Synctera has teamed up with LoanPro, a lending and credit platform provider, to create an integrated solution that helps companies launch banking and credit card products.

Previously, firms interested in delivering both deposit and credit services faced either the complexity of assembling solutions from numerous vendors or opting for pre-packaged offerings that limited their ability to customize experiences or integrate additional features.

The collaboration between Synctera and LoanPro is designed to address these challenges by offering a flexible framework that allows businesses to cater to specific customer needs while maintaining control over product design and operational processes.

Enhancing Credit Solutions

Synctera seeks to act as a central hub for financial ecosystems, offering customizable banking solutions tailored to diverse market segments including nonprofits and international students.

By integrating LoanPro’s credit and loan servicing technology into its platform, Synctera provides an all-in-one system enabling companies to streamline the development of both banking and credit products through unified API access. This partnership also enables a consolidated view of user data across deposit and credit products in a single ledger, granting full transparency to sponsor banks throughout the program lifecycle.

Using this solution, organizations can boost operational efficiency by managing compliance and operational tasks such as credit decisioning and loan servicing via Synctera’s console. As the use of credit cards expands, fintech companies and SaaS providers are increasingly offering credit card services to meet growing consumer demand.

With deeper customer insights, clients can introduce flexible spending controls, dynamic fees, and customized interest rates, as well as tailor rewards programs that align with their unique business or lifestyle preferences. Additionally, the integration allows for seamless and personalized user experiences across various platforms.