The Andera SDK is a set of software building blocks that institutions can leverage to speed innovation in online financial applications and risk management. BankSimple's customers will be connected online via BankSimple's servers throughout the entire application process, allowing for optimal flexibility in customizing the user experience. Andera will continue to do the heavy lifting, writing and maintaining the integrations with its various service and data providers to render real-time recommended actions with the best possible results.

Shamir Karkal, co-founder and CFO at BankSimple, comments: "We believe that people deserve an alternative to antiquated technology and old ways of servicing customers. Our partnership with Andera gives us the control we need to customize the application experience for our customers - be it on a smartphone, tablet or laptop."

Andera's multi-vendor approach to application risk management increases verification success rates, as its verification process waterfalls between multiple providers, rather than relying on a single source. BankSimple will integrate with a single API and gain instant access to dozens of service and data providers, saving hundreds of development hours that would have been spent integrating with each provider separately.

Ted Brown, SDK Evangelist at Andera, comments: "BankSimple's model is all about creating a winning user experience from the ground up: mobile- and online-optimized and 100 percent fluent. With our SDK, the folks at BankSimple can focus on providing the best possible user experience to their applicants, while we focus on maintaining the back-end integrations needed to efficiently approve applicants and manage risk effectively. It's a corporate collaboration in the name of banking innovation."