back Back

Magnolia State Bank chooses Teslar Software to streamline lending

By Leandra Monteiro

April 14, 2023

  • Community Bank
  • Customer Relationships
  • Digital Lending
Share

Teslar Software, Magnolia State Bank Magnolia State Bank and Teslar Software announced their partnership to help manage exceptions volume and enhance the lending process. The $420 million-asset community bank will leverage Teslar’s sophisticated exceptions tracking tools to save time and boost efficiencies.

“In a world full of big bank brands, we’re proud to be a community bank focused on serving our customers and their unique needs. However, we needed the technology to stay ahead and optimize our existing resources,” said Curt Jones, CCO of Magnolia State Bank. “By automating and streamlining some of our loan documentation and tracking processes, we will be able to empower our front line with the most up to date information necessary to better serve customers. We are confident the Teslar platform can grow with us and we look forward to expanding our relationship.”

With Teslar, Magnolia State Bank can better track exceptions and manage documents, providing lenders with easier access to relevant borrower and portfolio data. Teslar’s technology reduces the time spent on cumbersome manual tasks and enables lenders to focus on more strategic initiatives such as deepening customer relationships.

“Now more than ever, community banks need to remain strong and continue growing,” said Joe Ehrhardt, CEO and founder of Teslar Software. “Magnolia State Bank is being proactive in ensuring they have transparency and accessibility to their bank’s data and loan and deposit portfolios. We are proud to partner with Magnolia State Bank to help them achieve this as they continue to grow and serve their community with a personal touch.”

Previous Article

April 14, 2023

MFS Africa and Access Bank to streamline money transfers in Africa

Read More
Next Article

April 14, 2023

ApprovalMax and Airwallex announce new partnership

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Community Bank

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

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

Today

Systems Limited & Formpipe team to drive digitalisation for MEA banks

Read More

Today

Auxilo Finserve raises $30m in equity round from LeapFrog Investments

Read More

Today

Seeds Fincap secures over $8.5m from Matrix Partners India (aka Z47) & Lok Capital

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 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

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024