Finatext Partners with Merpay to Transform Income Verification through SaaS API
Finatext, a fintech company based in Chiyoda, Tokyo, has taken a significant step toward enhancing financial technology solutions by partnering with Merpay to integrate the income verification module of their SaaS credit system, 'Crest', via API. This development is aimed at realizing embedded financial services by streamlining the income verification process, thus facilitating smoother loan applications and approvals.
The 'Crest' system offered by Finatext is designed to digitalize various business operations essential for lending services. Its flexibility and scalability allow for specific functions to be API-driven, accommodating the unique requirements of partners like Merpay. By utilizing artificial intelligence and optical character recognition (OCR) technology, the income verification module efficiently digitizes the collection and verification of income documentation.
Merpay, which is also headquartered in Tokyo, has adopted this innovative module for its 'Merpay Smart Money' service, which offers small loans based on user activity and history within the popular 'Mercari' marketplace. With this seamless integration, users will experience a more convenient and fluid borrowing process without the traditional bottlenecks associated with income verification.
Finatext's CEO, Akane Kinoshita, emphasized that this collaboration marks a significant milestone for both companies, highlighting the ongoing transformation of the lending industry through technology. 'As we advance our offerings, we are committed to enhancing the functionality of our income verification module and supporting Merpay's digital transformation initiatives,' Kinoshita stated.
The partnership is set to not only support Merpay but also to contribute to a broader change in how financial services are delivered in the digital age. By refining traditional processes and making them more accessible, Finatext aims to align financial services closer to everyday life.
Looking ahead, Finatext plans to further enhance the capabilities of the income verification module and will continue to provide additional API services for various modules within the 'Crest' system. Through these efforts, Finatext remains at the forefront of facilitating digital innovation in lending, ensuring that both financial institutions and users benefit from a more integrated financial ecosystem.
In summary, the collaboration between Finatext and Merpay not only demonstrates the power of technology in enhancing financial services but also marks a significant step towards a future where such services are deeply embedded in our daily activities. Finatext is dedicated to its mission of reinventing finance as a service, making it more relevant and accessible to the end-users.
For more information about the 'Crest' system and its modules, you can visit Finatext's official website. Additionally, Finatext Holdings is listed on the Tokyo Stock Exchange with the securities code 4419 and continues to expand its reach and influence in the fintech sector.
Finatext Group aims to reshape financial services by introducing next-gen financial infrastructure designed to facilitate embedded finance solutions. With a customer-centric approach, they partner with businesses to develop innovative financial services. The group's respective subsidiaries include Finatext, Nowcast, Smartplus, and Smartplus Short-Term Insurance, each contributing to this mission.
Finatext's commitment to innovation reflects in their extensive portfolio, including collaborations with major financial institutions to develop next-generation financial products, thereby reinforcing their vision for a world where finance is more in sync with daily life.
The 'Crest' system offered by Finatext is designed to digitalize various business operations essential for lending services. Its flexibility and scalability allow for specific functions to be API-driven, accommodating the unique requirements of partners like Merpay. By utilizing artificial intelligence and optical character recognition (OCR) technology, the income verification module efficiently digitizes the collection and verification of income documentation.
Merpay, which is also headquartered in Tokyo, has adopted this innovative module for its 'Merpay Smart Money' service, which offers small loans based on user activity and history within the popular 'Mercari' marketplace. With this seamless integration, users will experience a more convenient and fluid borrowing process without the traditional bottlenecks associated with income verification.
Finatext's CEO, Akane Kinoshita, emphasized that this collaboration marks a significant milestone for both companies, highlighting the ongoing transformation of the lending industry through technology. 'As we advance our offerings, we are committed to enhancing the functionality of our income verification module and supporting Merpay's digital transformation initiatives,' Kinoshita stated.
The partnership is set to not only support Merpay but also to contribute to a broader change in how financial services are delivered in the digital age. By refining traditional processes and making them more accessible, Finatext aims to align financial services closer to everyday life.
Looking ahead, Finatext plans to further enhance the capabilities of the income verification module and will continue to provide additional API services for various modules within the 'Crest' system. Through these efforts, Finatext remains at the forefront of facilitating digital innovation in lending, ensuring that both financial institutions and users benefit from a more integrated financial ecosystem.
In summary, the collaboration between Finatext and Merpay not only demonstrates the power of technology in enhancing financial services but also marks a significant step towards a future where such services are deeply embedded in our daily activities. Finatext is dedicated to its mission of reinventing finance as a service, making it more relevant and accessible to the end-users.
For more information about the 'Crest' system and its modules, you can visit Finatext's official website. Additionally, Finatext Holdings is listed on the Tokyo Stock Exchange with the securities code 4419 and continues to expand its reach and influence in the fintech sector.
About Finatext Group
Finatext Group aims to reshape financial services by introducing next-gen financial infrastructure designed to facilitate embedded finance solutions. With a customer-centric approach, they partner with businesses to develop innovative financial services. The group's respective subsidiaries include Finatext, Nowcast, Smartplus, and Smartplus Short-Term Insurance, each contributing to this mission.
Finatext's commitment to innovation reflects in their extensive portfolio, including collaborations with major financial institutions to develop next-generation financial products, thereby reinforcing their vision for a world where finance is more in sync with daily life.
Topics Business Technology）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.