Alogent, a Peachtree Corners-based software company that designs technology solutions for fintech companies, has acquired the consumer lending software assets of IntelliEngines, an Austin-based company that designs AI business automation platforms.
FinanceGenius, the cloud-based suite of lending software from IntelliEngines, will now be marketed under the new name Origins, as part of Alogent’s lending business, according to a news release. The service automates consumer lending and streamlines the loan origination process for financial institutions and retail lending. Terms of the deal were not disclosed.
“The FinanceGenius software is a competitive cloud-based consumer lending product that has been deployed by financial institutions seeking to automate and streamline their operations,” Tejas Vakil, CEO of IntelliEngines, said in a statement. “Alogent’s commitment to innovation and user experience makes the addition of this suite to its technology stack a natural fit, and will position the company to be a leader in lending to financial institutions, as well as in the fast-growing segment of retail or point-of-sale lending.”