OLYMPIA, Wash.–QCash Financial, a provider of automated, cloud-based, mobile lending products for financial institutions, announced the launch of the latest version of its digital lending platform, QCash V5.0, which it said further extends the solution’s ability to provide greater flexibility when offering short-term loans.
The latest version of the QCash platform offers improved product functionality and performance with added features such as Spanish language support for web, mobile channels and loan documentation, to provide an enhanced member experience, the company said.
“QCash V5.0 conveniently presents an on-screen consolidated summary of loan disclosure details to the borrower prior to loan acceptance,” the company said, adding it also updated the platform’s user interface and now allows applicants to choose the product and loan amount rather than requiring the user to select a loan product at the start of the application, resulting in a faster, easier mobile experience.
QCash Financial said to increase workflow efficiency it removed steps in the loan application process and has automated the payment process by scheduling monthly disbursements from the borrower’s checking account. In addition, infrastructure enhancements like geo-redundancy ensure availability and reliability across geographic regions, while new reporting features provide improved loan status clarity and information.
“These changes are based on feedback from our users and enable us to identify enhancements that streamline and simplify the users’ experiences,” said Ben Morales, CEO of QCash Financial.