ProfitStars Wins 2019 FinTech Breakthrough Award for Best Business Lending Platform
April 03, 2019
ProfitStars
Wins 2019 FinTech Breakthrough Award for Best Business Lending PlatformCommercial
Lending Center Suite streamlines lending process, enhances the borrower
experience
MONETT,
Mo. – Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a
leading provider of technology solutions and payment processing services
primarily for the financial services industry. Its ProfitStars®
division announced today that Commercial
Lending Center Suite™ received
the Best Business Lending Platform Award from FinTech Breakthrough, an
independent organization that recognizes the top companies, technologies and
products in the global fintech market.
The FinTech Breakthrough
Awards acknowledge fintech innovators and leaders from around the world in a
range of categories, including Personal Finance, Lending, Payments,
Investments, RegTech, InsurTech and more. More than 3,500 nominations were
submitted for the FinTech Breakthrough Awards this year.
James
Johnson, managing director of FinTech Breakthrough, said, “Business
lending has historically been a substandard experience for the borrower and one
major fintech breakthrough includes a focus on delivering a stellar experience
for the borrower as well as the lender. ProfitStars’ relationship-based lending process with their Commercial
Lending Center Suite is a fantastic example of this fintech innovation,
providing an all-digital, automated commercial lending platform that manages
business borrower relationships throughout ongoing loan experiences. We are
pleased to recognize ProfitStars as a marquee 2019 FinTech Breakthrough Award
winner for their innovation in the business lending industry.”
Commercial
Lending Center Suite is a digital lending platform that enables financial
institutions to seamlessly manage borrower relationships from one loan
experience to the next. The platform’s all-digital loan origination,
decisioning and portfolio management workflows save time, enhance accuracy and enable
quick, automated loan decisions based on the financial institution’s unique
credit policy. Approximately 500
institutions are currently leveraging the platform to enhance their
commercial lending line of business.
Russ
Bernthal, vice president of Jack Henry & Associates and president of
ProfitStars, commented, “Commercial lending has traditionally been a siloed, paper-based
function within a financial institution. With our digital platform, all types
of commercial lending institutions, including banks, credit unions and those
not regulated, are automating processes and creating efficiencies that ultimately
strengthen borrower relationships and provide confidence in scaling their
portfolios. We are proud to be recognized for our platform’s innovation and success
with this FinTech Breakthrough Award for the Best Business Lending Platform.”
The FinTech
Breakthrough Awards are open to individuals, companies, and organizations who
create fintech products and services. For more information, visit www.fintechbreakthrough.com.
About FinTech Breakthrough
Part of Tech
Breakthrough, a leading market intelligence and recognition
platform for technology innovation and leadership, the FinTech Breakthrough
Awards program is devoted to honoring excellence in Financial Technologies and
Services companies and products. The FinTech Breakthrough Awards provide public
recognition for the achievements of FinTech companies and products in
categories including Payments, Personal Finance, Wealth Management, Fraud
Protection, Banking, Lending, RegTech, InsurTech and more. For more information
visit FinTechBreakthrough.com.
About
ProfitStars
ProfitStars®, a
division of Jack Henry & Associates, Inc.®, helps financial
institutions of every asset size and charter, and diverse corporate entities,
proactively identify and prepare for risks and market changes that could
negatively impact their business. ProfitStars’ industry-leading solutions and
services include JHA Payment SolutionsTM, Information Security &
Risk Management, Online & Mobile, Lending, Financial Performance, and
Imaging/Data Management. These solutions help approximately 9,000 clients
mitigate and control risks, optimize revenue and growth opportunities, contain
costs, and drive future success. Additional information is available at www.profitstars.com.
About
Jack Henry & Associates, Inc.
Jack Henry & Associates,
Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions
and payment processing services primarily for the financial services industry. The
S&P 500 company’s solutions serve more than 9,000 customers nationwide and
are marketed and supported through three primary brands. Jack Henry
Banking® supports banks ranging from community banks to
multi-billion-dollar institutions with information processing solutions. Symitar®
is a leading provider of information processing solutions for credit unions of
all sizes. ProfitStars® provides highly specialized
products and services that enable financial institutions of every asset size
and charter, and diverse corporate entities to mitigate and control risks,
optimize revenue and growth opportunities, and contain costs. Additional
information is available at www.jackhenry.com.