back Back

Citizens Bank of Edmond partners with Teslar Software to transform lending

By Edlyn Cardoza

April 11, 2022

  • Arkansas
  • Citizens Bank of Edmond
  • Credit Risk Management
Share

Citizens Bank of Edmond, Teslar Software, ICBA ThinkTECH, PPP forgiveness Process, FinTech, Mark Cuban, PPP.bank, Paycheck Protection Program, Loan Origination, Portfolio Management, Credit Risk Management, SBA Lending Programs, Arkansas, USACitizens Bank of Edmond and Teslar Software recently announced their partnership to transform the bank’s lending processes. The $370 million asset bank was first introduced to Teslar Software at the 2019 ICBA ThinkTECH accelerator in Little Rock, Arkansas and later partnered with FinTech during the pandemic.

The bank first utilised Teslar to manage the PPP forgiveness process. Citizens Bank of Edmond and Teslar Software later partnered with Mark Cuban in Spring 2020 to launch PPP.bank, a free tool to help small businesses easily apply for Paycheck Protection Program (PPP) loans during the pandemic.

“The best fintech partners are those that share our values, deeply care for their customers and seek constant improvement. We’ve seen that since the beginning with Teslar Software, which is why we decided to form a longer-term relationship,” said Jill Castilla, CEO and president of Citizens Bank of Edmond. “By implementing Teslar’s platform, we expect to widen visibility into our loan pipeline, streamlining communication across departments and paving the way for faster loan turnaround times. The transparency Teslar provides also allows us to deliver real-time updates and offer better accessibility to customers.”

Teslar Software provides lending process automation tools such as loan origination, operational workflows, portfolio management and credit risk management. With Teslar, Citizens Bank of Edmond will be able to eliminate manual, paper-based processes, increasing efficiencies across lending and allowing lenders to spend more time strengthening customer relationships. The bank also plans to utilise Teslar to help small businesses navigate SBA lending programs seamlessly and efficiently.

“Citizens Bank of Edmond is a leader when it comes to leveraging technology and implementing strategies to more fully support small businesses,” said Joe Ehrhardt, CEO and founder of Teslar Software. “With our platform, they can digitise more aspects of commercial lending, creating a simpler, more intuitive experience for bankers and customers alike. We are proud to partner with Citizens as they continue to go above and beyond to serve their community.”

Previous Article

April 11, 2022

Volt appoints Matt Komorowski as its new Chief Revenue Officer

Read More
Next Article

April 11, 2022

Worldline launches LINURA LP 7220 POS Terminal to enhance digital payments in India.

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 06, 2024

Veefin Group strengthens leadership with two senior appointments

Read More

December 06, 2024

CredAble & PowerCred to deliver Working Capital tech for Indonesian Banks

Read More

December 04, 2024

HDFC Bank enhances processes with Pennant’s Lending Factory Platform

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More