Bank Plans to Leverage Online Account Opening to Support Loan Growth Objectives, Improve Customer Experience and Expand Lending Footprint
LAKE MARY, FL, Aug. 25, 2014 /CNW/ - DH Corporation (TSX: DH) (the "Company") announced today that Old Second National Bank ($2B), based in Aurora, Ill., has selected the uOpen™ loan account opening solution for online consumer and small business loans, DecisionPro™ for automated loan decisioning, as well as related solution modules.
Old Second National Bank, an existing D+H LaserPro® and MortgagebotPOS™ client, selected uOpen and DecisionPro to complete its end-to-end automated lending suite from D+H in support of its loan growth goals. In adding these solutions to the mix, the bank expects to maximize efficiency, improve the consumer experience and increase market awareness as a first-choice lender.
"Growing our consumer and small business loan portfolio is a top priority for us," said Keith Gottschalk, EVP and COO, Old Second National Bank. "With the addition of uOpen and DecisionPro to our existing D+H lending solutions, we have created a seamless lending process for both our retail and online environments. We are able to open loans at a greater volume and with faster closing times, while offering convenience for our customers and improving our market footprint with greater visibility online. We want to be top of mind when customers and the marketplace seek a loan. We are confident that these solutions will help us get there."
As part of the uBanking™ suite, which allows financial institutions to offer various customizable online services to customers, uOpen enables account opening and funding for consumer and business deposits and loans. DecisionPro provides automated workflow, better credit and compliance risk management and improved operational efficiency. It also delivers a powerful suite of productivity and risk mitigation tools to address the key areas of credit underwriting and origination workflow management.
"uOpen, MortgagebotPOS, LaserPro and DecisionPro are fundamental aspects of our end-to-end lending solution," said Scott Hansen, senior vice president of marketing, D+H. "Lending is one of the most important keys to success for growth-minded financial institutions. Our suite of lending solutions helps them deliver a consistent experience for customers both online and in the branch, while also helping to improve efficiency, handle a greater volume of applications and facilitate faster closing times."
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.
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SOURCE: DH Corporation