Locality Bank Partners with Parlay Finance to Apply AI at SBA Intake and Expand Lending Capacity
– Locality Bank, South Florida’s digital-first community bank built to help local businesses maximize their potential, today announced it has selected Parlay Finance’s Loan Intelligence System (LIS) to transform how it delivers SBA loans. By embedding AI into onboarding and intake, Locality Bank is equipping its team to scale lending while giving businesses faster, clearer access to the capital that drives growth.
Parlay Closes Seed Round and Partners with JAM FINTOP to Transform Small Business and SBA Lending
Parlay Finance, an AI-powered Loan Intelligence System, today announced a $2 million seed funding round led by JAM FINTOP. This capital positions Parlay to continue scaling its technology nationwide, helping community lenders unlock substantial growth in the $1.4 trillion small business lending market.
Loan Intelligence Systems Unlock Untapped Revenue and Supercharge Small Business Lending – New White Paper from Parlay Finance
Parlay Finance, a SaaS-based Loan Intelligence System (LIS) for credit unions and community banks issuing SBA and small business loans, today announced the availability of its white paper, "Supercharging Small Business Lending with Loan Intelligence Systems,” introducing the Loan Intelligence System (LIS), a new category of AI-powered software that works alongside the LOS to intelligently intake leads, streamline the loan evaluation process, reduce time-to-decision, improve data quality, and maximize conversions.
