Lama AI joins Mastercard Engage Partner Platform

Lama AI, a commercial lending technology provider, plans to join the Mastercard Engage Partner Platform to deliver better payments solutions. In particular, Lama will use Mastercard installments to help banks automate lending, according to a press release.

Lama AI has a particular focus on small-to-medium businesses and uses AI to help improve access to credit for those businesses. With the Mastercard network, Lama AI can integrate AI-powered loan origination processes and deliver targeted campaigns.

"We are delighted to be part of the Mastercard Engage Partner Program and to contribute to unlocking the potential of artificial intelligence and big data for accelerated growth," said Omri Yacubovich, co-founder and CEO of Lama AI, said in the release. "Our technology has already demonstrated to our bank partners that AI revolutionizes business lending. From onboarding to closing, Lama AI empowers financial institutions to transform their operations, reduce underwriting costs, enhance customer experiences, and accelerate growth winning back market share from alternative lenders."