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New loan platform provided
24/04/2007
Financial institutions have been provided with an updated product to help them originate commercial and small business loans from the same platform.
This system, dubbed Bank2Business, comes from Experian company Baker Hill - a firm that specialises in banking process solutions.
It is suggested by the company that the Bank2Business product can now help institutions save time , money and resources when processing loans.
"All credit requests are not alike and should not be treated the same," said Joe Kuntz, president of Baker Hill.
"Bank2Business now gives financial institutions the flexibility to manage those requests in the manner that works best for them while supporting their credit policy, all with a single application."
He added that financial institutions require a "commercial loan origination platform" which can be utilised across their whole portfolio, including lending to businesses of all sizes.
Bank2Business could meet the aforementioned specific needs, Mr Kuntz concludes.
This system, dubbed Bank2Business, comes from Experian company Baker Hill - a firm that specialises in banking process solutions.
It is suggested by the company that the Bank2Business product can now help institutions save time , money and resources when processing loans.
"All credit requests are not alike and should not be treated the same," said Joe Kuntz, president of Baker Hill.
"Bank2Business now gives financial institutions the flexibility to manage those requests in the manner that works best for them while supporting their credit policy, all with a single application."
He added that financial institutions require a "commercial loan origination platform" which can be utilised across their whole portfolio, including lending to businesses of all sizes.
Bank2Business could meet the aforementioned specific needs, Mr Kuntz concludes.