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Fiserv introduces business lending strategy for better efficiency of regional banks

Global financial services technology provider Fiserv has launched a business lending strategy to assist regional and community banks to enhance the efficiency and profitability of their commercial and small business lending products and processes.

The new offering has been designed to assist regional and community lenders to carry out in-depth review of their commercial lending business.

Fiserv revenue enhancement senior vice president and managing director George Noga said the Commercial and Small Business Lending Product and Process Review combine together many Fiserv strengths, to help banks tackle business challenges.

"It also utilizes our consultative and technology solutions to enable our banks to better pursue and seize commercial and small business banking opportunities in their respective markets," Noga continued.

Following this strategic and operational review, Fiserv offers recommendations for new or improved credit products and processes, improved pricing for business growth, process automation opportunities.

Further, it also gives suggestions to improve credit policies and underwriting strictures for better efficiency, credit performance and control.

Leveraging its expertise in commercial and small business lending, Fiserv enables financial firms to boost market share, superior profitability and greater efficiency in lending processes.

The business lending strategy program uses the expertise of Fiserv’s bank intelligence solutions from and integrates financial analysis, market analysis and expert advice into a suite of automated decision tools to assist identify the right strategies for financial institutions.

Its lending technology provides real-time solutions that automate and combine the workflows and processes associated with underwriting, processing and servicing loans including mortgages, home equity loans and lines of credit, instalment, auto or small business loans or captive financing.

Using account processing platform, banks can build a dependable platform to decrease risk and boost efficiency using all channels of banking activity.