Liberty Bank chooses Amount to revolutionize consumer lending capabilities
2024年6月19日 - 2:54AM
ビジネスワイヤ(英語)
One of the largest and oldest mutual banks in the country has
partnered with Amount to build its technology infrastructure to
support consumer loan growth strategy
Today, Amount, a digital origination and decisioning SaaS
platform powering account opening, loan origination, and financing,
unveiled a partnership with Liberty Bank to modernize its
technology infrastructure to originate personal loans from within
the bank for the first time.
With the aim of providing unparalleled service to its customers,
Middletown, Conn.-based Liberty Bank sought to invest in its
technology infrastructure with a platform capable of adaptive risk
decisioning and a superior end-to-end digital experience. This
strategic alliance marks a significant milestone in Liberty’s
growth as it seeks to better serve its customers with important and
timely banking products as one of the country’s oldest and largest
mutual banks.
“The collaboration between Amount and Liberty has already
yielded remarkable results,” said Matthew Cammarota, Senior Vice
President and Head of Retail Lending at Liberty, which has more
than $7.8 billion in assets. “Since recently launching, Liberty has
organically surpassed personal loan growth expectations and
demonstrated the effectiveness of Amount's technology. The seamless
integration of Amount's platform has enabled Liberty to streamline
operations, automate processes, and bring new customers into the
bank for cross-selling opportunities, all in-house.”
“Increasingly we are seeing the largest lenders in the country
invest in their enterprise technology as part of their commitment
to serve communities and their clients,” said Adam Hughes, CEO of
Amount. “Liberty is a perfect example of that. We are thrilled to
continue our successful partnership, unlocking new opportunities
for growth as Liberty continues their strategic expansion.”
About Amount Amount is a global digital origination and
decisioning SaaS platform powering high-velocity consumer and SMB
origination for financial institutions. Developed by lending
industry experts, Amount helps banks drive profitability and
achieve a Performance Advantage with a fully integrated and
flexible platform underpinned by enterprise bank-grade
infrastructure and compliance – enabling banks to deliver new and
differentiated offerings within months, not years. With Amount,
banks and credit unions can optimize performance across product
categories while tapping into various service offerings including
customer acquisition, funnel and performance assessments, and risk
analytics. Amount clients include financial institutions
collectively managing just over $3.1T in US assets and servicing
more than 50 million U.S. customers. Visit www.amount.com for more
information.
About Liberty Bank
Established in 1825, Liberty Bank is the oldest and largest
independent mutual bank in the country. With $7.8 billion in
assets, Liberty has 56 banking offices across Connecticut and two
in Massachusetts. As a full-service financial institution, Liberty
offers consumer and commercial banking, cash management, home
mortgages, business loans, insurance and investment services. Named
‘Top Workplace’ by the Hartford Courant every year since 2012 and
designated a 2021, 2022 and 2023 Best-In-State Bank in Connecticut
by Forbes Magazine. For more information on Liberty Bank, visit
www.liberty-bank.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240618560810/en/
Media Amount@backbaycommunications.com