Algebrik AI Partners with Carleton to Elevate Lending Accuracy and Compliance

NEW YORK--(BUSINESS WIRE)--Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world's 1st cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced a strategic partnership with Carleton, Inc., a leader in financial calculation and compliance solutions. This collaboration integrates Carleton’s robust payment calculation APIs into Algebrik’s cutting edge LOS platform, setting a new standard for accuracy, compliance, and operational efficiency in consumer lending.

Empowering Fluid Lending Experience

Through this partnership, Algebrik AI will leverage the CarletonCalcs® Loan Origination and Compliance APIs to deliver:

• Accurate Loan Calculations: Precise disclosure values, payment calculations, and credit insurance support tailored to diverse lending products.
• Compliance at Scale: Real-time validation of loans against state and federal regulations, a critical feature for indirect and direct consumer lending.
• Expanded Product Support: Seamless handling of loans across credit cards, home equity lines, auto loans, and more.

Pioneering Innovation in Lending

This partnership reflects Algebrik’s commitment to delivering a cloud-native, AI-powered, digital-era consumer lending platform that seamlessly supports direct and indirect lending. The collaboration ensures compliance across 1,000+ calculation methods, including credit insurance, disability, and GAP coverage, while adapting to lender-specific rules.

Leadership Perspectives

“Partnering with Carleton strengthens our ability to deliver a precise, compliant, and seamless experience for lenders,” said Pankaj Jain, Founder & CEO of Algebrik AI. “With Carleton’s advanced calculation and compliance capabilities embedded in Algebrik AI’s LOS, it is already fulfilling on its mission to deliver a unified lending platform to streamline processes across all stages of loan origination.”

Matt Ruszkowski, President & COO of Carleton, Inc. added, “Our partnership with Algebrik highlights the importance of accurate and compliant payment calculations in today's financial landscape. Together, we're empowering lenders with tools to increase efficiency and build trust from borrowers, thereby enhancing the lending journey.”

Looking Ahead

Algebrik AI and Carleton’s collaboration signals a shared commitment to innovation in financial services. By combining Carleton’s state-of-the-art APIs with Algebrik’s cloud & AI-native architecture, the platform provides lenders with dynamic tools for product configuration, seamless borrower experiences, and automated compliance. This integration is designed to scale efficiently, allowing lenders to introduce new products with minimal effort while ensuring accuracy and compliance at every step of the lending journey.

For more information on this partnership or how Algebrik AI and Carleton are transforming lending, visit https://www.algebrik.ai/ or www.carletoninc.com.

For latest on cutting edge lending technology & AI, follow Algebrik AI on Linkedin at: https://www.linkedin.com/company/algebrik-ai.

Or chat with the Algebrik AI team at: [e-mail].

About Algebrik AI, Inc.

Algebrik AI, headquartered in New York City is the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), designed for the next generation of borrowers / members. In an industry that hasn’t seen significant innovation in lending technology in over 25 years, it was high time that someone stepped in to help community financial institutions, auto lenders and financial institutions of all sizes regain their former glory. Algebrik AI’s mission is to empower lenders to attract, engage, grow, and retain next-gen members while staying competitive in today’s digital era. By transforming loan originations end-to-end, Algebrik AI takes on the heavy lifting, allowing lenders to focus on helping the borrowers / members & communities they serve. For more information, visit www.algebrik.ai.

About Carleton, Inc.

Carleton is the country's leading provider of financial calculation software, loan origination compliance support, and document generation software. With over 55 years of experience, our ongoing expertise and industry knowledge reaffirms why Carleton is a trusted partner. Founded in conjunction with the Truth In Lending Act, Carleton provides expert compliance support with continuous accuracy in all our calculations and disclosures at a state and federal level. To learn more about Carleton’s lending solutions, visit www.carletoninc.com or contact our sales team at [e-mail] or 574-243-6040 option #3.