Onyx IQ launches its end-to-end alternative lending platform

By Edlyn Cardoza

Onyx IQ has announced the launch of its data-driven alternative lending software. Designed for SME lenders looking to switch from complex legacy loan management systems to agile technology, the cloud-based lending platform is set to change the SME lending game. By offering lenders a single platform from which to monitor every essential process, Onyx IQ empowers alternative lenders to manage their entire lending business more effectively.

The platform allows lenders and funders to streamline their lending workflows, intelligently expediting the vetting and decisioning processes they depend on to minimise risk and close deals. Instead of working around the bottlenecks typical of legacy systems, lenders benefit from the speed and efficiency that comes with comprehensive lending automation.

Small business lending stakeholders – from company owners to partners to C-suite execs – will see a flood of benefits as their teams work smarter, faster, and smoother. From underwriting to collections, the Onyx IQ platform touches every job role, simplifying day-to-day tasks and helping organisations save big on both time and money.

Onyx IQ reduces complexity, eliminates repetitive tasks, and better allocates lending resources with collaborative, end-to-end process management.

“As a fintech company with specialist industry experience, we’re focused on giving small business lenders the tools to revolutionise the way they work,” said Elizabeth Schuerman, VP of Sales at Onyx IQ. “Lenders will start achieving better results, faster, with processes that traditionally take days now being actioned in a matter of clicks. We’re delighted to be able to help small business lenders grow and scale, and look forward to transforming the SME lending industry with a full-service platform that automates and enhances key elements of the lending process.”

Onyx IQ’s cloud-based lending software can be customised to meet each SME lender’s unique operational requirements so all lending activities can be effortlessly and securely managed within a single-platform solution.

With prebuilt workflows for underwriting, customisable scorecards, communication templates for collections, automatic updates of syndication funds, real-time performance data, and more, it also offers an industry-leading feature suite. Pre-integration with the entire ecosystem of partners needed by an SME lender rounds out all aspects of the lending process. Onyx IQ partners with the best in the industry to ensure its users benefit from exceptional service and functionality.