IBC Bank is forming a strategic partnership with Finanta, financial technology company the specializes in commercial lending.
Through this partnership, Texas-based IBC will integrate Finanta’s advanced commercial lending platform to accelerate its digital transformation in commercial lending.
“We’re focused on transforming our commercial lending operations to better serve our clients. 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,” IBC Bank’s EVP of Operations Dalia Martinez said.
Finanta will equip IBC with tools that streamline complex commercial lending processes, such as loan origination, risk assessment, and regulatory compliance.
“Our partnership with IBC Bank underscores our commitment to advancing commercial lending through our innovative lending suite,” Sai Chandrasekar, Finanta’s chief product officer, said. “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.”
Specifically, Finanta has introduced a suite of technologies at IBC Bank that are designed to optimize different facets of the lending process. They include:
• Automated Commercial Loan Origination: The new system streamlines the borrower application process, significantly reducing decision times and improving accuracy through automated workflows such as lien filing and management, flood determination, evaluation/appraisal processes. This enhancement is expected to accelerate the lending cycle.
• Collateral Management: Finanta unleashes the true collateral value across the lending lifecycle by effectively managing lending risks, optimizing collateral utilization, and ensuring compliance with regulatory requirements.
• Enhanced Risk Management: By integrating exception tracking and advanced analytics into the risk assessment process, the updated system provides IBC Bank with the tools to perform real-time evaluations of borrower risk and regulatory compliance, supporting more informed and data-driven decision-making to improve the credit quality.
• Digital Credit Analysis and Presentation Tools: The adoption of sophisticated algorithms for generating digital credit reports and presentations will bring a new level of transparency and insight into IBC Bank’s commercial lending decisions.
• Construction Loan Management: Finanta’s construction loan management suite streamlines the lending process for the commercial and residential projects, reducing the spreadsheets and manual intervention of loan officers and borrowers. This improvement will increase operational efficiencies.
• Robust Portfolio Management: With dynamic new tools for managing commercial loan portfolios, IBC Bank can now more effectively monitor loan performance, identify and mitigate risks, and enhance overall returns on investments.
• Innovative Services: This collaboration will introduce new and innovative services, including AI-driven financial advice and predictive analytics, aimed at providing customers with tailored recommendations and insights.
Based in Laredo, IBC Bank is a division of International Bancshares Corporation — a $15.5 billion bank holding company that serves 75 communities through 165 facilities and 256 ATMs across Texas and Oklahoma.