Red River Bank Selects Teslar Software’s Full Suite of Portfolio Management Tools
$2.8 billion-asset bank chooses end-to-end loan origination platform to boost efficiencies, support growth
Springdale, Ark., July 7, 2021 – Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced today that their technology powered over 20% of Paycheck Protection Program loans issued in 2021. The 1.3 million loans powered by Teslar this year represent $22 billion of funding for small businesses across the country. The fintech received SBA approval of 80 loans per minute during peak times.
The banking industry is completely changing (and fast!) due to this global pandemic. While banks are typically slow to adopt technological changes, the pandemic has accelerated this process by years. Digital offerings are not just conveniences anymore, but legitimate necessities for customers now. This adaptation can be more difficult for community banks with more limited resources than it is for large banks, but community banks still want to be players in the game.
The National Bank of Texas Partners with Teslar Software To Grow Lending Portfolio
Better visibility and management of loans will support strategic growth up market
Teslar Software’s own David Hamrick participated in an Expert Panel Discussion ICBA webinar on April 22nd, 2021 on consumer experience and post-COVID trends in the banking industry.
Teslar Software Named a 2021 Best Place to Work in Financial Technology
Company acknowledged by Arizent for rewarding culture, work-life balance and professional development opportunities
First National Bank of Syracuse Goes Live with Teslar Software
Partnership enables bank to streamline lending, improve customer and employee experience
We are excited to announce that Teslar Software has been chosen as a semifinalist in the Best Solution for Lending category for Bank Director’s 2021 Best of FinXTech Awards!
Teslar Software Marks Major Milestones in 2020
PPP support and an increased need for lending efficiencies positioned the company to help an expanding customer base of community bankers as they support small business needs
Bank of Idaho Selects Teslar Software to Enhance Customer Service
Partnership enables bank to spend more time with borrowers, better meet their needs