When to pull live Secretary of State records and when cached data is enough: latency by state, refresh cycles, coverage limits, credit cost, and the audit evidence each option leaves behind.
Mercury Technologies, a prominent fintech neobank catering to startups and businesses, has severed its partnership with Evolve Bank & Trust
The Consumer Financial Protection Bureau (CFPB) is proceeding with its lawsuit against FirstCash Inc. for allegedly violating the Military Lending Act (MLA)
A core component of this verification is achieving high match rates when querying Secretary of State databases.
Manual verification processes are time-consuming, error-prone, and expose lenders to unnecessary risk.
Moving 6 Major Regional Offices Disrupting Lending Ecosystem
Verifying business legitimacy is a critical, yet often cumbersome, process.
Bad actor's legacy: prolonged industry pain
This confidence is reflected in the rising number of planned conversions, with over 71,000 units anticipated by 20254.
For alternative business lenders and institutional lending executives, the ability to make rapid, accurate decisions is the lifeblood of success.
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