-

Canopy Servicing and Moov Partner to Transform Loan Repayments for Lenders

DENVER--(BUSINESS WIRE)--Canopy Servicing, the leading commercial loan servicing platform, and Moov Financial, a leading provider of modern payment processing infrastructure, have joined forces to launch Canopy Repay, an integrated solution streamlining loan repayment operations for banks, non-bank lenders, and credit unions.

Combining Moov’s real-time payment capabilities with Canopy’s automated servicing technology, the partnership aims to deliver greater efficiency, reliability, and transparency in loan repayment processing.

Key Benefits of Canopy Repay:

  • Simplified Payment Workflows: Reduces reliance on legacy payment providers and simplifies lender integrations.
  • Enhanced Transaction Reliability: Leverages streaming architecture to reduce payment failures due to dropped or timed-out transactions.
  • Real-Time Insights: Provides a unified dashboard with up-to-date loan and payment statuses for improved operational visibility.

This collaboration reflects the growing importance of embedded finance in modernizing lending operations.

“Canopy Repay marks a major step forward in loan repayment operations,” said Matt Bivons, CEO of Canopy. “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.”

“Moov believes borrowers should have flexible repayment options,” says Wade Arnold, CEO of Moov. “Through our partnership with Canopy, we enable lenders to offer seamless ACH and card payments for a better borrower experience. Supporting card brands’ debt repayment programs also reduces interchange fees, benefiting both borrowers and lenders.”

Canopy Repay will be available to Canopy's client base of commercial lenders in June.

About Canopy Servicing

Canopy is transforming loan management with a cloud-native platform built for modern commercial lenders. By enabling rapid product launches, proactive risk management, and real-time borrower insights, Canopy empowers lenders to thrive in a dynamic financial landscape. Learn more at canopyservicing.com.

About Moov

Moov is a next-generation payments platform, born in the cloud and built from the network layer up to make payments easier for technology companies. With Moov, businesses accept, store, send, and spend money — all through one simple integration. Moov is driven by a give-first mindset and supports a thriving network of developers with open-source projects and a growing community. Discover how Moov can transform your payment operations at moov.io.

Contacts

Canopy Servicing


Release Versions

Contacts

More News From Canopy Servicing

Canopy Servicing Announces Partnership With Lendflow to Power Best-In-Class Lending Infrastructure and Embedded Credit Solutions

SAN FRANCISCO--(BUSINESS WIRE)--Canopy Servicing, the most configurable platform for loan management and servicing, today announced a partnership with Lendflow, the most powerful embedded credit platform and credit decisioning engine, to empower enterprise Fintechs, banks, credit unions, and non-traditional lenders to offer next-generation credit and lending products with best-in-class speed to market and execution. Embedded credit products are expected to surge to more than $7 trillion in tota...

Canopy Servicing Announces Referral Partnership with Marqeta to Power Configurable BNPL Solutions

SAN FRANCISCO--(BUSINESS WIRE)--Canopy Servicing, the most configurable platform for loan management and servicing, today announced a referral partnership with Marqeta, the global modern card issuing platform, to empower banks, credit unions, and enterprise Fintechs to offer next-generation installment and lending products with configurable BNPL solutions. Configurable installment products, such as Buy Now Pay Later payments, are increasingly popular with borrowers seeking clear and transparent...

Canopy Servicing Joins Visa Ready for BNPL to Enable Flexible BNPL Payments

SAN FRANCISCO--(BUSINESS WIRE)--Canopy, the most configurable platform for loan management and servicing, announced today it has joined the Visa Ready for BNPL program. Through its work with Visa solutions, Canopy enables BNPL installment payments on cards around the world. Visa’s portfolio of BNPL solutions include Visa Installments Solution (VIS), standalone credentials, as well as rails to support efficient B2B settlement. Lenders and merchants leveraging these solutions can expand acceptanc...
Back to Newsroom
  1. There was an issue with the authorization server. Please contact support if the issue persists.