Parlay Finance and First Internet Bank Join Forces to Modernize SBA Lending

Core Insights - Parlay Finance has partnered with First Internet Bank to implement an AI-native Loan Intelligence System (LIS) aimed at enhancing the efficiency of SBA lending operations and improving borrower experience [1][2]. Group 1: Partnership and Technology Implementation - The partnership addresses the challenge of increasing SBA demand, allowing First Internet Bank to scale operations without compromising on the relationship-first approach and rigorous underwriting standards [2]. - The implementation of Parlay's LIS is expected to lead to a 50% increase in efficiencies throughout the lending process [2]. Group 2: System Features and Benefits - Parlay's LIS combines AI with tailored automation to streamline the loan application process, enabling borrowers to receive real-time insights on their business health and application status [3][8]. - The system captures user-permissioned data, cross-references financial statements, validates documents, and provides AI-powered analysis, significantly reducing the time spent on manual tasks [3][5]. - Unlike traditional systems, Parlay's LIS builds institutional intelligence by capturing specific decision-making patterns, which can be scaled across organizations [4]. Group 3: Company Background and Market Position - First Internet Bank, a pioneer in branchless banking since 1999, is leveraging AI to enhance relationship banking and serve a larger number of small businesses [6][9]. - As of June 30, 2025, First Internet Bank has assets totaling $6.1 billion and offers a range of financial services including SBA financing and commercial loans [9].