Finanta & IBC Bank team to digitise commercial lending solutions

By Gloria Mathias

IBC Bank, one of the US financial institutions, has announced a partnership with Finanta, a financial technology solutions company, aimed at revolutionising its commercial loan originations, collateral management, portfolio management, and all lines of business in commercial lending operations.

This collaboration marks a step in IBC’s commitment to enhance its digital banking services and deliver solutions to its customers. By integrating Finanta’s advanced commercial lending platform, IBC Bank will accelerate its digital transformation in commercial lending and unleash incremental business value.

In line with its mission to transform the commercial lending landscape, Finanta will equip IBC Bank with sophisticated tools that streamline complex commercial lending processes. These tools and accelerators address key industry challenges such as loan origination, risk assessment, and regulatory compliance, providing a seamless, automated, and customer-focused commercial lending experience that will also benefit employees.

“Our partnership with IBC Bank underscores our commitment to advancing commercial lending through our innovative lending suite,” said Sai Chandrasekar, Finanta’s Chief Product Officer. “By leveraging Finanta’s comprehensive commercial lending solutions suite, IBC Bank will not only enhance their operational efficiencies but also provide their clients with superior lending products and services tailored to the dynamic commercial lending sector.”

IBC Bank’s EVP of Operations, Dalia Martinez, said, “We’re focused on transforming our commercial lending operations to serve our clients better. Finanta is helping us achieve this transformation. Finanta’s automation and financial analysis tools will enable us to make faster, smarter decisions, which should result in better experiences for both our team and our clients.”

Finanta’s technological enhancements are part of a broader effort to support IBC Bank in its commitment to delivering financial services and fostering growth within the commercial sector.