Q2 Lending Enables Knoma to Cut Student Loan Evaluations from Months to Minutes

Anyone in the student lending space understands how tedious and time consuming the loan evaluation process can be. Missing a detail on a credit history or identification check can result in significant delays. Thanks to Q2 Lending, a new UK-based education lender called Knoma – which stands for “The Knowledge Market,” and disperses vocational loans to working adults – can securely and accurately automate the loan decisioning and onboarding process for more than 90% of its applications, cutting months off the traditional approval timeline.