Mobetize (OTCQB:MPAY) and G&F Financial have announced the launch of an online and mobile lending application, “Smart Money Loan.”
As quoted in the press release:
Both parties are excited to invite other financial institutions to join in this innovation and offer the same service to their own clientele.
Smart Money Loan is a proprietary digitized lending product that allows borrowers to apply for secured and unsecured loans ranging from $500 up to $35,000 to refinance credit card debt, student loans, weddings, or household projects.
“Mobetize is excited to be working with G&F and invites financial institutions (FIs) throughout North America to capture the immediate opportunity for growth in the online lending marketplace,” said Ajay Hans, Mobetize CEO.
The co-developed lending solution is configurable, scalable and able to implement dynamic algorithms in a cloud-based environment that enables FI’s to quickly launch their own online lending products and controls.
This innovative software solution, built on the core Mobetize Fintech platform, enables FI’s to instantly meet Know Your Client (KYC) and Anti Money Laundering (AML) compliance in addition to computing complex algorithms for auto-adjudication of the personal bank lending process initiated from any tablet, PC or mobile device.
“For G&F, the Mobetize smartLoan app is a natural extension of the lending products we offer that provides borrowers with a seamless, fast, secure and convenient experience,” said Bill Kiss and Jeff Shewfelt, Co-CEOs, G&F Financial Group. “Many financial institutions are looking for ways to expand their products online and into the mobile space so our partnership with Mobetize is ideal. Working with Mobetize, we retain the relationship with our members, which is important from a values and culture perspective. Our hope is that other FIs will participate in the Mobetize platform.”