Accelerated Adoption of MeridianLink Portal Allows More Financial Institutions of All Sizes to Expand Existing Lending and Deposit Account Origination Platforms to Online Consumers

Rhea-AI Summary

MeridianLink (NYSE: MLNK) reported the addition of over 60 clients who implemented the MeridianLink Portal in Q3, enhancing their digital lending capabilities. This portal streamlines loan and deposit applications, allowing for a robust and customizable user experience across devices. The company's offerings are central to the ongoing digital transformation in the financial services industry, helping institutions meet consumer demands. MeridianLink serves over 1,900 clients, boasting a strong presence among the top financial institutions in the U.S.

Positive

• Added over 60 new clients for MeridianLink Portal in Q3, indicating strong demand.
• MeridianLink Portal enhances consumer lending experience with features like mobile-first design and universal application support.
• The rollout reflects the company's commitment to meeting increasing digital demands in the financial sector.

Negative

• None.

Company added more than 60 new MeridianLink Portal instances and upgrades to new and existing clients in Q3

COSTA MESA, Calif.--(BUSINESS WIRE)-- MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced that more than 60 clients added MeridianLink Portal instances and enhancement upgrades in the third quarter. MeridianLink Portal is a consumer lending digital point of sale solution that provides a consistent and consumer-friendly experience across all popular browsers and devices to simplify and expedite consumer application submissions.

“Our customers appreciate the convenience of online applications combined with the personalized service they have come to expect from us as their bank,” said Faith Owen, digital banking and payments product manager of FirstBank. “Each financial institution is unique, and MeridianLink Portal allows the customization to meet those needs and help us best serve our customers.”

MeridianLink Portal is the digital storefront component of the MeridianLink One platform. When financial institutions combine Portal with MeridianLink’s other offerings, the result is a powerful, efficient digital lending experience that enables people to apply anywhere and anytime for consumer loan and deposit accounts.

“The financial services industry is in the early stages of a digital transformation, and we play a key role in enabling clients to offer better, broader digital lending experiences to their customers,” said Chris Maloof, chief product officer of MeridianLink. “The fact that more than 60 new and existing clients went live with MeridianLink Portal in the third quarter is a tremendous validation that we are meeting the ever-increasing digital demands of consumers.”

MeridianLink Portal features include:

• Combination Application - Consumers can apply for both loan and deposit accounts using a single application
• Built-in Cross-sell Support - Post-submission logic allows for in-application cross-selling of additional products
• Universal Application - One portal can service all loans and deposit account types across consumer and commercial channels
• High-level Configuration - Control application themes and wording through a built-in editor
• Complete Integration - Full integration of online banking, core systems, deposit account opening, and loan origination
• Mobile-first Design - Supported across all major browsers and device types
• Mobile-enabled Population - Quick data population from any major browser and device

To learn more about how MeridianLink Portal helps financial institutions improve digital lending, visit https://www.meridianlink.com/products/application-portal.

About MeridianLink

MeridianLink^® (NYSE: MLNK) is a leading provider of cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers and consumer reporting agencies. Headquartered in Costa Mesa, California, MeridianLink provides services to more than 1,900 customers, including a majority of the financial institutions on Forbes’ 2021 lists of America’s Best Credit Unions and Banks. Further information can be found at www.meridianlink.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211102006265/en/

Becky Frost

(714) 784-5839

becky.frost@meridianlink.com

Source: MeridianLink, Inc.

FAQ

What is the significance of 60 new clients for MeridianLink Portal in Q3 2023?

The addition of 60 new clients for MeridianLink Portal in Q3 2023 highlights the growing demand for digital lending solutions.

What features does the MeridianLink Portal offer for financial institutions?

The MeridianLink Portal offers features like a combination application, built-in cross-sell support, universal application capability, and mobile-first design.

How does MeridianLink support digital transformation in the financial services industry?

MeridianLink plays a key role in the digital transformation of financial services by providing solutions that enable better digital lending experiences.

How many clients does MeridianLink serve in total?

MeridianLink serves over 1,900 customers, including many of the top U.S. financial institutions.