign (NasdaqGS:DOCU) Integrates With Xakia for Seamless Contract Handling Solution
DocuSign experienced a 5.72% price decline in the past month, a move that coincided with several market events. Recently, DocuSign integrated with Xakia to streamline contract management, potentially enhancing its offerings. Additionally, a partnership with Algebrik AI aimed to bolster digital lending workflows. Despite these developments, broader market turbulence, such as a global stock sell-off triggered by new tariffs and trade tensions, influenced many tech stocks, including DocuSign. The Nasdaq Composite entered bear market territory, and major indices posted substantial losses, affecting companies indiscriminately, which likely impacted DocuSign's performance. DocuSign has 3 weaknesses (and 2 which are a bit unpleasant) we think you should know about. AI is about to change healthcare. These 25 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Over the past year, DocuSign achieved a total return of 31.58%, a performance that surpassed both the US Software industry and the broader US market, which returned 3.1% and 3.3%, respectively. The year witnessed substantial growth, notably in Q2 2024, where the company reported an exceptionally large net income and improved earnings per share. Earnings momentum continued throughout the year with strong revenues and profitability in subsequent quarters, reflecting positive operational efficiencies and market positioning. DocuSign's successful series of share buybacks, totaling over 15.15 million shares at a cost of US$892.02 million, has likely contributed to shareholder value creation. Additionally, strategic partnerships, such as those with Xakia and Algebrik AI, have expanded its digital ecosystem and potentially enhanced its service offerings in contract management and digital lending. These initiatives have supported the company's robust financial results amid a challenging external environment. Get an in-depth perspective on DocuSign's performance by reading our balance sheet health report here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:DOCU. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
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
