Stratyfy, a company specializing in credit decisioning, and Parlay Finance, a loan intelligence system, announced a partnership aimed at transforming how financial institutions lend small businesses the capital they need to thrive.
The collab unites AI-powered technologies to deliver a frictionless intake and underwriting experience that “helps banks convert qualified small business borrowers and empowers businesses with actionable insights to win funding.”
While Parlay’s platform streamlines the application process and guides entrepreneurs toward building more bankable businesses, Stratyfy’s credit solutions “help financial institutions say ‘yes’ to more borrowers–without compromising on risk.”
Together, the tools form an underwriting ecosystem “from data to decision that automates workflows, improves performance, and drives risk-adjusted returns.”
Laura Kornhauser, CEO of Stratyfy said:
“Our technology is designed to help lenders make better credit decisions by uncovering signals often overlooked by traditional approaches. Combining that with Parlay’s strength in surfacing opportunities and accelerating small businesses through the loan application process is a powerful match.”
The partnership is in motion, with the teams “collaborating on a first joint client engagement–an established community lender focused on increasing success rates for historically underbanked entrepreneurs.”
This initial use case highlights the mission behind the work and demonstrates the potential for deeper integration “between Stratyfy’s and Parlay’s offerings as the business banking economy evolves.”
Alex McLeod, CEO at Parlay Finance said:
“Parlay empowers lenders to digitally onboard and verify small business information while providing applicants with personalized financial insights. Teaming up with Stratyfy extends that value through the full credit lifecycle, helping lenders match with and support the businesses they’re best suited to serve.”
Stratyfy and Parlay first collaborated in the inaugural cohort of the CAFE (Center for Accelerating Financial Equity) program – “an initiative backed by Discover, BNY, M&T Bank, and Wells Fargo, committed to fostering the development of fintech solutions that democratize financial services.”
Stratyfy modernizes lending with transparent AI solutions “for credit, compliance, and fraud teams.”
An industry enabler of decision optimization for FIs, Stratyfy empowers lenders to “unlock new markets, cut costs, and drive de-risked growth.”
Parlay Finance is a SaaS-based Loan Intelligence System (LIS) “that helps lenders efficiently issue SBA and small business loans.”
Their AI-powered platform streamlines “digital onboarding, verification, and qualification while integrating with Loan Origination Systems to boost volume and profitability.”
Parlay recently partnered “with Mastercard and JAM FINTOP to expand its services nationwide.”