VIP enables Algebrik AI to integrate with Symitar
Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world’s first cloud-native, AI-powered, digital era Loan Origination System (LOS), announced that it has joined the Jack Henry Vendor Integration Program (VIP). Participation in the program provides Algebrik AI with access to Jack Henry’s technical resources to enable its Loan Origination Platform to integrate with Symitar. The Vendor Integration Program is designed to help ensure that Jack Henry’s customers can easily deploy third-party products.
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“Joining Jack Henry’s VIP is a pivotal step in our mission to revolutionize the lending experience”
Algebrik AI’s Loan Origination Platform integrates with Symitar via SymXchange, a services-based programming interface that enables third-party vendors and credit unions to access the platform’s core data and business rules. The integrity of data is maintained throughout any data exchange, because access to business rules and data is managed through a service layer that governs these interactions.
By harnessing the power of Algebrik AI’s advanced, AI-powered Loan Origination System (LOS), credit unions can seamlessly transition to a modern lending experience just like moving from traditional cable TV to Netflix. This integration delivers hyper-personalized lending experiences, slashing abandonment rates and cutting member & loan acquisition costs by leveraging core connectivity to reduce redundant data entry. With dynamic workflows, credit unions can fast-track approvals for existing members and onboard new borrowers effortlessly. Beyond traditional credit bureau checks, Algebrik AI enables smarter underwriting with real-time cash flow analysis, unlocking financial access for more members. Additionally, with read/write access to member profiles, loans can be processed and disbursed in real time bringing lending into the digital era with instant, AI-driven decisioning.
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As a VIP member, Algebrik AI’s tools are accessible to Jack Henry’s clients, empowering them to modernize their lending workflows effortlessly. This integration empowers lenders to offer digital-first borrowing journeys tailored to evolving needs of today’s modern generation borrowers.
“Joining Jack Henry’s VIP is a pivotal step in our mission to revolutionize the lending experience,” said Pankaj Jain, Founder & CEO at Algebrik AI. “Switching LOS can be complex for credit unions due to deep Core integrations, but our out-of-the-box connectivity eliminates adoption barriers, ensuring a smooth transition. Direct integration enables seamless data flow, reducing inefficiencies, enhancing member experience and decision accuracy. By reducing operational overheads, we empower credit unions to focus on delivering more personalized, borrower-centric experiences. This collaboration brings AI-driven automation and cloud-native scalability to credit unions nationwide, helping them stay ahead in a rapidly evolving lending landscape.”
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Jack Henry’s VIP takes the customer out of the middle, providing vendors with direct access to Jack Henry’s technical resources and test systems. VIP inclusion is not an endorsement of the vendor’s product.
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Source – Intent Market Research
