Inovatec Systems, a provider of a cloud-based software solutions for lenders, partnered with Jericho Information Technology, a provider of advanced data analytics solutions, to offer lenders “Inovatec Data Insights Powered by Jericho Analytics.” The new offering will enable lenders to leverage real-time, artificial intelligence-driven analytics to improve portfolio performance, mitigate risk and maintain compliance. These analytics capabilities can be accessed through APIs integrated into Inovatec’s LOS and LMS platforms.

Founded in 2007, Jericho Information Technology develops AI-centric analytics solutions for financial services organizations. The Dallas-based company’s varied analytics capabilities are offered to consumer lenders across North America, including banks, credit unions and finance companies.

“Lenders have embraced the intelligence use of real-time data analytics as a highly effective resource to improve all aspects of lending, from validating applicants to decisioning to reporting and compliance,” Bob Metodiev, head of business development for Inovatec, said. “Our partnership with Jericho Information Technology allows us to bring these compelling benefits directly to our customers. We anticipate that our lenders will lean heavily on the new ‘Inovatec Data Insights powered by Jericho Analytics’ feature. It will bring greater efficiency and profitability directly into their organizations and help them flourish in a highly competitive market.”

Inovatec’s cloud-based LOS, LMS and consumer direct technology enables lenders to streamline loan processing, decisioning and management with intelligent automation that can be configured to meet lender needs. The company’s solutions aim to give lenders the power to easily change workflows and utilize advanced features like analytics and alternative data.

“Inovatec has consistently demonstrated uncommon vision and creativity in bringing valuable solutions to the lending marketplace,” Dave McCune, president of Jericho Information Technology, said. “We are delighted to combine our efforts with Inovatec and help bring our suite of highly effective analytics capabilities to Inovatec customers across the United States and Canada.”