Lending technology platform Peach Finance announces launch of Self-Service Portfolio Migration(TM) Tool

The first of its kind tool will enable lenders to manage their portfolio migrations from legacy tech by themselves, removing the need for costly and unreliable third-party support

Peach Finance, the leading API-first loan management and servicing technology platform, today announced the release of its Self-Service Portfolio Migration™ tool.

A first of its kind in the lending industry, the tool streamlines the migration process and gives lenders the ability to manage migrations themselves, reducing the time, effort, risk, and cost associated with migrating their existing lending portfolio. The tool is suitable for both installment loans and lines of credit, and is offered at no cost to lenders migrating their portfolio onto Peach’s platform.

“When we founded Peach in 2018, the number one issue lenders identified was the challenge of migrating from legacy technology,” said Eddie Oistacher, Peach co-founder and CEO. “Our Self-Service Portfolio Migration tool is a game-changing feature, and one we’ve been planning for the past year. Lenders will see drastic cost savings and an unprecedented ability to control the integrity of their data, along with all the benefits of moving to a modern and fully configurable servicing platform.”

Portfolio migrations, also known as portfolio conversions, typically require lenders to migrate a vast amount of data using manual or file-based methods. It’s an expensive and lengthy process that often leads to unreliable or incomplete data in the lender’s new system.

Peach’s approach is fundamentally different, and is made possible by their Adaptive Core™ and Loan Replay™ technology. Peach replays each loan based on a subset of data to accrue daily interest, calculate interest/principal splits and determine loan status. This drastically reduces the amount of data lenders need to migrate and gives them access to full loan histories in Peach’s system.

And because lenders use the same API endpoints for the migration that they’ll eventually be using to board new loans to Peach, they can conduct the migration themselves with almost no additional training. This eliminates dependencies on third parties, and enables lenders to take their timeline and the integrity of their data into their own hands.

When it comes to the migration itself, Peach’s API-first architecture saves time and eliminates the need for manual data entry, minimizing mistakes. The migration can be automated in any sequence, while the migration system’s sandbox testing capabilities give lenders full confidence in the accuracy of their data before moving to production.

“Many lenders are still handcuffed to legacy servicing tech for the simple reason that migrating their portfolio comes with too many risks and too many unknowns,” said Stewart Watterson, Strategic Advisor, Aite-Novarica Group. “Portfolio migrations have remained an unsolved problem for years and years, just waiting for a modern lending platform to make the right investment in innovation.

For more information about Peach’s Self-Service Portfolio Migration tool, visit

About Peach Finance

Peach is a cloud-native lending technology platform that helps fintechs and traditional financial institutions quickly launch new lending programs. Peach is the only lending platform built on an Adaptive Core™. The company's fully integrated suite of API-based products includes a loan management system that supports virtually any non-mortgage asset class and features 200+ configuration variables, and features a suite of proprietary servicing tools, including a lending-specific CRM, borrower portal, agent portal, payment processing, communications, reporting and first-party collections tools; and Compliance Guard™, and a proprietary compliance monitoring system. Peach was built by leaders from top fintechs like Affirm, Avant, and Prosper, who set out to create the most configurable, robust, compliance-forward and future-proof lending platform in the market. Peach's mission is to improve lives by giving every lender the power to innovate. Learn more at


Daniela Davila
PR Manager, Peach Finance

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