Lama AI is a platform that leverages artificial intelligence (AI) and big data to transform the business lending landscape. By harnessing the power of AI and machine learning, Lama AI empowers small-business owners, providing them with insights to make informed choices, submit stronger credit applications, and secure loan approvals more expeditiously. The platform serves as a loan-qualifying system, analyzing credit reports and a business owner’s creditworthiness as viewed by lenders. This AI analysis and industry expertise translate intricate financial information into actionable insights for owners before they apply for a loan. Additionally, Lama AI’s ability to process vast amounts of data allows lenders to offer custom services to business owners, securing essential information to generate necessary data points, such as personal credit, business-to-business credit, NAICS code or entity type, available credit, and time in business
Lama AI’s platform offers a range of features designed to enhance lending efficiency, profitability, and growth. It enables financial institutions to access a network of bank lenders to get more applications approved without increasing their credit box, expand their product offerings with additional products not currently offered by their bank, and earn non-interest income while enjoying increased customer retention. Furthermore, the platform provides a dynamic and contextual onboarding flow leveraging 1st and 3rd-party data to make the loan application process quick and simple while enhancing data validity. Lama AI’s API-first approach allows seamless implementation of AI into existing processes and platforms, making integration a breeze. With built-in AI models, the platform helps financial institutions make smarter decisions and drive growth, ultimately revolutionizing the lending landscape
