First National Bank of Oklahoma, a community bank in the US, has partnered with Teslar Software to streamline its lending processes.
The bank will utilise Teslar’s tech to automate its commercial, consumer and agricultural lending workflows as well as leverage the firm’s reporting and exceptions management tools to improve its customer experience and boost the efficiency of its operations.
Mel Martin, president and CEO of First National Bank of Oklahoma, says Teslar’s technology is a “natural fit” for the company.
“Teslar’s technology will not only significantly help us improve operations from an efficiency standpoint, but will also help us better manage risk in our portfolio,” Martin adds.
Joe Ehrhardt, CEO and founder of Teslar Software, adds First National Bank of Oklahoma’s push to modernise its technology will enable it to provide a “better borrower experience and create new efficiencies throughout the lending process”.
Teslar Software was founded in 2008 and is based in Arkansas, USA. The company provides a lending process automation platform for community financial institutions. Its clients include American Business Bank, Pinnacle Bank and Citizens Bank, among others. – FintechFutures