How Quantum Lending Solutions cut verification costs by 35%
When a new investment triggered a platform migration, Quantum Lending Solutions opened up every vendor agreement for reassessment. The legacy KYB provider didn't survive the comparison. Enigma delivered higher match rates, lower cost, and a partnership that scaled with the business.
Replacing what you inherited
For a small business lender, KYB verification isn't optional. Every application requires business name verification, EIN matching, address validation, and compliance screening. The data behind those checks determines how many applications pass automatically and how many land in a manual review queue.
Quantum Lending Solutions had been running its KYB through a legacy provider for years. The system worked, but match rates sat at ~80% overall, with certain verification components hitting as low as 50%. Every missed match meant a manual lookup. At scale, the cost of those lookups compounds.
When a new investment led to a platform migration, Quantum Lending Solutions' analytics and risk team used the transition to reassess every vendor agreement. Not because the old system was broken, but because replatforming creates a rare window to test alternatives with real data.
The evaluation
Quantum Lending Solutions ran a head-to-head comparison on 2,000 real records: Enigma against the legacy KYB provider. Three criteria: data quality, cost, and ease of working.
The results were decisive.
Every missed match becomes a manual lookup. The gap between the two providers' match rates means Quantum Lending Solutions now has 10% fewer applications requiring manual lookup each month.
A third vendor was also evaluated. It was more expensive, offered less flexibility on contract terms, and its dashboard didn't fit the team's workflow. Quantum Lending Solutions needed a provider that could scale with a growing lender, not one that imposed enterprise-tier minimums on a mid-market company.
The integration
Contracting and API setup moved fast. Enigma provided documentation, test records, and a test environment. The team mapped Enigma's output to their existing compliance workflow and went live without rearchitecting anything.
"Better data reduced operational costs, not just API costs. The API savings were the line item, but the manual review savings were the multiplier."Analytics and Risk team, Quantum Lending Solutions
Why this worked
Three factors decided the switch: data quality, contract flexibility, and a simple integration path.
01 Better data reduced operational costs, not just API costs
Every point of improvement in match rates means fewer cases reach the manual review queue. The API savings were the line item, but the manual review savings were the multiplier.
02 Flexible terms for a growing lender
Quantum Lending Solutions needed a vendor willing to structure terms for where the company is now, with room to adjust as volume grows. Not a take-it-or-leave-it minimum designed for an enterprise buyer.
03 Simple integration, fast contracting
The evaluation-to-production path was straightforward: API documentation, test environment, clear mapping to compliance requirements. No extended implementation project. No rearchitecting existing workflows.
About Quantum Lending Solutions
Quantum Lending Solutions is the API-first, modular lending infrastructure platform purpose-built for financial institutions that need to launch, manage, and scale SMB lending programs, without building the infrastructure themselves. QLS delivers the complete lending stack: origination, underwriting, compliance, servicing, and portfolio management, as modular, API-first infrastructure that deploys in 45–90 days. QLS serves community banks, credit unions, fintech originators, non-bank lenders, and CDFIs.