Peoples Trust Company trusts Finastra for lendtech revamp
Peoples Trust Company, a financial institution in the US state of Vermont, has turned to Finastra for a single, end-to-end lending solution for commercial and consumer lending.
It has implemented Finastra’s Total Lending solution, which is comprised of the Fusion LaserPro, Fusion DecisionPro and Fusion CreditQuest products – thus managing its lending process from origination through to booking, including processing and document preparation.
The software stems from D+H Corporation, acquired last year by Vista Equity Partners and merged with Misys to form Finastra.
“To deliver a more streamlined lending experience, Peoples Trust Company sought a technology provider that could modernise and automate what was previously a manual paper flow,” the vendor says.
“Peoples Trust Company always keeps its customers’ needs in mind, with tailor-made service designed to meet and exceed expectations,” says Angela M. Poirier, CRCM SVP, chief loan specialist, Peoples Trust Company.
“When it came to replacing our current lending platform, we knew we needed a partner that could also deliver on that promise. Finastra offered a complete end-to-end solution that will completely automate the lending process and integrate with our existing core system.”
Peoples Trust Company, which describes itself as “the bank with a heart”, has been in business since 1886, and has always been locally owned and operated.