FLEX Completes Integration with CreditSnap
October 26, 2023, Sandy, UT – FLEX, a leading provider of core system software for credit unions has completed integration with CreditSnap, which offers a digital lending & account opening platform.
Leveraging the FLEXBridge API, FLEX + CreditSnap together provides cross-platform integration for digital lending & account opening. “This API integration will assist credit unions looking to enhance lending and account opening processes for their members.”, commented Preston Packer, EVP | CMO at FLEX. Packer also noted that “CreditSnap joins other digital lending and account origination platforms in the growing FLEXBridge API catalog.” The new API integration will streamline integration with CreditSnap-sourced loans and new accounts within the FLEX core processing system. The integration will also prevent credit union loan officers and MSRs from toggling between multiple programs during the loan funding process.
At the heart of CreditSnap’s technology offering is an innovative soft inquiry technology that prevents a negative impact on an individual’s credit score, making it easier for them to access credit in the future. According to CreditSnap, this cutting-edge technology has played a pivotal role in enhancing the credit health of over 2 million citizens by sparing them from the challenges associated with hard inquiries. In doing so, CreditSnap has not only alleviated significant financial burdens but has also expedited the lending process by providing real-time offers tailored to your members’ specific financial needs.
CreditSnap has noted that the adoption of their soft inquiry technology and instant offer-based lending solution has resulted in a 60% month-over-month increase in new credit card bookings and a 30%+ increase in auto loans. CreditSnap can provide instant offers capability, combined with instant balance transfer capture capability, to make the member journey more fulfilling and the user experience resulted in a stronger conversion rate.
About FLEX
FLEX has disrupted the credit union core system marketplace by enabling efficient solutions for digital transformation and sustainable growth. FLEX will allow credit unions to launch a full-service digital banking suite with innovative member-facing technologies and automated services. Credit unions will buy back lost time by remapping the digital journey and increasing member loyalty. With over 280 credit unions in 46 states including Alaska, Hawaii, and the Eastern Caribbean, FLEX enjoys established relationships with all regulatory agencies, corporate credit unions, and major industry partners. Follow us on LinkedIn.
About CreditSnap
CreditSnap is an advanced fintech platform for banks and credit unions, revolutionizing lending and banking processes. CreditSnap’s comprehensive loan management and account opening platforms come packed with features like Soft Inquiry Tech, Instant Document Signatures, Core System Integration, Strategic Cross-Sells, Instant eDeposit Capability, and more to deliver a world-class banking experience. These solutions have been used to process more than a million transactions and produced exceptional results, driving financial institutions to experience a notable 20% to 40% boost in loan volume and deposit accounts. For more information, visit www.creditsnap.com or email community@creditsnap.com.
