Canopy Servicing & Moov Launch Canopy Repay for Seamless Loan Repayment
Slice of Finance Team
02/16/2025
Key Highlights:
- Simplified Payment Workflows – Eliminates reliance on legacy payment providers, streamlining lender integrations.
- Enhanced Transaction Reliability – Utilizes streaming architecture to reduce payment failures.
- Real-Time Insights – Unified dashboard with up-to-date loan and payment statuses for better visibility.
- Flexible Repayment Options – Supports seamless ACH and card payments while reducing interchange fees.
Source: Business Wire
Quotes
“ “Canopy Repay marks a major step forward in loan repayment operations. By integrating Moov's payment expertise with our servicing platform, we're equipping lenders with a seamless, scalable solution to improve borrower experiences and boost revenue.” ”
Matt Bivons, CEO at Canopy Servicing
Why This Matters:
The launch of Canopy Repay highlights the increasing role of embedded finance in modernizing loan repayment. By integrating Moov’s real-time payment capabilities with Canopy’s automated servicing platform, this solution enhances efficiency, reliability, and transparency for commercial lenders. With availability starting in June, lenders can expect faster payment processing, reduced transaction failures, and improved borrower satisfaction—all key factors in today’s competitive lending landscape.
