The National Bank of Texas in the US has entered into a partnership with Teslar Software to improve loan-related operations.
The lender will use Teslar Software platform to increase transparency and management of loans.
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The software will provide the $350m asset bank with real-time visibility into their portfolio and help to address potential risks.
Additionally, the move is expected to help The National Bank of Texas in preparing itself for future capital and liquidity requirements.
The National Bank of Texas EVP and chief credit officer Rett Everett said: “The National Bank of Texas is committed to meeting the needs of businesses in our community.
“When conducting our due diligence, several peer banks recommended Teslar Software. The fintech’s bank clients had overwhelmingly positive feedback. And there was added value in knowing that Teslar Software was built by and still run by many former bankers who understand our business.”
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By GlobalDataTeslar Software founder and CEO Joe Ehrhardt said: “The National Bank of Texas is in growth mode, and our automation and portfolio management tools will allow them to continue that growth trajectory and better serve the local community.
“We have a solid integration with their core provider, which gives a seamless gateway to help lenders understand their customers’ unique needs and provide them with personalized support.”
Teslar Software delivers portfolio management tools to community financial institutions to boost efficiency.
Last year, Citizens Bank partnered with Teslar Software to improve its operations.
