SecureLend Inc announced the commercial launch of its AI-powered lending platform, designed to make loan origination up to 10× faster and 60% more cost-efficient for community banks, factoring companies, and alternative lenders. The Delaware-based fintech is the first to introduce a large language model (LLM)-agnostic architecture, enabling institutions to switch seamlessly between OpenAI, Anthropic, Google Gemini, DeepSeek, and others—eliminating vendor lock-in.

Global technology consultancy Devoteam is reviewing SecureLend's AI credit scoring capabilities as part of Amazon Web Services' AI Accelerator Program, placing SecureLend among a select group of enterprise-scale AI solutions under evaluation.

Community banks face mounting pressure from digital-first competitors. Over decades, their share of banking assets has halved, and in key segments like small business lending, digital challengers now capture 30–50% of new business annually (FDIC). Without modernization, losses could reach double-digit declines per year.

A Freddie Mac study estimates manual mortgage origination costs around $11,600 per loan, driven by document verification and underwriting. SecureLend automates these workflows end-to-end—from AI-powered borrower communication to credit memo generation—reducing costs and accelerating processing.