Latest news with #iBF
Yahoo
08-04-2025
- Business
- Yahoo
iBusiness Funding Launches First-Of-Its-Kind Agentic Lending AI Solution and Announces $100 Million Commitment Toward AI
FORT LAUDERDALE, Fla., April 08, 2025--(BUSINESS WIRE)--iBusiness Funding (iBF), the technology and lending services division of Ready Capital Corporation (NYSE: RC), today announced the launch of Lendsey AI – the industry's first agentic AI platform specifically designed for SMB lending. The business banking technology innovator also announced a $100 million commitment toward the advancement and integration of AI across its platform. "Today marks a major change for the way small businesses access capital," said Justin Levy, CEO of iBusiness Funding. "Lendsey AI is both borrower- and lender-facing, augmenting both sides of the lending process with instant feedback and actually executing work on behalf of the borrower and lender. This announcement marks the beginning of a bold new era in financial technology – one where speed, security and intelligence converge to better serve the businesses that drive the U.S. economy." Lendsey is exclusively available as an add-on to iBusiness Funding's secure end-to-end platform, LenderAI – a groundbreaking Loan Origination System (LOS) that enables financial institutions to use AI on their own terms in a separate, secure environment. With its own loan processing division, iBF processes over $100 million in SBA and conventional loans each month. iBusiness Funding is uniquely positioned as the only AI company that leverages data and models from its own lending operations – opposed to using bank and client data – for the benefit of lender clients and borrowers. LenderAI's suite of proprietary built-in tools – including telephony, email, OCR, chat, document generation, and e-signing – empowers Lendsey to act agentically: not only analyzing and deciding but also taking independent action, including communication and execution, all in-house. "We have supported Justin and iBusiness Funding for the past decade and have seen the impact of their technology firsthand," said Tom Capasse, CEO of Ready Capital. "Their exponential growth and evolution of product offerings without increasing costs are truly impressive, and we are excited to support them as they launch this next chapter in AI. With solutions that have been field-tested on over $11 billion in loans, iBusiness Funding is poised to be the clear leader in the lendtech AI space." This commitment of funds will be internally financed through operating revenue, reflecting the company's strong performance and long-term confidence in AI-driven lending. With a decade of product innovation, domain expertise, and a trailblazing approach to agentic AI, the company is transforming the legacy lending process and powering the future of secure, intelligent, and autonomous lending. To learn more about iBusiness Funding and Lendsey, visit About iBusiness Funding, LLC iBusiness Funding is a leading provider of lending solutions for banks and lenders of all sizes, specializing in SBA lending. The company is dedicated to streamlining the business lending process, enabling lenders to efficiently deliver capital to small and medium-sized businesses. iBusiness Funding has processed over $7 billion in SBA loans to date and handles over 1,200 business loan applications daily. iBusiness Funding is wholly owned by Ready Capital Corporation. About Ready Capital Corporation Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans. The company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York City, the company employs approximately 350 professionals nationwide. View source version on Contacts Media Derrius RodgersCaliber Corporate Advisers for iBusiness Fundingderrius@ Sign in to access your portfolio
The Independent
08-04-2025
- Sport
- The Independent
Dmitry Bivol's lawyer offered ‘ridiculous' reasons for vacating title in ‘cold' message, WBC says
WBC president Mauricio Sulaiman has hit out at Dmitry Bivol 's lawyer, accusing him of sending a 'cold' message with 'ridiculous' reasons for the boxer vacating the WBC light-heavyweight title. It was confirmed by Sulaiman on Monday (7 April) that Bivol had relinquished the belt, which he won when he outpointed Artur Beterbiev to become undisputed champion in February. Sulaiman also confirmed that interim-title holder David Benavidez has been elevated to official WBC champion, as Bivol eyes a trilogy bout with Beterbiev. Sulaiman tweeted on Monday: 'I have just received a cold and impersonal notification from Dmitry Bivol ['s] lawyer, Patrick English, with arguments that are so ridiculous that I rather not discuss [them,] informing the WBC that Dmitry Bivol has decided to relinquish his WBC light heavyweight championship. 'We wish Bivol success and hereby confirm David Benavidez as WBC world light heavyweight champion.' Per The Ring, English wrote to Sulaiman: 'Everyone in boxing knows that there is a commitment for a third bout with Artur Beterbiev […] We are working to consummate that bout. 'In addition, we are dismayed at the inability of the ratings organizations to adhere to the rotation system set up many years ago. You are aware that the iBF [sic] has claimed to be the lead organization, with justification, for the next Bivol bout.' Bivol's recent victory over Beterbiev followed a narrow points loss to his fellow part-Russian in October, when Beterbiev became undisputed champion. That October result also marked Bivol's first professional loss, though he returned the favour in February, becoming the first fighter to beat Beterbiev. And it seems Bivol, 34, and Beterbiev, 40, could square off yet again, although Bivol was linked with mandatory challenger Benavidez recently. The unbeaten Benavidez, 28, made his name at super-middleweight but moved up to light-heavyweight last year, after failing to secure a bout with Saul 'Canelo' Alvarez. The American won the interim WBC light-heavyweight strap by outpointing Oleksandr Gvozdyk in June, before retaining it against David Morrell in February, a bout in which Benavidez was dropped and his opponent was docked a point.
