Home > News > featured news > Lendio Announces the Beta Launch of Its Cloud-Based, Lender Technology Platform

Cloud App Development

Lendio Announces the Beta Launch of Its Cloud-Based, Lender Technology Platform

Lendio | February 24, 2022

Lendio Announces
Lendio, the nation’s leading small business financial solutions marketplace, announced the beta launch of its new lender-tech platform and loan origination software (LOS). This cloud-based platform will be the first to truly empower financial institutions with greater efficiency, speed and reduced risk while delivering a customer-centric and seamless experience for borrowers.

The LOS was developed to address specific pain points in business lending and allow Financial Institutions (FIs) to issue business loans at scale. The Lendio platform provides complete end-to-end LOS automated underwriting and eliminates the need for expensive manual loan processing, reducing costs and allowing FIs to expand the base of creditworthy customers.

“During the past two years and through PPP, we saw the challenges, inefficiencies, and inequities in business lending and the marketplace need for banks, lenders, and community development financial institutions (CDFIs) to have better lending solutions and technology to serve business customers, especially small businesses,” 

Lendio CEO Brock Blake

The technology’s beta launch is being coordinated with two of Lendio’s key partners from the Lendio Marketplace ecosystem of financial institutions. Each will have early access and provide feedback on features, workflows, roadmaps, and the customer experience.

Long-term, the lender-tech platform and LOS will become the foundation for a customer-centric product for banks, alternative lenders, and CDFIs seeking efficient and affordable underwriting solutions.

"We are overjoyed to enter the hands-on testing phase of our lender-tech platform after all of the work and dedication put into developing it," says Lendio Lender Tech & Services GM and Head of Corporate Strategy, Denada Ramnishta. "Working in collaboration with our FI partners and leveraging their input and insights will be key to fulfilling Lendio’s mission of making business lending efficient, seamless, and accessible to all business owners. We’re excited to rethink what’s possible for business lending."

Lendio anticipates an official launch of its lender-tech platform later in 2022.

About Lendio
Lendio is the nation’s leading online lending marketplace with a mission to make capital accessible to all small business owners in the U.S. Since its inception in 2011, Lendio has facilitated more than 300,000 small business loans and other financing options totaling over $12 billion. Lendio was named a Best Small Business Loan Of 2022 by Forbes Advisor, and has ranked on Fortune’s Best Workplaces in Financial Services & Insurance and Inc.’s Best Workplaces for three years running. In 2021, Lendio Gives, the company’s charitable giving program, exceeded $1 million in microloans to low-income entrepreneurs around the world.

Spotlight

The CIO Of 2025: Leading Technology-Driven Growth Across The Entire Organization

Important as the cloud already is, next-generation cloud and multicloud are expected to play even more important roles in the global, digital economy. In fact, 64% of CIOs believe that multicloud infrastructure will help accelerate innovation in their companies in the next few years.In a survey of more than 600 CIOs conducted by

More featured news

Spotlight

The CIO Of 2025: Leading Technology-Driven Growth Across The Entire Organization

Important as the cloud already is, next-generation cloud and multicloud are expected to play even more important roles in the global, digital economy. In fact, 64% of CIOs believe that multicloud infrastructure will help accelerate innovation in their companies in the next few years.In a survey of more than 600 CIOs conducted by

Related News

Cloud App Development, Cloud App Management, AWS Management

DealerTeam Shifts Gears to MariaDB Enterprise Server in the Cloud

Businesswire | August 01, 2023

MariaDB plc (NYSE:MRDB) today announced that DealerTeam, a cloud-based dealership management system built on Salesforce®, is driving MariaDB Enterprise Server in the cloud deployed on MariaDB SkySQL running on AWS. By selecting MariaDB Enterprise Server as a fully managed cloud database service, DealerTeam aids its car dealerships with a better process and workflow management by connecting all departments with a 360-degree view of any customer. DealerTeam provides the first cloud-based dealership management system built on the Salesforce Platform. The management system includes an enterprise resource planning (ERP) solution that brings together the dealership’s sales, finance, service and parts operation teams. By utilizing an automotive ERP solution, real-time data and insights unite the different dealership departments. As a result, dealerships can offer a superior, seamless car buying experience. DealerTeam upgraded its accounting application within its ERP solution from a self-managed MariaDB Community Server to fully managed MariaDB Enterprise Server in the cloud for its enterprise reliability, stability, and long-term maintenance. With this change, DealerTeam experienced enterprise uptime, improved performance, and quicker access to reporting, ultimately resulting in a more personalized customer experience. “DealerTeam recently merged with DealerStar to combine the advanced dealership accounting software built by industry expert Sandi Jerome with our platform-first product. Our initiative is to scale with confidence and SkySQL was a natural fit to facilitate our infrastructure growth,” said Jarrett Kuljis, founder of DealerTeam. “No other solution compared to MariaDB Enterprise Server in the cloud with SkySQL. The service quickly proved to be the best cloud deployment option for us. In addition to gaining automation and replication benefits, we are able to run the advanced workloads with dependable support.” By moving to a fully managed cloud database service, SkySQL, DealerTeam added new DevOps efficiencies, including the ability to create and provision resources on demand, automate testing and traditional DevOps lifecycle, handle regression testing and ultimately release products quicker. This additional agility gained from SkySQL helped move DealerTeam’s business forward, faster than ever before. MariaDB SkySQL is a fully managed multicloud database service for MariaDB Enterprise Server and MariaDB’s distributed SQL database, Xpand. SkySQL combines MariaDB MaxScale for automatic failover and a Kubernetes operator for self-healing with deep database expertise that makes customers unstoppable. About MariaDB MariaDB is a new generation cloud database company whose products are used by companies big and small, reaching more than a billion users through Linux distributions and have been downloaded over one billion times. Deployed in minutes and maintained with ease, leveraging cloud automation, our database products are engineered to support any workload, any cloud and any scale – all while saving up to 90% of proprietary database costs. Trusted by organizations such as Bandwidth, DigiCert, InfoArmor, Oppenheimer, Samsung, SelectQuote and SpendHQ, MariaDB’s software is the backbone of critical services that people rely on every day. Learn more at mariadb.com.

Read More

Cloud App Development, Cloud App Management, Cloud Deployment Models

Prosimo Disrupts MCN Market by Making Multi-Cloud Connectivity Free

Prnewswire | June 29, 2023

Prosimo launches Prosimo MCN Foundation, an industry-disrupting free Multi-Cloud Networking solution powered by its Cloud-Native Full Stack Platform. Prosimo has received accolades from Fortune 500 financial service companies and prominent enterprises for its exceptional cloud-native architecture. The MCN Foundation offering has garnered praise for its ability to deliver significant cost savings, surpassing $100,000 compared to commercial alternatives. By adopting this solution, businesses move to advanced MCN solutions from Prosimo that can achieve a remarkable 30-50% reduction in the total cost of ownership (TCO), potentially resulting in savings of millions of dollars. MCN Foundation Accelerates Cloud Adoption Enterprises progress through three key stages in their cloud journey. Stage 1 involves establishing reliable connectivity. In Stage 2, the focus shifts to supporting applications and services that utilize this connectivity. Finally, in Stage 3, enterprises genuinely reap the benefits of scalable cloud adoption. The current MCN solutions impose excessive time and financial burdens on enterprises due to complexities, lack of focus on applications/services, non-cloud-native operating models, and high licensing fees for Stage 1. These factors continue to hinder the Multi-Cloud Networking market's growth and slow cloud migration. The free MCN Foundation establishes itself as an undeniable starting point. As foundational Cloud Connectivity is delivered, Prosimo sets its sights on elevating the operating paradigm to the application layer and transitioning to a Service Networking environment. This transition enables seamless interconnectivity between applications and PaaS, addressing complex challenges like policy governance, segmentation, expediting app modernization, and optimizing cloud cost control. "Establishing a consistent, repeatable and scalable way to build connectivity to one or more public clouds and ensuring full end-to-end visibility in these environments are two of the biggest challenges for enterprises. Organizations must overcome the complex and cumbersome legacy connectivity solutions that require significant resources, time, and money to create a multicloud network. Prosimo MCN Foundation democratizes multicloud networking, accelerating the adoption and ability to scale connections to multiple public clouds, while also enabling enterprises to remain in full control of its infrastructure and focus on higher-value outcomes," said Bob Laliberte, Principal Analyst, Networking at ESG. "94% of enterprise cloud-native workloads run on multicloud environments and have the desire to increase agility to accelerate business velocity, according to our research. Solving cloud connectivity is a foundational requirement that makes cloud networking transparent and eliminates friction between cloud networking and DevOps, empowering them to work more collaboratively. This enables enterprises to focus on the application and allows DevOps to accelerate cloud migration and deliver innovations aligned with business goals. Prosimo MCN Foundation provides enterprise cloud journeys by enabling organizations to build consistent connectivity and policies across clouds and provides a NetDevOps-centric path for self-service onboarding of applications," said Paul Nashawaty, Principal Analyst, Infrastructure Modernization, Application Development and Modernization, at TechTarget Enterprise Strategy Group. Instant ROI with MCN Foundation "Enterprises are unfortunately stuck today in stage-1 of cloud networking - building network highways and cannot focus on real value - applications, services, and users. The customers who have adopted Prosimo have moved past the initial stages quickly and can rapidly innovate using cloud-native networking," said Ramesh Prabagaran, Co-founder and CEO at Prosimo. "30-50% savings is not something enterprises can ignore. Value is moving up the stack in cloud networking, and by democratizing MCN, we want to lead the charge to help enterprises get there quickly. Expect a lot of disruption in the market that is suppressed today by traditional approaches to cloud networking." About Prosimo Prosimo delivers a simplified multicloud infrastructure for distributed enterprise cloud journeys. Companies innovate faster and remain in control with the Prosimo integrated stack. This stack combines cloud networking, performance, security, observability, and cost management—all powered by data insights and machine learning models with autonomous cloud networking to reduce complexity and risk. Cloud-forward enterprises, including F100, have adopted Prosimo to successfully roll out revenue-generating applications, improve operational efficiency, and accelerate positive business outcomes. Prosimo is venture-backed by marquee investors such as General Catalyst, WRVI Capital, and Blackrock. For more information, visit https://www.prosimo.io.

Read More

Cloud App Development, Cloud App Management, Cloud Deployment Models

VIAVI Launches TM500 Cloud for O-RAN Testing at MWC Shanghai

Prnewswire | July 06, 2023

Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) has launched the TM500 Cloud, developed for testing cloud-deployed O-RAN components, at MWC Shanghai today. As operators increasingly deploy core network services in the cloud through hyperscalers and other cloud providers, the TM500 Cloud is designed to measure and mitigate any risks associated with the Quality of Service (QoS) for end users. The solution is applicable to typical O-RAN cloud deployment models, where the O-DU, O-CU, and core are all deployed in the cloud. The TM500 Cloud allows Network Equipment Manufacturers (NEMs) and operators to overcome risks associated with this new deployment model and ensures that they can deliver the same Key Performance Indicators (KPIs) and QoS for end users as they would see with traditional gNB and core network architectures. The TM500 Cloud can be used in alternative deployment scenarios: for example, private or public cloud. Also, in architectures where the 5G User Plane Function (UPF) is deployed close to the edge of the "Cloud RAN" to meet strict latency requirements, the TM500 Cloud could likewise be deployed to measure performance in those architectures. The solution evaluates critical KPIs such as throughput, latency, and round-trip time, ensuring no compromise in performance per user as more users are added. It also guarantees that quality measures for applications, such as voice, remain uncompromised. As the TM500 is already the de facto test instrument standard for most NEMs, the TM500 Cloud is expected to be a natural extension for them, as many NEMs look to deploy O-RAN network components in the cloud. Also, as operators increasingly engage with cloud providers, the solution provides assurance that the scale and cost advantages they experience through cloud deployment of network elements will not come with the risk of a negative experience for their users. "We are excited about the potential of the TM500 Cloud," said Stephen Hire, Vice President, Wireless Marketing and Partnerships, VIAVI. "It is no small feat to replicate the performance of physical hardware in the cloud, especially as measurement from the perspective of the end user has remained elusive. The TM500 Cloud is that missing link which allows operators to deliver the same KPIs and QoS as traditional networks while benefiting from the cost, elasticity and scale advantages of the cloud." VIAVI will be demonstrating the TM500 Cloud at stand N1.F111 at MWC Shanghai. About VIAVI VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, hyperscalers, equipment manufacturers, enterprises, government and avionics. VIAVI is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government and aerospace applications. Together with our customers and partners we are United in Possibility, finding innovative ways to solve real-world problems. Learn more about VIAVI at www.viavisolutions.com.

Read More

Cloud App Development, Cloud App Management, AWS Management

DealerTeam Shifts Gears to MariaDB Enterprise Server in the Cloud

Businesswire | August 01, 2023

MariaDB plc (NYSE:MRDB) today announced that DealerTeam, a cloud-based dealership management system built on Salesforce®, is driving MariaDB Enterprise Server in the cloud deployed on MariaDB SkySQL running on AWS. By selecting MariaDB Enterprise Server as a fully managed cloud database service, DealerTeam aids its car dealerships with a better process and workflow management by connecting all departments with a 360-degree view of any customer. DealerTeam provides the first cloud-based dealership management system built on the Salesforce Platform. The management system includes an enterprise resource planning (ERP) solution that brings together the dealership’s sales, finance, service and parts operation teams. By utilizing an automotive ERP solution, real-time data and insights unite the different dealership departments. As a result, dealerships can offer a superior, seamless car buying experience. DealerTeam upgraded its accounting application within its ERP solution from a self-managed MariaDB Community Server to fully managed MariaDB Enterprise Server in the cloud for its enterprise reliability, stability, and long-term maintenance. With this change, DealerTeam experienced enterprise uptime, improved performance, and quicker access to reporting, ultimately resulting in a more personalized customer experience. “DealerTeam recently merged with DealerStar to combine the advanced dealership accounting software built by industry expert Sandi Jerome with our platform-first product. Our initiative is to scale with confidence and SkySQL was a natural fit to facilitate our infrastructure growth,” said Jarrett Kuljis, founder of DealerTeam. “No other solution compared to MariaDB Enterprise Server in the cloud with SkySQL. The service quickly proved to be the best cloud deployment option for us. In addition to gaining automation and replication benefits, we are able to run the advanced workloads with dependable support.” By moving to a fully managed cloud database service, SkySQL, DealerTeam added new DevOps efficiencies, including the ability to create and provision resources on demand, automate testing and traditional DevOps lifecycle, handle regression testing and ultimately release products quicker. This additional agility gained from SkySQL helped move DealerTeam’s business forward, faster than ever before. MariaDB SkySQL is a fully managed multicloud database service for MariaDB Enterprise Server and MariaDB’s distributed SQL database, Xpand. SkySQL combines MariaDB MaxScale for automatic failover and a Kubernetes operator for self-healing with deep database expertise that makes customers unstoppable. About MariaDB MariaDB is a new generation cloud database company whose products are used by companies big and small, reaching more than a billion users through Linux distributions and have been downloaded over one billion times. Deployed in minutes and maintained with ease, leveraging cloud automation, our database products are engineered to support any workload, any cloud and any scale – all while saving up to 90% of proprietary database costs. Trusted by organizations such as Bandwidth, DigiCert, InfoArmor, Oppenheimer, Samsung, SelectQuote and SpendHQ, MariaDB’s software is the backbone of critical services that people rely on every day. Learn more at mariadb.com.

Read More

Cloud App Development, Cloud App Management, Cloud Deployment Models

Prosimo Disrupts MCN Market by Making Multi-Cloud Connectivity Free

Prnewswire | June 29, 2023

Prosimo launches Prosimo MCN Foundation, an industry-disrupting free Multi-Cloud Networking solution powered by its Cloud-Native Full Stack Platform. Prosimo has received accolades from Fortune 500 financial service companies and prominent enterprises for its exceptional cloud-native architecture. The MCN Foundation offering has garnered praise for its ability to deliver significant cost savings, surpassing $100,000 compared to commercial alternatives. By adopting this solution, businesses move to advanced MCN solutions from Prosimo that can achieve a remarkable 30-50% reduction in the total cost of ownership (TCO), potentially resulting in savings of millions of dollars. MCN Foundation Accelerates Cloud Adoption Enterprises progress through three key stages in their cloud journey. Stage 1 involves establishing reliable connectivity. In Stage 2, the focus shifts to supporting applications and services that utilize this connectivity. Finally, in Stage 3, enterprises genuinely reap the benefits of scalable cloud adoption. The current MCN solutions impose excessive time and financial burdens on enterprises due to complexities, lack of focus on applications/services, non-cloud-native operating models, and high licensing fees for Stage 1. These factors continue to hinder the Multi-Cloud Networking market's growth and slow cloud migration. The free MCN Foundation establishes itself as an undeniable starting point. As foundational Cloud Connectivity is delivered, Prosimo sets its sights on elevating the operating paradigm to the application layer and transitioning to a Service Networking environment. This transition enables seamless interconnectivity between applications and PaaS, addressing complex challenges like policy governance, segmentation, expediting app modernization, and optimizing cloud cost control. "Establishing a consistent, repeatable and scalable way to build connectivity to one or more public clouds and ensuring full end-to-end visibility in these environments are two of the biggest challenges for enterprises. Organizations must overcome the complex and cumbersome legacy connectivity solutions that require significant resources, time, and money to create a multicloud network. Prosimo MCN Foundation democratizes multicloud networking, accelerating the adoption and ability to scale connections to multiple public clouds, while also enabling enterprises to remain in full control of its infrastructure and focus on higher-value outcomes," said Bob Laliberte, Principal Analyst, Networking at ESG. "94% of enterprise cloud-native workloads run on multicloud environments and have the desire to increase agility to accelerate business velocity, according to our research. Solving cloud connectivity is a foundational requirement that makes cloud networking transparent and eliminates friction between cloud networking and DevOps, empowering them to work more collaboratively. This enables enterprises to focus on the application and allows DevOps to accelerate cloud migration and deliver innovations aligned with business goals. Prosimo MCN Foundation provides enterprise cloud journeys by enabling organizations to build consistent connectivity and policies across clouds and provides a NetDevOps-centric path for self-service onboarding of applications," said Paul Nashawaty, Principal Analyst, Infrastructure Modernization, Application Development and Modernization, at TechTarget Enterprise Strategy Group. Instant ROI with MCN Foundation "Enterprises are unfortunately stuck today in stage-1 of cloud networking - building network highways and cannot focus on real value - applications, services, and users. The customers who have adopted Prosimo have moved past the initial stages quickly and can rapidly innovate using cloud-native networking," said Ramesh Prabagaran, Co-founder and CEO at Prosimo. "30-50% savings is not something enterprises can ignore. Value is moving up the stack in cloud networking, and by democratizing MCN, we want to lead the charge to help enterprises get there quickly. Expect a lot of disruption in the market that is suppressed today by traditional approaches to cloud networking." About Prosimo Prosimo delivers a simplified multicloud infrastructure for distributed enterprise cloud journeys. Companies innovate faster and remain in control with the Prosimo integrated stack. This stack combines cloud networking, performance, security, observability, and cost management—all powered by data insights and machine learning models with autonomous cloud networking to reduce complexity and risk. Cloud-forward enterprises, including F100, have adopted Prosimo to successfully roll out revenue-generating applications, improve operational efficiency, and accelerate positive business outcomes. Prosimo is venture-backed by marquee investors such as General Catalyst, WRVI Capital, and Blackrock. For more information, visit https://www.prosimo.io.

Read More

Cloud App Development, Cloud App Management, Cloud Deployment Models

VIAVI Launches TM500 Cloud for O-RAN Testing at MWC Shanghai

Prnewswire | July 06, 2023

Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) has launched the TM500 Cloud, developed for testing cloud-deployed O-RAN components, at MWC Shanghai today. As operators increasingly deploy core network services in the cloud through hyperscalers and other cloud providers, the TM500 Cloud is designed to measure and mitigate any risks associated with the Quality of Service (QoS) for end users. The solution is applicable to typical O-RAN cloud deployment models, where the O-DU, O-CU, and core are all deployed in the cloud. The TM500 Cloud allows Network Equipment Manufacturers (NEMs) and operators to overcome risks associated with this new deployment model and ensures that they can deliver the same Key Performance Indicators (KPIs) and QoS for end users as they would see with traditional gNB and core network architectures. The TM500 Cloud can be used in alternative deployment scenarios: for example, private or public cloud. Also, in architectures where the 5G User Plane Function (UPF) is deployed close to the edge of the "Cloud RAN" to meet strict latency requirements, the TM500 Cloud could likewise be deployed to measure performance in those architectures. The solution evaluates critical KPIs such as throughput, latency, and round-trip time, ensuring no compromise in performance per user as more users are added. It also guarantees that quality measures for applications, such as voice, remain uncompromised. As the TM500 is already the de facto test instrument standard for most NEMs, the TM500 Cloud is expected to be a natural extension for them, as many NEMs look to deploy O-RAN network components in the cloud. Also, as operators increasingly engage with cloud providers, the solution provides assurance that the scale and cost advantages they experience through cloud deployment of network elements will not come with the risk of a negative experience for their users. "We are excited about the potential of the TM500 Cloud," said Stephen Hire, Vice President, Wireless Marketing and Partnerships, VIAVI. "It is no small feat to replicate the performance of physical hardware in the cloud, especially as measurement from the perspective of the end user has remained elusive. The TM500 Cloud is that missing link which allows operators to deliver the same KPIs and QoS as traditional networks while benefiting from the cost, elasticity and scale advantages of the cloud." VIAVI will be demonstrating the TM500 Cloud at stand N1.F111 at MWC Shanghai. About VIAVI VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, hyperscalers, equipment manufacturers, enterprises, government and avionics. VIAVI is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government and aerospace applications. Together with our customers and partners we are United in Possibility, finding innovative ways to solve real-world problems. Learn more about VIAVI at www.viavisolutions.com.

Read More

More featured news