First National Bank of Oklahoma has announced a new partnership with Teslar Software to streamline its lending processes. To automate its workflows for commercial, consumer, and agricultural lending, this community bank in the US will use Teslar's technology.
In addition, the business should make better use of its reporting and exceptions management tools to enhance customer satisfaction and increase operational effectiveness.
Martin, the bank's chief lending officer, claims that Teslar's technology will not only help to increase efficiency in operations but also assist in managing risk in the bank's portfolio.
By implementing the software, First National Bank of Oklahoma aims to provide a better borrower experience and create new efficiencies throughout the lending process.
Joe Ehrhardt, CEO and founder of Teslar Software, said that First National Bank of Oklahoma's push to modernize its technology will enable it to provide a better borrower experience and create new efficiencies throughout the lending process.
The bank will be able to manage the entire loan lifecycle from a single platform, streamlining loan origination, processing, and servicing. With Teslar's software, the bank will be able to automate time-consuming tasks and gain greater visibility into the lending process.
Additionally, the software's reporting and exception management tools will allow the bank to identify potential risks in its portfolio and take steps to mitigate them. By automating these processes, First National Bank of Oklahoma will be able to reduce the likelihood of errors and ensure a more seamless and efficient lending process.
The partnership with Teslar Software is just one example of how First National Bank of Oklahoma is committed to using technology to enhance its services and provide a better experience for its customers. By leveraging the latest innovations in fintech, the bank aims to improve its operations and drive growth in the years ahead.
This partnership highlights the growing importance of technology in the banking sector. As more and more banks recognize the benefits of automation and digitalization, they are turning to innovative fintech firms like Teslar Software to help them streamline their processes and better serve their customers.
With the right tools and technologies, banks can transform their operations and deliver a better experience for everyone involved.