APIs can significantly boost your lending app by connecting it to external services like credit bureaus, identity verification, and fraud detection systems. For example, your app can use an API to instantly check if a borrower has defaulted on loans, appears on credit bureau blacklists, or has a fraud history. Instead of waiting hours or days for manual reviews, your system verifies these details in real time during the application. This way, you reduce risk, approve loans faster, and lend only to trustworthy customers.
Lendsqr offers these capabilities through our Adjutor API services, which provide tools for credit checks, blacklist screening, income estimation, and more all designed to help lenders make faster, safer decisions. You can sign up and start using these API service at https://adjutor.io
Read further: Integrating with Lendsqr Direct Debit APIs