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Citizens Bank & Trust partners with Teslar Software

Friday 20 August 2021 09:11 CET | News

US-based Teslar Software has announced that Citizens Bank & Trust has partnered with them to streamline lending processes from beginning to end.

Citizens Bank & Trust initially partnered with Teslar Software for loan origination and forgiveness during round two of the Paycheck Protection Program (PPP). By using the fintech’s technology, the bank was able to enhance efficiencies and more quickly provide small businesses with the funds they needed to get back on their feet, as the press release says.

After experiencing the productivity gains enabled by the technology, the bank decided to use Teslar’s suite of automated workflow and portfolio management tools to help them across commercial lending.

With Teslar, Citizens Bank & Trust will eliminate manual, paper-based processes and use automated workflows. The bank plans to use Teslar to track aspects of the lending process more precisely such as exceptions and past due loans.

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Keywords: partnership, lending, fintech, online banking
Categories: Banking & Fintech
Companies:
Countries: United States
This article is part of category

Banking & Fintech