Valley Bank Partners with Finley Technologies to Launch Credit Management System
- Editor
- Feb 25
- 2 min read
Whats Happening:
Valley Bank, a subsidiary of Valley National Bancorp, has successfully implemented Finley Technologies' Credit Management System. This post-origination loan platform is designed to help mid-sized banks automate, grow, and monitor their portfolio operations. The system is capable of handling complex loans across lender-borrower or lender-lender relations and works in conjunction with existing bank core systems.
Key Moves:
Valley Bank implements Finley's Credit Management System for portfolio operations
The system automates complex collateral and servicing processes
Initial use cases include securities-based collateral management and syndicated loan servicing
By The Numbers:
Valley National Bancorp is listed on NASDAQ: VLY
Finley's platform is the first to enable banks to handle any volume of complex loans
The system works with existing bank core systems
Key Quotes:
"This new platform allows us to digitize complex collateral and servicing processes with a differentiated speed and quality that aligns with our digital ambitions," - Russell Barrett, Chief Operations Officer at Valley National Bank
"Our Credit Management System is the first modern post-origination solution for complex loans across banks, regardless of how those loans are structured," - Jeremy Tsui, Chief Executive Officer of Finley Technologies
"With Finley, banks no longer have to choose between growing their loan portfolios and maintaining full quality control over their debt capital operations." - Kevin Suh, Chief Technical Officer of Finley
Bottom Line:
The partnership between Valley Bank and Finley Technologies represents a significant step in modernizing and streamlining complex loan portfolio management for mid-sized banks. By implementing Finley's Credit Management System, Valley Bank aims to improve efficiency, accuracy, and timeliness in its debt capital operations, potentially setting a new standard for the industry.
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