Point of Sale Financing and Lending Platform

Save time by leveraging third-party expertise.

What is White Label Banking?

White label banking is when financial institutions provide third parties access to proprietary application program interfaces (APIs) to create custom financial products. These services offer a smooth, company-branded front-end while employing the institution's technology on the back-end.

This process means that:

• Customers receive immediate approval at the point-of-sale (POS)
• Borrowers receive a simple installment loan repayment plan
• Lenders and borrowers receive automated balance and “payment due” notifications to prevent delinquencies

How Can Skeps' White-Label Approach Help You?

You need dependable tools and applications to offer excellent lending services. Our white-label engagements provide you with those tools by shifting development, design, and security protocols to a third-party developer, allowing you to focus on what matters most: servicing your customers.

Those technical pieces and features include:

• Bank-specific customization
• Full suite of connectors for merchant partners
• Dashboard for real-time credit model updates
• Settlement services
• Ongoing support

Get borrowers approved faster.

In a dynamic installment loan marketplace, lenders are moving swiftly to integrate technology that provides pre-approval automation before check out, improving cost-effectiveness and loan approval time.

Benefits of Pre-Approval

A pre-approval process with the capability to provide offers before the customer arrives at cart, combined with a best in class customer experience at POS can:

• Offer more transparency
• Cut transactional expenses
• Integrate to any customer-facing channel
• Automate processes and decrease the need for human intervention

What makes our Pre-Approval Unique?

We digitized the same seamless process that is used to deliver a pre-approved credit card to your mailbox.

This patented technology allows for:

• Offers are presented when consumers log in to a merchant site
• Removes the stress of the application process and reduces declines
• Loan options can be offered across multiple channels

Shifting your pre-approval to earlier in the POS process can take you one step closer to fully integrated automation, increasing approval rates and driving more revenue.

More financing options mean more business.

Multiple Loan Offers

No two customers are the same, and some will secure acceptable financing terms easier than others. Therefore, it is often in merchants' best interests to offer multiple financing solutions to meet the needs of varying credit types.

Our simultaneous evaluation brings multiple lending models to the point of sale. This helps customers of all shapes and sizes easily find the lending options that best fit their needs.

More options expanded opportunities, and potentially flexible repayment terms mean merchants can approve a significantly higher percentage of applicants. More approvals mean fewer abandoned carts, higher conversion rates, higher average order value (AOV), and improved customer loyalty.