Valley Bank Partners with Finley Technologies to Launch Credit Management System
Valley Bank, a subsidiary of Valley National Bancorp (NASDAQ: VLY), has successfully implemented Finley Technologies' Credit Management System to enhance its debt capital operations. This post-origination loan platform helps automate, grow, and monitor portfolio operations for mid-sized banks without modifying core systems or adding personnel.
The platform digitizes complex collateral and servicing processes, working alongside existing bank systems to orchestrate servicing workflows across teams. Valley Bank is initially using the system for securities-based collateral management and syndicated loan servicing, replacing legacy technology that was cumbersome and labor-intensive.
Russell Barrett, Chief Operations Officer at Valley Bank, highlighted the platform's alignment with their digital ambitions, while Jeff Allen from Valley Ventures noted this was a collaborative design partnership that could benefit other financial institutions. Finley's system aims to help banks increase loan volume, efficiency, and accuracy in their debt capital operations.
Valley Bank, una filiale di Valley National Bancorp (NASDAQ: VLY), ha implementato con successo il Credit Management System di Finley Technologies per migliorare le sue operazioni di capitale di debito. Questa piattaforma di prestiti post-originazione aiuta ad automatizzare, far crescere e monitorare le operazioni del portafoglio per le banche di medie dimensioni, senza modificare i sistemi core o aggiungere personale.
La piattaforma digitalizza processi complessi di garanzia e servizio, lavorando insieme ai sistemi bancari esistenti per orchestrare i flussi di lavoro di servizio tra i vari team. Valley Bank sta inizialmente utilizzando il sistema per la gestione delle garanzie basate su titoli e il servizio di prestiti sindacati, sostituendo tecnologie legacy che erano ingombranti e laboriose.
Russell Barrett, Chief Operations Officer di Valley Bank, ha sottolineato l'allineamento della piattaforma con le loro ambizioni digitali, mentre Jeff Allen di Valley Ventures ha notato che si trattava di una partnership di design collaborativa che potrebbe beneficiare altre istituzioni finanziarie. Il sistema di Finley mira ad aiutare le banche ad aumentare il volume dei prestiti, l'efficienza e la precisione nelle loro operazioni di capitale di debito.
Valley Bank, una subsidiaria de Valley National Bancorp (NASDAQ: VLY), ha implementado con éxito el Sistema de Gestión de Créditos de Finley Technologies para mejorar sus operaciones de capital de deuda. Esta plataforma de préstamos post-origination ayuda a automatizar, crecer y monitorear las operaciones de la cartera para bancos de tamaño mediano sin modificar los sistemas centrales o agregar personal.
La plataforma digitaliza procesos complejos de colateral y servicio, trabajando junto a los sistemas bancarios existentes para orquestar flujos de trabajo de servicio entre equipos. Valley Bank está utilizando inicialmente el sistema para la gestión de colateral basado en valores y el servicio de préstamos sindicados, reemplazando la tecnología heredada que era engorrosa y laboriosa.
Russell Barrett, Director de Operaciones de Valley Bank, destacó la alineación de la plataforma con sus ambiciones digitales, mientras que Jeff Allen de Valley Ventures señaló que se trataba de una asociación de diseño colaborativa que podría beneficiar a otras instituciones financieras. El sistema de Finley tiene como objetivo ayudar a los bancos a aumentar el volumen de préstamos, la eficiencia y la precisión en sus operaciones de capital de deuda.
Valley Bank는 Valley National Bancorp (NASDAQ: VLY)의 자회사로, Finley Technologies의 신용 관리 시스템을 성공적으로 구현하여 부채 자본 운영을 향상시켰습니다. 이 사후 기원 대출 플랫폼은 핵심 시스템을 수정하거나 인력을 추가하지 않고도 중형 은행의 포트폴리오 운영을 자동화하고 성장시키며 모니터링하는 데 도움을 줍니다.
이 플랫폼은 복잡한 담보 및 서비스 프로세스를 디지털화하여 기존 은행 시스템과 함께 작동하여 팀 간의 서비스 워크플로를 조정합니다. Valley Bank는 초기에는 증권 기반 담보 관리와 신디케이트 대출 서비스를 위해 시스템을 사용하고 있으며, 번거롭고 노동 집약적인 구식 기술을 대체하고 있습니다.
Valley Bank의 COO인 Russell Barrett는 플랫폼이 디지털 야망과 일치한다고 강조했으며, Valley Ventures의 Jeff Allen은 다른 금융 기관에 도움이 될 수 있는 협력적 디자인 파트너십이라고 언급했습니다. Finley의 시스템은 은행이 대출량, 효율성 및 부채 자본 운영의 정확성을 높일 수 있도록 돕는 것을 목표로 하고 있습니다.
Valley Bank, une filiale de Valley National Bancorp (NASDAQ: VLY), a mis en œuvre avec succès le Système de Gestion de Crédit de Finley Technologies pour améliorer ses opérations de capital de dette. Cette plateforme de prêts post-origination aide à automatiser, développer et surveiller les opérations de portefeuille pour les banques de taille intermédiaire, sans modifier les systèmes centraux ni ajouter de personnel.
La plateforme numérise des processus complexes de garantie et de service, travaillant aux côtés des systèmes bancaires existants pour orchestrer les flux de travail de service entre les équipes. Valley Bank utilise initialement le système pour la gestion des garanties basées sur des titres et le service des prêts syndiqués, remplaçant une technologie héritée qui était lourde et laborieuse.
Russell Barrett, directeur des opérations de Valley Bank, a souligné l'alignement de la plateforme avec leurs ambitions numériques, tandis que Jeff Allen de Valley Ventures a noté qu'il s'agissait d'un partenariat de conception collaboratif qui pourrait bénéficier à d'autres institutions financières. Le système de Finley vise à aider les banques à augmenter le volume des prêts, l'efficacité et la précision de leurs opérations de capital de dette.
Valley Bank, eine Tochtergesellschaft von Valley National Bancorp (NASDAQ: VLY), hat erfolgreich das Kreditmanagementsystem von Finley Technologies implementiert, um ihre Schuldenkapitaloperationen zu verbessern. Diese Plattform für Nachoriginierungsdarlehen hilft, die Portfoliooperationen für mittelgroße Banken zu automatisieren, zu erweitern und zu überwachen, ohne die Kernsysteme zu ändern oder Personal hinzuzufügen.
Die Plattform digitalisiert komplexe Sicherheiten- und Servicierungsprozesse und arbeitet mit bestehenden Banksystemen zusammen, um die Servicierungsabläufe zwischen den Teams zu orchestrieren. Valley Bank nutzt das System zunächst für die Verwaltung von wertpapierbasierten Sicherheiten und die Servicierung von syndizierten Darlehen und ersetzt damit veraltete Technologien, die umständlich und arbeitsintensiv waren.
Russell Barrett, Chief Operations Officer von Valley Bank, hob die Übereinstimmung der Plattform mit ihren digitalen Ambitionen hervor, während Jeff Allen von Valley Ventures anmerkte, dass es sich um eine kollaborative Designpartnerschaft handelt, die auch anderen Finanzinstituten zugutekommen könnte. Das System von Finley zielt darauf ab, Banken zu helfen, das Darlehensvolumen, die Effizienz und die Genauigkeit in ihren Schuldenkapitaloperationen zu erhöhen.
- Implementation of digital credit management system to improve efficiency
- Replacement of cumbersome legacy technology with modern solution
- Potential to handle increased loan volume without additional personnel
- Partnership with Valley Ventures for future innovation opportunities
- None.
Insights
Valley Bank's implementation of Finley's Credit Management System represents a strategic technology investment that addresses critical operational pain points in their loan servicing infrastructure. By digitizing complex collateral management and syndicated loan servicing, Valley is targeting efficiency improvements in traditionally labor-intensive processes that directly impact their cost-income ratio - a key performance metric for banking investors.
The timing of this deployment is particularly significant given the challenging interest rate environment facing mid-sized regional banks. With compressed net interest margins putting pressure on profitability, operational efficiency has become a important differentiator. Valley's securities-based and syndicated loan portfolios typically involve complex documentation and monitoring requirements that consume disproportionate back-office resources relative to their size.
What makes this partnership noteworthy is that it represents more than a simple vendor relationship - Valley Ventures' involvement signals a strategic investment approach to fintech adoption. This "design partnership" model potentially creates competitive advantages beyond mere cost reduction, as Valley gains early access to technology that could be marketed to other institutions.
From an investor perspective, this implementation addresses three key value drivers:
- Operational leverage - enabling loan portfolio growth without proportional increases in servicing costs
- Risk management enhancement - improving monitoring accuracy and timeliness across complex loan structures
- Capital efficiency - optimizing the deployment of human capital away from manual processes
The focus on securities-based lending is particularly strategic, as this high-margin business line often requires significant collateral monitoring resources that limit scalability. By automating these workflows, Valley positions itself to expand in this attractive segment without corresponding overhead increases.
While the announcement doesn't quantify expected efficiency gains, similar implementations in mid-sized banks typically target 15-25% reductions in loan servicing costs. For context, loan administration expenses generally represent 5-8% of a regional bank's non-interest expense base, suggesting meaningful though not transformative bottom-line impact.
Investors should watch for improvements in Valley's efficiency ratio (currently around 55%) in coming quarters as a tangible indicator of this technology's effectiveness. The true test will be whether this enables Valley to grow complex lending segments at rates exceeding peer averages while maintaining or improving credit quality metrics.
Finley's Credit Management System delivers fully digital experience across Valley Bank's portfolio of credit, including securities-based and syndicated loan portfolios
Finley's Credit Management System is a flexible loan platform designed to help bank middle and back-office teams improve service delivery and efficiency–without having to modify core systems or hire additional personnel. Finley's software platform is the first on the market to enable banks to handle any volume of complex loans across lender-borrower or lender-lender relations. The software is designed to work in concert with existing bank core systems and orchestrate servicing workflows and analysis across all teams.
"This new platform allows us to digitize complex collateral and servicing processes with a differentiated speed and quality that aligns with our digital ambitions," said Russell Barrett, Chief Operations Officer at Valley National Bank. "Finley has been a terrific partner to work with and their innovative system will provide improved efficiencies, accuracy and timeliness for our debt capital operations."
"We are thrilled to collaborate with Finley," said Jeff Allen, Partner at Valley Ventures, the bank's venture capital and innovation division. "This was a true design partnership. Valley came to Finley with a problem statement, and we worked together to build a product that has potential to address needs not only for Valley, but also many other financial institutions. We are excited about the future opportunities this partnership will bring."
Two of Valley Bank's initial use cases on the Finley platform are securities-based collateral management and syndicated loan servicing. Both use cases displaced legacy technology that was cumbersome and labor-intensive to maintain.
"Our Credit Management System is the first modern post-origination solution for complex loans across banks, regardless of how those loans are structured," said Jeremy Tsui, Chief Executive Officer of Finley Technologies. "When we built Finley's digital credit agreement engine four years ago, we targeted the private credit and asset-based lending market. What we've seen now is that the same technology–our digital credit agreement, data pipelines, and calculation engines–work across all loan types."
"We developed the Credit Management System to help banks increase loan volume, increase efficiency, and increase accuracy and timeliness of notices," said Kevin Suh, Chief Technical Officer of Finley. "With Finley, banks no longer have to choose between growing their loan portfolios and maintaining full quality control over their debt capital operations."
For more information, visit Finley's website.
About Finley Technologies, Inc.
Finley is the leading Credit Management System for banks, asset managers, and corporate borrowers. By automating key credit workflows and ensuring credit agreement compliance, Finley streamlines corporate loans for all participants in the credit ecosystem. Finley's software is used by customers such as Valley Bank, Ramp, and Trinity Capital to administer and optimize debt capital operations across asset-backed loans, fund finance, securities-based loans, and syndicated loans. The company is backed by venture capital investors like CRV, Bain Capital Ventures, Y Combinator, Haystack, and Nine Four Ventures.
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SOURCE Finley Technologies, Inc.
FAQ
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