Akouba: Small Business Loan Origination Platform


Akouba "Akouba was chosen because they have established an effective and reliable platform for banks to execute the business lending process quickly, efficiently, and profitably while also delivering a great customer and banker experience."
– Bryan Luke, Chairman of ABA’s Endorsed Solutions Banker Advisory Council and
President and COO, Hawaii National Bank Honolulu


Special ABA Member-Advantaged Pricing Available


In the small business lending space, banks struggle to deliver loans quickly, conveniently, and profitably.  Akouba understands these and other challenges banks have originating small business loans. That’s why Akoubas's secure cloud-based SaaS platform has been designed and built to reduce end-to-end time, increase profits and give both customers and bankers a much better experience, all while using the individual bank’s own unique credit policy and risk metrics.

Akouba’s platform is an extremely “bank friendly” end-to-end lending solution built with the best and most modern practices in software. The platform’s strength is in its ability to efficiently gather and aggregate “more and better” data, and streamline loan workflow from application to funding.  The result is more profitable loan portfolio growth, increased cross sale penetration, and increased new relationship acquisition.
 
 


 

 Solutions

 

Small Business Loan Origination Platform


 

Akouba’s endorsed small business lending platform is an end-to-end solution for financial institutions.Gain more profitable loan portfolio growth, increased cross-sale penetration, and increased new relationship acquisition using the Akouba solution for small business loan origination. The platform is:
  • An extremely “bank friendly” white labeled end-to-end lending solution
  • Built with the ability to efficiently gather and aggregate “more and better” data
  • Equipped to streamline loan workflow from application to funding

Key Features

  • Secure Omnichannel Application Borrow Login and Portal
    • Borrowers can complete an application on their own, with their banker, in multiple sessions or all at once
    • Portal is used after submission, throughout the remainder of the lending process to accept terms, provide additional documents and ultimately close the loan digitally.
    • Helpful Hints for Hard Questions
    • Borrowers can Securely and Privately Add Additional Owners easily
  • Dedicated Secure Omnichannel Banker Portal
    • Pipeline View and Lead Generation
    • Automated Document Requests, automatically send out requests for documentation
    • Robust Analytics
    • Workflow Tracking
    • Risk Rating & Financial Analysis
    • Banks retain total control over their risk profile and the data is presented in a way that enables the underwriting team to quickly assess credit worthiness.
    • Uncover more opportunities by enabling your bankers to discover cross selling opportunities
  • Secure Document Uploads
  • Risk Rating adn Financial Analysis
  • Transfer Data to LaserPro
  • Automated Document Management
  • 4506T Tax Transcript Feature
  • Akouba’s platform is web accessibility certified and is enhanced and optimized to conform with the informative guidance provided by the Web Content Accessibility Guidelines (WCAG) 2.0 Level Success Criteria, providing access to those with low vision or no vision.

Learn more about what the Small Business Loan Origination Platform solution can do for you: www.akoubacredit.com/aba

Akouba Now Platform

Akouba Now is the omnichannel application portion of the Small Business Loan Origination Platform. Akouba Now is an easy-to-use cloud-based solution that can digitize financial institutions' onboarding application process within days of purchase while keeping your bank’s current systems in place.
  • Dynamic Modular Application
  • White Labeled
  • Document Upload
  • View Leads
  • Export

Digital Application Features

  • The Modular Application design uses game theory to increase application completion rates.
  • Dynamic Questions that reduce borrower confusion and application completion time by asking top level questions then, digs down deeper to discover additional details when necessary.
  • Optical Character Recognition (OCR) technology; scanned data can be digitized and parsed out into the appropriate place so a computer can perform its comprehensive analysis.
  • Transfer Data to LaserPro with one click means a truly automated end-to-end functionality, reducing the threat of information getting entered incorrectly and eliminates time rekeying information.
  • 4506T Tax Transcript Signature is used in the Akouba application to dynamically pull tax return data that is secure, accurate, and quickly collected.
  • Akouba’s platform is web accessibility certified and is enhanced and optimized to conform with the informative guidance provided by the Web Content Accessibility Guidelines (WCAG) 2.0 Level Success Criteria providing access to those with low vision or no vision.

Borrower Portal Features

  • Secure Borrower Login & Portal allows borrowers to complete an application on their own or with the help of their banker, in multiple sessions or all at once. The Portal is also used after submission, throughout the remainder of the lending process to accept terms, provide additional documents and ultimately close the loan digitally. 
  • Borrowers & Bankers Can Securely Upload Documents, reducing the time spent manually sharing documents.
  • Helpful Hints for Hard Questions reduce the friction between the borrower and completing an application which reduces the time answering phone calls on common questions, helping the borrower get through the application process on their own, increasing overall productivity.
  • Add Additional Owners easily; borrowers can easily ask their business partners to fill out an application and upload their necessary documentation securely and privately.

Dedicated Banker Portal Features

  • Automated Document Requests, automatically send out requests for documentation and continues to do so until the required information has been collected, freeing up back office staff to focus on high priority tasks.
  • Pipeline View & Lead Generation See what’s around the corner, bump up your marketing ads and push more people through the pipeline.
  • Robust Analytics give your staff the ability to track how many people are viewing, starting, and completing your application, so they can do a better job forecasting the week ahead.
  • Workflow Tracking gain visibility into the loan process that has been completed so everyone can stay on track and know what’s coming their way accelerating the loan’s end-to-end time.
  • Risk Rating & Financial Analysis: Akouba’s platform collects and aggregates all of the data the bank needs to decision a loan, then compares that data to the bank’s unique credit policy and risk rating metrics. 
  • Banks retain total control over their risk profile and the data is presented in a way that enables the underwriting team to quickly assess credit worthiness
  • Uncover more opportunities to help the client beyond the loan request by using data within the portal is to gain valuable insights into the business, enabling the banker to ask great questions and discover cross selling opportunities. 

Learn more at: www.akoubacredit.com/akoubanow


 

 Provider

 

Akouba

Akouba IS NOT a lender.  Akouba is a secure tech-only, digital end-to-end platform that allows banks to take a business loan from app to closing, online.
 
With Akouba, banks continue to use their money, their credit policy, and risk-rating metrics while continuing to build relationships with their customers. Akouba just provides the technology to help them get SMB deals done faster, more efficiently, and more profitably, while enhancing both the customer and banker experience.
 


 
 
 

 Benefits

 
  • Reduced End-To-End Time for both the customer and banker, maximizing efficiencies of both front and back office staff with most banks experiencing up to a 66% decrease in end to end time.

  • Increased Profits by enable the bank to make loans that are otherwise unprofitable and cost prohibitive to process for example our clients are experiencing a reduction in cost per loan booked of more than 50%.

  • Better Experience for borrowers and staff, borrowers benefit from faster end to end time, quicker access to the capital they need, and the added convenience and flexibility of omni-channel access while staff are able to leverage the data to more comprehensively serve their client needs resulting in both maximized customer and banker retention.

  • Immediately Capture Lead Information for use in marketing efforts including retargeting.

  • Automated Document Management means there is one central location where all documents live and can be referenced in any calculations that are made by the platform or any of your analysts.

  • Your Customers, Your Policies, Your Money… Akouba's Technology because Akouba knows banks are the best at building relationships, originating loans, and providing reasonable financing solutions.

  • A dedicated Account Representative who will serve as the liaison between the bank and Akouba to ensure consistent communications and ongoing relationship development.

  • Seamless Feature Updates & Improvements due to Akouba’s  cloud based, SaaS structure including ongoing updates for feature releases, user experience updates, bug fixes and industry regulation updates.

  • Ongoing Relationship with your bank and staff to discover what areas we can improve to increase successful and completed applications.
Learn more at: www.akoubacredit.com/aba
 

 Resources

 

 


 
 

 Contacts

 

​ABA Contacts


Akouba Contact


 

 Due Diligence Report

 

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 Learn About Endorsed Solutions

 

In a rapidly changing landscape, banks turn to the proven expertise of ABA Endorsed Solutions for the most advanced technologies and products to grow their business, cut costs and transform the customer experience.
​Questions? Contact Helen Sullivan at (202) 663-5167.