US-based business services provider Zventus has launched a consumer lending solution dubbed FinTech-in-a-Box to support legacy lenders compete with newer fintech companies.

The Fintech-in-a-Box solution is licensed by the Nationwide Multistate Licensing System (NMLS) in all the 50 states of the US.

The new lending solution is designed and operated by consumer lending experts for all types of lenders. It will enable lenders to select all the capabilities necessary for a fintech transformation.

With FinTech-in-a-Box, companies are expected to streamline lending procedures, enhance the borrower experience, and obtain benefits from new cost efficiencies and technologies.

Zventus president Angel Alban said: “With so many challenges in today’s market, lender transformation is essential. Our Fintech-in-a-Box solution makes that transformation much more manageable, providing access to specialised skills that will drive innovation and growth in the mortgage and lending sectors.”

FinTech-in-a-Box is an end-to-end lending solution that covers every element of the lending spectrum, from origination to servicing.

The lending solution will enable companies to choose the capabilities they require to expand their product and service offerings, right-size into new markets, invest in the appropriate technology, undertake mergers and acquisitions, and to find talent.

Zventus claims the solution to offer enhanced efficiencies and improved consumer protection to the industry.

Zventus chief technology officer Marvin Bantugan said: “If lenders want to offer new channels and services in different states, we can help them process, underwrite, and sell loans in new locations to test the market.”

Headquartered in Los Angeles, California, Zventus offers staffing solutions, consulting, technology solutions like artificial intelligence (AI), blockchain, and robotic process automation (RPA), and outsourcing services.