Valley Bank announced the successful implementation of Finley Technologies' Credit Management System, a post-origination loan platform. This system is designed to automate, grow, and monitor the bank's credit portfolio operations, including securities-based and syndicated loans.
Russell Barrett, Chief Operations Officer at Valley National Bank, stated that the new platform allows the bank to digitize complex collateral and servicing processes with improved speed and quality. This aligns with Valley's digital ambitions and aims to enhance efficiencies, accuracy, and timeliness for debt capital operations.
The Finley platform is designed to work with existing bank core systems, orchestrating servicing workflows and analysis across teams without requiring modifications to core systems or additional personnel. Initial use cases include securities-based collateral management and syndicated loan servicing, replacing legacy, labor-intensive technology.
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