- Alogent announced that it has acquired the FinanceGenius suite of lending software from IntelliEngines, Inc.
- The cloud-based software suite is now going to be marketed under the name Origins as part of the Alogent Lending family
Peachtree City, Georgia-based Alogent has announced that it bought the FinanceGenius suite of lending software from IntelliEngines, Inc. The cloud-based software suite — which will now be marketed under the name Origins as part of the Alogent Lending family — automates consumer lending and streamlines the loan origination process for financial institutions and retail lending. Origins is now available through Alogent. The terms of the deal were undisclosed.
“The addition of Origins to Alogent’s product portfolio naturally marries our digital banking and enterprise information management solutions,” said Alogent’s Chief Strategy Officer Jason Schwabline. “Cloud-based and mobile-ready, Origins is a turnkey and automated decisioning platform that embodies Alogent’s ‘user-first’ and channel-agnostic approach. Consumers choose how they want to engage – online, mobile, in-branch, or by phone – while financial institutions benefit from a streamlined and uniform workflow regardless of the channel of interaction.”
Alogent suite of services provides end-to-end payment processing, content management, digital banking, and loan origination technologies for financial institutions. There are more than 2,400 credit unions, community and regional banks, and some of the largest national, and international institutions that work with Alogent.
“The acquisition of the FinanceGenius suite expands Alogent’s footprint into more facets of the digital financial ecosystem,” added Alogent CEO Dede Wakefield. “By delivering end-to-end capabilities for intelligent loan origination, we’re opening new business opportunities for Alogent’s 2,400 financial institution partners and enabling them to maximize loan growth and profitability.”
The United States is considered the largest consumer in the world of loan origination software. And by addressing the full lifecycle of the loan starting with the origination to decisioning to underwriting, Origins simplifies the lending experience and strengthens customer/member relationships.
“The FinanceGenius software is a competitive cloud-based consumer lending product that has been deployed by financial institutions seeking to automate and streamline their operations,” explained IntelliEngines, Inc CEO Tejas Vakil. “Alogent’s commitment to innovation and user experience makes the addition of this suite to its technology stack a natural fit, and will position the company to be a leader in lending to financial institutions, as well as in the fast-growing segment of retail or point-of-sale lending.”
