Vendor News - Page 2
April 4 – ReliaMax, the complete private student lending solutions provider for banks, credit unions and alternative lenders, today announced that its subsidiary, ReliaMax Surety Company*, has introduced two new initiatives: ReliaMax Risk Grades, a proprietary scoring system that builds on traditional credit scoring criteria and adds new dimensions in order to more predictively identify risk and price private student loan insurance, and Basis Points Pricing, a new monthly option for paying insurance premiums over the life of the loan instead of all up front.
By Scott Teel
Demand for disaster recovery and business continuity services has never been greater, however many organizations aren’t sure where to begin. Customers need simplicity and flexibility when it comes to solutions that ensure operational resiliency. They also need affordable solutions that are comprehensive in nature without delivering unnecessary services. (more…)
March 31 – Synaps Loans LLC has announced the successful demonstration of the first working blockchain solution for syndicated loan servicing. R3’s Lab and Research Center managed the proof-of-concept testing of the system, which was exclusively developed by Synaps, a joint venture of Ipreo and Symbiont. Credit Suisse helped arrange the project, which included participation from key agent banks, service providers, and fund managers.
March 31 – DH Corporation (TSX: DH) (“D+H”), a leading provider of technology solutions to financial institutions globally, has announced that the latest issue of its Payments & Treasury Solutions News is now available. The tri-annual magazine provides D+H customers—and the transaction banking industry at large—with the latest news from D+H, and features relevant articles on the trends impacting our customers’ businesses.
March 31 – Data Center Inc. (DCI), the privately-owned developer of iCore360® core banking software and related technologies for community banks nationwide, finished 2016 with another year of nearly perfect customer satisfaction and retention.
By Frank Janezic
In its Retail Banking 2020 report1, PwC asserts that innovation will be the single most important factor driving sustainable top- and bottom-line growth in banking over the next five years. Another recent study shows that banks are making innovation a strategic priority and investing more to boost their innovation performance and counter threats from new players. (more…)
March 15 – Sageworks, a financial information company that provides lending, credit risk and portfolio risk solutions to banks and credit unions, announced its partnership with First Commonwealth Bank, headquartered in Indiana, Pa., to enhance its allowance for loan and lease losses (ALLL) calculation process and methodology.
March 20 – DH Corporation, a leading provider of technology solutions to financial institutions globally, has launched Total Lending Small Business, a new digital, mobile-first lending solution designed to boost profitability of financial institutions and improve the lending experience for small business owners across the United States. Now, banks and credit unions can deploy an intuitive, online loan application for small businesses, enabling more application throughput than the traditional paper-based branch model.