Source: PR Newswire

This collaboration aims to strengthen auto loan decisioning capabilities within Algebrik’s cloud-native, AI-powered LOS—part of the Algebrik One lending suite—enabling credit unions and community lenders to confidently extend credit to near- and non-prime borrowers while minimizing risk and streamlining workflows.

Pankaj Jain, Founder and CEO of Algebrik AI, commented on the partnership: “We believe modern lending stacks must function as ecosystems—not toolkits. By partnering with Open Lending, we’re deepening the intelligence of loan decisioning and giving lenders a seamless path to responsible loan growth. With Open Lending now embedded in Algebrik’s LOS, lenders can reach underserved borrowers while maintaining the operational efficiency and compliance they demand.”

Josh Marcy, Chief Product Officer at Open Lending, added: “Algebrik brings a modern, purpose-built approach to lending infrastructure. The Algebrik integration leverages best practice automation capabilities and a dynamic user experience, offering fast and accurate automatic decisions that accelerate loan originations for our mutual customers. Their team has delivered a clean, intuitive experience that aligns with our vision for the future of inclusive, data-driven auto lending. “

Read the full article: https://www.prnewswire.com/news-releases/algebrik-ai-and-open-lending-partner-to-expand-intelligent-auto-loan-decisioning-for-credit-unions-302526459.html