Glossary of Terms

System of Intelligence

Definition

A System of Intelligence is an AI-powered platform that integrates data, analytics, and decisioning tools to provide real-time insights and automate complex processes in lending. Unlike traditional loan origination systems (LOS), a System of Intelligence continuously learns and adapts, enhancing both borrower and lender outcomes.

Why is it important to SBA Lending

Lenders relying on static decision models often face challenges such as:
-Slow and inconsistent loan approvals due to manual processing.
-Limited access to behavioral insights, leading to missed lending opportunities.
-Inability to scale due to rigid, outdated underwriting frameworks.

By implementing a System of Intelligence, lenders can automate underwriting and risk assessment based on dynamic borrower data, leverage AI-driven insights to improve loan match rates and continuously optimize lending strategies based on real-time performance data.

What role does Parlay Play

Parlay’s Loan Intelligence System (LIS) serves as a System of Intelligence by:
-Aggregating and analyzing borrower data to provide actionable insights.
-Enhancing underwriting precision with machine learning models.
-Identifying cross-sell opportunities and predicting borrower lifetime value.

By acting as a System of Intelligence, Parlay helps lenders increase efficiency, reduce risk, and maximize profitability in small business lending.