CHARLOTTE, N.C. — Legacy technology is a barrier to automating commercial lending at banks. Mainframe systems, in particular, complicate automation, Daniel Seay, Fifth Third Bank’s senior vice president and director of wholesale transformation, said during the “Modernizing Commercial Lending through Automation” session at last week’s Bank Automation Summit. Modern software development and IT operations (DevOps) […]

Hometown Bank, based in Fond Du Lac, Wis., announced Tuesday that it will implement Teslar workflow and portfolio management tools to automate processes across its commercial lending division. The $657.7 million bank will use the solution to centralize all its systems onto one interface. The ease of use for the software management tool impressed the […]

Plurall was founded in August last year and has raised $1.3 million in pre-seed funding.

Kristy Younger, head of commercial banking intelligent automation at Wells Fargo, will join a panel on “Modernizing Commercial Lending through Automation” Tuesday, at 3:45 p.m. ET at the Bank Automation Summit 2022, to be held March 1-2 at JW Marriott in Charlotte, N.C. The panel will cover use cases for new loan origination processes, developments […]

Concentra Bank, including Concentra Trust and Wyth Financial, will join Equitable.