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Complete lending solution will streamline processes and improve compliance

Peoples Trust Company of Saint Albans, USA, has selected Finastra to provide a single, end-to-end lending solution for commercial and consumer lending. Using Finastra’s Total Lending solution, which packages the power of the Fusion LaserPro, Fusion DecisionPro and Fusion CreditQuest products, the bank will be able to manage its lending process from origination through to booking and thus increase efficiency and customer service.

To deliver a more streamlined lending experience, Peoples Trust Company sought a technology provider that could modernize and automate what was previously a manual paper flow. Finastra was able to provide a fully-integrated solution that delivered all the necessary functionality – including origination, processing, and document preparation – as well as the ability to integrate seamlessly with the bank’s core system. As a result, the bank’s loan customers will benefit from increased speed and efficiency throughout the lending process, while the bank itself will benefit from improved compliance and risk management.

“Peoples Trust Company always keeps its customers’ needs in mind, with tailor-made service designed to meet and exceed expectations,” said Angela M. Poirier, CRCM SVP, Chief Loan Specialist, Peoples Trust Company. “When it came to replacing our current lending platform, we knew we needed a partner that could also deliver on that promise. Finastra offered a complete end-to-end solution that will completely automate the lending process and integrate with our existing core system.”

“Finastra’s suite of integrated lending products provides a comprehensive and flexible platform that spans the entire lending workflow, from start to finish,” said Nadeem Syed, CEO, Finastra. “By automating once manual processes and cutting out complexity, the Peoples Trust Company will be able to offer an improved experience to their borrowers and focus greater attention on what matters: building deeper customer relationships.”

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