Lenders Cooperative (LC), a leading provider of commercial lending technology and services, announced the integration of Moov, the modern payments ledger infrastructure, into its unified lending platform. The integration embeds money movement directly into the origination and servicing workflows, giving banks and credit unions faster, more flexible options for borrower repayment, and real-time visibility into every dollar that moves.
Most lenders still originate in one system, service in another, and move money through the core or a separate payments vendor, with reconciliation happening in spreadsheets between them. Embedding a ledger and money movement into a unified origination and servicing workflow means funding, repayment, fee collection and remittance all post to the same record the loan lives in.
“The banks and credit unions we predominantly serve in the $10B to $200B range often run batch-oriented cores that weren’t built for real-time rails, programmable disbursements, complex reconciliations, or for borrower self-service payments on commercial loans,” said Christopher McClinton, President & Chief Revenue Officer of Lenders Cooperative. “By embedding Moov, LC can give our lenders modern money movement options without touching their core.”
Read More on Fintech : Global FinTech Interview: AI and the future of fintech with Hugh Cumming, CTO, Vena
The Moov integration marks the latest step in a deliberate strategy for LC: embed best-in-class third-party services inside one platform, so lenders and their borrowers get a better experience at every step of the loan life cycle, without adding another system, another login, or another vendor to manage. Where the platform’s open finance integrations bring verified borrower financial data into the credit decision, Moov moves the money that follows it.
Source link
