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Unity Bank selects Finastra’s Total Lending

US-based Unity Bank has selected Finastra’s Total Lending solution to outift its commercial lending and consumer lending processes, including its agricultural lending business.

Unity Bank sought a “comprehensive end-to-end credit management system” that could serve “the entire life of the loan, from application through booking on the core”. It selected Finastra’s Total Lending for its ability to meet this goal, as well as for its ability to “integrate seamlessly with its existing core banking system”.

Related: National Bank of Egypt UK deploys treasury and risk systems from Finastra

“At Unity Bank, investing in our communities through lending is an integral part of our business,” said Darrin Wilson, Chief Credit Officer, Unity Bank. “With Total Lending, we will be able to streamline our lending processes to offer our customers the best possible experience, while growing our lending business through improved operational efficiencies.”

“Community banks like Unity Bank are integral to the financial well-being of the communities they serve,” said Mike Dionne, Senior Vice President, Community Markets, Finastra. “As competition from larger national banks continues to grow, community banks can remain competitive and even expand their lending business organically by leveraging a single solution for commercial and consumer lending that incorporates origination, decisioning, processing, document preparation, and loan servicing — thus unlocking efficiencies and providing the level of service today’s consumers demand.”

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