Model Studio in our platform is a place to build variables, expressions, models and other advanced features that a credit risk manager or a data scientist would use on a regular basis to build some of the more intricate fundamental building blocks that algorithms need to perform.

In other platforms, rules and expression management, model runtime environments are often neglected and overlooked. This lack of attention to details requires companies to seek out other platforms to build and run their models. This is a costly effort and time consuming. LendAPI gives you a platform where your application process and credit risk model runtime work hand in hand within the same software.

This creates a cohesive platform where product, risk and data science teams can work together and visualize the underlying logic that drives the applicant experience at every turn.

In the following weeks, we will release even more model runtime services to make hosting and launching of your latest credit risk model with an administrative user experience never seen before.

LendAPI Partner Podcast

One of the previous episodes that’s worth listening to again is our friend Michael Luxenberg from Bankuity and Concord Advice. If you are headed to Tulsa, Oklahoma next week, be sure to catch up with Michael and talk about the latest advancements from Bankuity to eliminate more waste in the lending space.

LendAPI Partner Podcast with Michael Luxenberg, Co-Founder of Bankuity AI & Concord Advice

We create a slack community fo all of our friends to join regardless of your status with LendAPI’s FinTech Marketplace. We like to hear from you. If you want to keep the conversation going, please join our free LendAPI Marketplace Slack Community.

LendAPI Academy

We have some episodes coming up and they are still getting compiled. To hold you over, we have almost 30 hours of content at LendAPI Academy. Head on over and get yourself educated on LendAPI or just how lending works in general. For now, Kay’s done a great job with our Product Studio series. Check out the first episode:

How to Design & Deliver Your Product

LendAPI FinTech Marketplace

We have onboarded several new marketplace members to our FinTech Marketplace. FinTech Marketplace has been a popular destination for other members, lenders and even Venture Capitalists to browse and find potential investment opportunities.

This week, we want to welcome Hubspot, Instnt to our FinTech Marketplace. We want to call out Hubspot specifically on being our integrated partner. If Hubspot is your central command and needs all of the lending origination information to be ported into that platform, we got you covered. And speaking of coverage, have you heard of a company that will insure your losses? Check out Instnt.

LendAPI Platform Release Notes - v2.8.9

Model Studio 2.0

• We’ve completely refreshed the look and feel of our Model Studio. This is an incredible piece of software that deserves the most up to date look and feel.

• First, we have a whole new UI for you to experience while you are building complex algorithms. Validating of your expression is right at your fingertips before you promote the new algorithm into production. 

• We give you the ability to use previously created variables into a new expression. This gives you the ability to use variables within a variable, much like how you can link a decision tree within another decision tree in our Rules Studio.

• Like everything else you create within our system where versioning is provided, models are treated no differently. You can revert to the previous version with a new administrative experience in Model Studio 2.0

• We have a new list view in the Model Studio, more tags and more information to let you know right away on the status of each variable, models that you’ve loaded or created. We also added sorting functionality in the list view for you to quickly navigate and find the right model that you’ve been looking for.

• We added a new List Filter in the model studio to help you quickly drill down to the specific types of variables or models to speed up the research process.

• Additionally, we made a significant improvement in the look and feel of the Model Studio. This feature’s look and feel is now consistent with our design language. We hope you will enjoy this new release and happy building.

• Product Studio - Upgrades

• In the widget section of the product studio, we will only show you widgets that you’ve integrated or supplied your credential to access the widgets. This will keep your widget list clean and in sync with your profile settings. In that same vein, we are also not displaying variables that are disabled in the Model Studio from your variable list to keep your variables list as clean as possible. We also made the loading of the variables faster.

• We added a status tab to show you whether your product is in draft or production mode.

• We are bringing the Auto Save feature into the editing process. Auto Save is triggered regardless of whether you choose to build the next step in the product studio building process.

• We are not displaying empty templates. And we let you edit variables on the right hand side of the product studio control panel so you don’t have to leave the experience and conduct your editing while in the editing mode.

• We’ve made several major improvements to the editing process to keep you editing without having to leave the product studio. For example, you will get a new warning message if there’s an empty product without any pages that need to be saved.

• We have a whole new model building process that’s more intuitive and easier to use.  

• We optimized the performance of the product studio so variables load faster and we added more warning messages to guide you through the building process.

Rules Studio - Upgrades

• We removed a few small workflows and pushed it up to the Product Studio which we think makes more sense.

• We also updated the variable drop down to show more information. It was getting truncated way too soon and valuable information wasn't shown to the rules editors.

• We’ve also increased the loading speed in our Product Studio by fetching information from each page individually as opposed to loading in the entire product build out in whole.

• We’ve synced up time used in our platform to the client’s setting section of the platform. 

• Integrated Partners - Updates

• We’ve got Equifax Commercial Bureau’s BCIR (Business Credit Industry Report) integrated and all the scores and variables from this credit bureau are ready to go.

• We have more integration from Equifax Commercial Bureau, We integrated with the PayNet APIs: Company Search, Credit History Report.

• We create a new Integrated Partner for PayNet CHR to separate the PDF generation call from the raw XML. These are apparently two separate products, sold separately.

KYB - Upgrades 

• We made some enhancements to the Portfolios so you can access search results and reports again after they’ve been saved into the Portfolio dockets.

• General Platform - Upgrades 

• In the Agent View (Applications) We give you the ability to download each application with all the data in tow.

• We also added a new way for Administrators to add sub-tenants that’s more intuitive. 

What’s Next?

Well, we have to wait a few more days for the Model Runtime Environment which will reside in our new Model Studio 2.0 which we just released. We needed to do this in sequence to preserve the sanity of our entire platform. We hope to show this important add-on to the new Model Studio.

In addition, our UI/UX sheep herders have moved onto a new pasture, our Agent View. This is also called Applications in our platform and we will have a kick a** update to our application view, you won’t want to miss it!

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, Academy, Podcast, Capital and our Weekly Newsletter. Introducing our new community LendAPI Marketplace Slack Channel.