New Features and Functionality Will Help Financial Institutions Optimize Processes While Improving Customer Service
LAKE MARY, FL, Aug. 28, 2014 /CNW/ - DH Corporation (TSX: DH) (the "Company") announced today the launch of a new release of CreditPath™, the Company's integrated lending platform for commercial and industrial lending, commercial real estate lending, small business lending, consumer lending and equipment finance. D+H also announced the launch of CreditPath Connect, an integration toolkit that supports the rapid integration of third-party systems to CreditPath.
CreditPath is a loan and lease origination platform that enables financial institutions to optimize their processes across the lending lifecycle. It is unique in its ability to support, on a single, flexible and configurable platform, the diverse business processing requirements for disparate lines of business lending and leasing asset classes.
"Fifth Third Bank utilizes CreditPath for the underwriting of commercial credit, portfolio monitoring and credit risk reporting for our commercial loan portfolio," said Rich Duggan, vice president, enterprise risk management, Fifth Third Bank. "The solution has helped us drive efficiencies in our credit process and enabled the organization to quickly respond to changes in the financial industry while improving service levels to our customers. We are excited about the innovation delivered in this release of CreditPath as we look to continuously improve our customer experience and processes in commercial credit."
This latest release of CreditPath includes more than 100 new features and significant enhancements such as improvements to collateral management to support complexities of utilization and valuation, a smarter business rules engine to simplify and centralize compliance infraction tracking, and increased speed and system flexibility to better facilitate the creation and maintenance of legal documents. In addition, CreditPath has been refreshed from top to bottom using the latest user experience conventions to provide an intuitive workspace.
"Margin compression and intense regulatory oversight are forcing institutions to find ways to reduce their operating costs while competing for growth and managing risk," said Scott Hansen, senior vice president, marketing, D+H. "These releases of CreditPath and CreditPath Connect deliver a lending platform that can integrate to or replace many internal and external systems with tools that facilitate efficient business processes, empower users and aggregate operational and risk data."
CreditPath Connect is a major update to the integration toolkit used to connect third-party systems and tools to CreditPath. It allows for seamless integration between the wide varieties of systems that financial institutions have invested in and rely on each day.
D+H is a leading provider of secure and reliable technology solutions to domestic and global financial institutions with a reputation for being a trusted partner that helps clients build deeper, more profitable relationships with their customers based on rich industry and market insight, and consumer knowledge. Today, approximately 7,000 banks, specialty lenders, community banks and credit unions rely on D+H to deliver solutions across three broad service areas: Banking Technology Solutions, Lending Solutions, and Payments Solutions. Our integrated, compliant technology solutions enable clients to grow, compete, and optimize their operations, while our forward looking approach helps them stay ahead of the market and anticipate changing consumer needs. D+H is one of the world's top FinTech companies as measured on the FinTech 100 list.
DH Corporation is listed on the Toronto Stock Exchange under the symbol DH. Further information can be found at www.dhltd.com and in the disclosure documents filed by DH Corporation with the securities regulatory authorities at www.sedar.com.
SOURCE: DH Corporation
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