Introducing LendAPI’s Blackbox-as-a-Service

We believe that this is the first time a decision engine provider is providing this one of a kind blackbox-as-a-service feature for banks and lenders to upload their pre-compiled binary files from any modeling tool and run them in real time on a world class decision engine instantly.

Your Intellectual Property is Key

At LendAPI we spoke to countless banks and lenders. These firms have world class credit risk managers, credit modeling teams as well as data scientists that are well versed in credit risk modeling tools such as Amazon Sagemaker, Python Data Science Tools. These tools are so powerful that most of the large banks and lenders are leveraging them to create the most sophisticated credit risk models based on decades of experience.

This experience from banks and lenders is their key to success. Some call it secret sauce. The credit risk models created based on these datasets collected over the decade represented the culmination of the equity value of these banks and lenders. This dataset which contains customer data, credit reporting data, cashflow data and payment history is priceless.

Data scientists and credit risk modelers are often hired to create even more value from these data in the forms of regression models, machine learning models and A.I. models. The additional knowledge created from this priceless set of data is invaluable and key to their success.

Runtime Environment with your IP Protection In Mind

These modern credit risk modeling tools have a way to compile your intellectual property, or your credit risk models into a binary code. In other words, it’s hard to decipher just what goes into the model, unlike a regression model which is often represented in a mathematical formula, anyone with a rudimentary knowledge of mathematics can easily decipher the model and therefore your hard earned IP is exposed.

LendAPI’s Model Runtime Service lets you upload the binary code directly into our runtime environment. If you have docker container styled binary or .pkl “Pickle” files compiled from Python. 

Once these compiled models are uploaded, you get to define the input and output within our Model Runetime Service administrative panel. The only thing the world can see is the input and output of your compiled file, all of the intellectual property within the compiled file is protected and not exposed even to LendAPI!

At the Forefront of Decision Engine Technology

LendAPI is at the forefront of decision engine technology. Not only is our decision engine able to handle thousands of transactions a second, we are also releasing features that no other decision engine provider has but are highly sought after by the most sophisticated banks and lenders alike.

Our Blackbox-as-a-Service gives the banks and lenders the technological foundation to run any number of the sophisticated models created by their data sciences team. These banks and lenders no longer have to build their own model runtime environment which is costly to do and maintain. 

Our expert engineering team and customer success team can help banks and lenders to not only safe guard their intellectual property but also run these credit risk models in real time without having to spend costly implementation and infrastructure fees.

LendAPI’s Model Runtime Service is Available Today

The model runtime service is available today, this feature is available in our Scale Plan which is reserved for the most sophisticated lenders and banks that creates the latest large scale credit risk models. We have the most sophisticated model runtime environment to serve their needs.

If you have credit risk models created by your data science and risk modeling team and have no place to run these models, please consider LendAPI’s Model Runtime Environment the only place where your IP is protected and your model is served through sophisticated LendAPI Decision Engine connected to over 60 different third party data providers.

You can get started today by clicking on the “Sign Up” button and start hosting your credit risk model today.

Please contact us today for more information and hands on training at info@lendapi.com or contact us through Linkedin today. We also provide professional services to handle your most important assets with care.

About LendAPI

LendAPI launches your financial products instantly. Follow us on Linkedin, X, YouTube, and check out our Decision Engine, Product Studio, Underwrite AI, Embedded Financing Product, Marketplace, Lender Marketplace, Model Runtime Service,  Academy, Podcast, Capital and our Weekly Newsletter. Introducing our new community LendAPI Marketplace Slack Channel.