Fresno First Bank, Fresno, CA, a $538 million asset bank serving California’s Central Valley and now Southern California, will deploy the digital lending technology platform provided by RCGILTNER Services, Inc (RCG). This technology will enable the Bank to provide fully compliant, all-digital loans to small businesses in just minutes with underwriting completely under its control and branding.
Digital lending is changing the way businesses are borrowing money. McKinsey and other industry analysts have identified that community banks face losing up to 60% of their retail or small business profits in the next five years to non-bank online lenders as digital delivery becomes widely used and preferred.
“Digital lending for small business will be a key strategy for community banks to adopt to keep customer revenues and loyalty” Schreacke added. “Our technology is unique in the industry as we allow the financial institution to maintain control of the process, from underwriting through delivery of these loans that are booked by the bank.”
About RCGILTNER Services, Inc.
RCG provides off-the-shelf, all-digital lending technology to financial institutions all under their control for loans on their books, in branch or out, and is headquartered in Louisville, Kentucky. The company provides digital lending and liquidity services including ODManager®. For more information, please contact Robert C. Giltner at 502-640-1989 or [email protected].