Peach

This morning, we’re proud to announce our partnership with Pipe—providing key infrastructure to help power Pipe’s working capital solutions. It’s an exciting time for Pipe, who recently announced an expanded capital-as-a-service solution, as well as an agreement with two major capital providers—enabling it to fund more than $1 billion in originations through its capital-as-a-service offering. One of our key differentiators at Peach is our API-first and fully configurable architecture. We configured this product in a single week, and Pipe had their production instance up and running in under two months—dedicating just two engineers. Read the full press release to learn more about our partnership: https://lnkd.in/g4TBtJRE

The Consumer Financial Protection Bureau's new interpretive rule on #BNPL is set to take effect in under 60 days. In this blog post, we take a look at the rule’s new requirements for BNPL providers as well as the approach we’ve taken at Peach to address them. In brief, the new rule requires BNPL lenders to issue periodic billing statements, investigate and resolve disputes, and credit refunds to users’ accounts. Read the full blog post for more detail: https://lnkd.in/g9YfRvae

Tomorrow, May 21, we’ll be arriving at FinovateSpring in San Francisco to meet with some of today’s most innovative lenders. If you’ll be there, reach out and let’s connect. Some topics we’d love to discuss: • How AI is starting to change the servicing landscape and how you can be prepared • The advantages of running your lending portfolio on one servicing platform • Why having APIs is not the same thing as API-first infrastructure • How our 250+ product configuration variables help you stay truly nimble • The importance of compliance-first servicing technology  • How first-party collections capabilities can minimize your delinquencies • How end-to-end servicing technology increases operational efficiency • How to easily and compliantly make retroactive changes to your ledger • How to leverage Peach’s industry-leading approach to portfolio migrations • And much more Send us a message through the FinovateSpring app, connect with Noah Trugman or Thaddeus Jordan, or book a meeting with us: https://lnkd.in/gawprazq We look forward to seeing you at the show!

Thanks to GGV Capital U.S. for recognizing Peach in their Fintech Innovation 50 for 2024. We’re pleased to be honored alongside leading innovators like Stripe, Plaid and Ramp. And we’re just getting started—our 2024 roadmap is full of leading-edge work that we look forward to sharing soon. To learn more about the #FintechInnovation50 and to see the full list of honorees, visit https://lnkd.in/eJ6fjH3K #fintech #innovation #FI50

As we ring in the new year, a big thanks to our clients, partners, teammates and friends for the role you’ve played in making 2023 such a successful year. We’re making meaningful strides toward a more technology-forward lending industry, and we look forward to continuing this momentum with you in 2024. Wishing all of you a happy and successful new year. #celebrate #fintech #lending #innovation #happynewyear

Peach CEO Eddie O. sat down with Financial IT for their Winter Edition 2023 to talk about Peach’s leadership role in applying generative AI to loan servicing. In their Q&A, Eddie covered the opportunities generative AI is creating in the loan servicing space, how AI is being incorporated into Peach's cutting-edge platform, and how predictive and generative AI can work together to make smarter and faster underwriting decisions. Read the full Q&A in the Financial IT Winter Edition: https://lnkd.in/eG9pqwgr #ai #finance #lending

Our latest AI-powered innovation, Case Notes Summarization, is designed to increase agent productivity by reducing time spent reviewing case histories in the Peach CRM. This is especially important in the context of collections, where it’s typical for multiple agents to work a single case and where cases may contain dozens or even hundreds of notes. In this blog post, Peach software engineer Arash Saeidpour, Ph.D. walks us through the ins and outs of Case Notes Summarization, from objectives to tools to testing. Because we’ve built our servicing tech in-house and in an API-first manner—and because our platform fully integrates loan management, servicing, collections and compliance—Peach is uniquely positioned to help lenders quickly realize the benefits of generative AI. Read the blog post for more details: https://lnkd.in/gNAJfUAd #ai #lending #innovation

Peach has partnered with Lendable to power their installment and revolving credit products in the U.S. We’re proud to support Lendable as they expand into new geographies. Lendable selected Peach in part because they prioritized a platform that’s agnostic to asset class and can support a broad portfolio of lending products. Also important were flexible first-party collections capabilities, robust investor reporting features, and out-of-the-box omnichannel communications tools and templates. Read the full press release for more details on the partnership and on how our Self-Service Portfolio Migration™ exceeded expectations in enabling Lendable to migrate their existing portfolio onto Peach: https://lnkd.in/ghqATxBR #lending #partnership #innovation #money2020

At Peach, our promise to lenders is to deliver technology that stays ahead of the curve. That’s why we’re excited to announce that we’re working with Google Cloud to deliver generative AI-driven loan servicing innovations that will help lenders increase operational efficiency and improve the servicing experience for agents and borrowers alike. To learn more about what we have planned, read the full article on Morningstar: https://lnkd.in/gvVfFac7 #ai #lending #innovation #money2020

In 10 days, we’ll be heading to Vegas for Money20/20. Book a meeting with us—or stop by Booth 6552. Some topics we’d love to discuss: • How you can quickly launch new lending products in virtually any asset class • How our 200+ product configuration variables help you truly stay nimble • How a fully integrated servicing platform helps you minimize delinquencies • How to easily and compliantly make retroactive changes to your ledger • How to leverage Peach’s industry-leading approach to portfolio migrations Look forward to seeing you at the show! Book a meeting: https://lnkd.in/dfjj534v #lending #innovation #fintech #banks #Peach #Money2020