Luby is now a certified partner of LendAPI (Techstars ’24), reinforcing its commitment to innovation and digital transformation in the financial sector. This partnership enables us to bring advanced digital onboarding and underwriting solutions to more banks and fintechs, delivering a fast, secure, and efficient process.

What this partnership can offer to our clients:

• Fast implementation: Luby’s solutions, combined with LendAPI, reduce onboarding time to just a few hours, enabling banks and fintechs to activate accounts and facilitate loans almost instantly.
• Integrated workflows: Leveraging LendAPI’s modular, API-based infrastructure, we design integrations that seamlessly adapt to each client’s system. This minimizes operational challenges and reduces time spent on complex technical integrations, allowing institutions to focus on delivering valuable experiences for their customers.
• Automated underwriting: Our automated underwriting process, driven by LendAPI’s decision engine, enables institutions to make faster and better credit decisions. By applying predefined rules on credit risk, income verification, and other key factors, lenders can achieve consistency in application decisions while minimizing manual tasks and reducing errors.
• Scalable and adaptable solutions: Together, Luby and LendAPI provide onboarding experiences that grow with the client’s business, removing technical barriers so financial institutions can focus on expanding their services.

Transforming the financial market with high-impact digital onboarding

This partnership represents a significant step forward in the digital transformation journey of financial institutions, allowing Luby and LendAPI to bring to market a complete onboarding experience that eliminates traditional obstacles. Luby’s expertise in creating customized workflows, combined with LendAPI’s decision engine, results in a platform that is fast, adaptable, and aligned with the demands of a sector that is constantly evolving.

Timothy Li, CEO of LendAPI, says: “The partnership with Luby expands our horizons and allows us to offer an end-to-end digital onboarding experience. This collaboration takes fintech innovation to new heights, offering our customers even greater opportunities for success.” 

Modernizing underwriting legacy systems

Outdated infrastructures often limit scalability, slowing down loan processing, and making it harder to maintain compliance. By combining Luby’s modernization expertise with LendAPI’s advanced API-driven platform, we offer lenders a solution that not only speeds up onboarding but also transforms their underwriting systems into fast cloud-based operations. This upgrade allows institutions to easily integrate new technologies, fulfill regulatory obligations, and create a better client experience.

“Through this partnership, we will deliver a streamlined digital onboarding solution, boosting client acquisition with an underwriting system already integrated with essential players. With only one integration required, the process becomes faster and more efficient, driving meaningful improvements in lender operations. The game has changed!”, said Luby’s CEO, Alon Lubieniecki.

Innovation and growth with a customer focus

For Luby, this collaboration goes beyond a partnership – it’s a commitment to transform financial onboarding, redefining standards of speed, accuracy, and security. In a world where 40% of consumers prioritize fast, frictionless digital experiences, we are committed to delivering onboarding that makes a difference. The expectation is that this innovation will help our customers gain more efficiency, reducing the cost of acquisition and increasing customer retention.

We are ready to transform the future of the digital experience in the financial sector, creating solutions that bring real results and drive growth for our partners. Talk to our experts and find out how we can accelerate your business!