Alogent, a Georgia based global banking and financial software provider has expanded its product portfolio with the acquisition of the FinanceGenius suite of lending software from IntelliEngines, Inc.
The cloud-based software suite, which will now be marketed under the new name Origins, part of the Alogent Lending family, automates consumer lending and streamlines the loan origination process for financial institutions and retail lending. With an end-to-end, fully scalable mobile, online and digital experience, consumers gain simplicity and speed, maximizing decisions and business opportunities for banks and credit unions. Terms of the deal were not disclosed.
“The addition of Origins to Alogent’s product portfolio naturally marries our digital banking and enterprise information management solutions,” said Jason Schwabline, Chief Strategy Officer at Alogent. “Cloud-based and mobile-ready, Origins is a turnkey and automated decisioning platform that embodies Alogent’s ‘user-first’ and channel-agnostic approach. Consumers choose how they want to engage—online, mobile, in-branch, or by phone—while financial institutions benefit from a streamlined and uniform workflow regardless of the channel of interaction.”
Addressing the full lifecycle of the loan, starting with origination to decisioning to underwriting, Origins simplifies the lending experience and strengthens customer and member relationships.
“The acquisition of the FinanceGenius suite expands Alogent’s footprint into more facets of the digital financial ecosystem,” said Dede Wakefield, CEO, Alogent. “By delivering end-to-end capabilities for intelligent loan origination, we’re opening new business opportunities for Alogent’s 2,400 financial institution partners and enabling them to maximize loan growth and profitability.”
“The FinanceGenius software is a competitive cloud-based consumer lending product that has been deployed by financial institutions seeking to automate and streamline their operations,” said Tejas Vakil, CEO, IntelliEngines Inc. “Alogent’s commitment to innovation and user experience makes the addition of this suite to its technology stack a natural fit, and will position the company to be a leader in lending to financial institutions, as well as in the fast-growing segment of retail or point-of-sale lending.”
The company said that the United States is the largest consumer in the world of loan origination software. The Origins software is available today through Alogent, expanding its deposit automation, item processing, enterprise information management, and digital banking offerings within the financial software ecosystem.