Lendio’s announcing a new lending technology
Lehi, Utah – Lendio, the nation’s leading marketplace for small business financing, will attend the financial industry’s premier event, Money 20/20, in Las Vegas on October 23-26.
As part of the event, Lendio data scientist Abby Sleight will provide a hands-on demonstration of the company’s newest Software as a Service lending technology, Axis. Attendees of the demonstration on Monday will learn how this data science-driven software works to improve processes, decrease risk, and increase profitability in historically small-margin, small business lending. The demonstration on the MPulse stage is part of Lendio’s partnership with NVIDIA.
“It’s intelligent SaaS,” says Sleight, whose demo session runs Monday morning, October 24, in the innovation zone of the Expo Hall. “Behind the scenes, Axis fuses business logic with machine learning to improve the profitability of small business lending. I’m focusing the demonstration on the details: how Axis analyzes bank transaction data and calculates cash flow, identifies loan candidates, determines risk scores, and optimizes pricing.”
Tuesday night’s happy hour at The Venetian will provide an opportunity for attendees of the invitation-only event to network with Lendio leaders and get a glimpse of what else is in the works at the company.
This will mark the 10th year that Lendio has attended Money 20/20 since the fintech leader opened for business in 2011. For Lendio co-founder and CEO Brock Blake, the opportunity to connect with other members of the industry is invaluable.
“We’re always excited to meet with our partners and peers in the fintech industry at Money 20/20, and we walk away each year with a list of new ideas that originate from discussions we have while there. But this year is even more exciting because of the launch of Axis,” says Blake, who is scheduled to attend the event. “Teams who it was made for—smaller local and regional financial institutions that have had to curb small business lending because it hasn’t been profitable—will be able to see how Axis can change their margins. We’ve talked for a while now about how Axis will become an extension of a financial institution’s lending team but the concept resonates once you see it in action.”
Attendees are invited to connect with Lendio at the event by using the Money20/20 mobile app to schedule meetings, stop by the product demo session Monday morning or the cocktail hour Tuesday night.