- Digital banking solutions provider Tyfone announced the launch of new loan servicing and payments business unit, Loanovia.
- Loanovia’s flagship lending solutions have already been deployed in more than 80 applications at credit unions throughout the US.
- Among Finovate’s earliest alums, Portland, Oregon-based Tyfone made its Finovate debut at FinovateSpring 2008.
Digital banking solutions provider Tyfone announced the formation of Loanovia, a new loan servicing and payments business unit. The company added that Loanovia’s suite of lending solutions—Skip-A-Pay, Quick Pay, and Collect—have already been deployed in more than 80 applications at credit unions across the US.
Loanovia’s solutions will help credit unions automate payment processes, lower operational costs, enhance the member experience, and generate non-interest income. Skip-A-Pay is an automated, self-service loan skip solution that enables members to defer a loan payment in real time, while generating non-interest income for the credit union via skip fees. Quick Pay is a real-time, digital-banking-agnostic loan payment solution that enables account holders to pay any loan from any device using any payment method without requiring a digital banking login. Collect centralizes outreach, payment processing, and performance reporting into a unified workflow to provide financial institutions with greater visibility into delinquency trends, automate follow-ups, and improve recovery rates.
“Loanovia was established with a simple mission: to make lending services easy for credit unions,” Loanovia President John-Ashley Paul said. “We recognized that loan payments and loan skips were pain points. They were time-consuming, manual, and often frustrating to the member and the credit union. Working in collaboration with credit unions, we resolved those issues and have found the perfect balance in generating operational savings and workflow efficiencies, while providing an invaluable service. Members are empowered to pay or skip loans anytime, from anywhere on any device, without requiring a branch visit or phone call. The initial response was overwhelmingly positive; it is a great tool for building long-term relationships and loyalty.”
In a statement, Tyfone announced that Loanovia had partnered with the Iowa Credit Union League (ICUL) to make the company’s loan servicing solutions available to a broader range of credit unions. Based in West Des Moines, Iowa, ICUL is a non-profit trade association that represents the interests of Iowa’s state and federally chartered credit unions, serving more than 1.5 million members.
“At ICUL, we are committed to delivering meaningful value to our member credit unions through thoughtfully selected service offerings and strategic partnerships,” Iowa Credit Union League Chief Operating Officer Matt Oakley said. “This partnership with Loanovia reflects that commitment and our continued focus on connecting credit unions with trusted providers offering innovative, proven solutions. These solutions drive efficiency, streamline processes, and strengthen member loyalty—further advancing the member-first philosophy that defines Iowa credit unions.”
One of Finovate’s earliest alums, Tyfone made its Finovate debut at FinovateSpring 2008. In the years since then, the Portland, Oregon-based company has grown into a major digital banking solutions provider with more than 100 customers and 200+ integrations. Tyfone integrates digital banking, instant payments, and intelligent, AI-powered tools to help financial institutions streamline operations, improve efficiency, and enhance customer experiences.
Are you a credit union that is looking for ways to build your membership community, offer innovative new solutions and take advantage of enabling technologies like AI? This year’s FinovateSpring2026 in San Diego—May 5 through May 7—will feature a range of sessions dedicated to helping credit unions grow and thrive.
Check out the FinovateSpring agenda today for more information on our AI on a Shoestring executive briefing, our Credit Union Spotlight and Breakfast, and more!
Photo by Jimmy Woo on Unsplash
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