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Liberty Bank Partners with Amount to Modernize Technology Infrastructure
Slice of Finance Team
20 Jun
Key Highlights:
Liberty Bank partners with Amount to modernize technology infrastructure.
First-time origination of personal loans within Liberty Bank using Amount’s platform.
Enhanced digital experience with adaptive risk decisioning for customers.
Seamless integration leading to exceeded personal loan growth expectations.
Source (Business Wire)
Notable Quotes
"Since recently launching, Liberty has organically surpassed personal loan growth expectations and demonstrated the effectiveness of Amount's technology. The seamless integration of Amount's platform has enabled Liberty to streamline operations, automate processes, and bring new customers into the bank for cross-selling opportunities, all in-house."
"Increasingly we are seeing the largest lenders in the country invest in their enterprise technology as part of their commitment to serve communities and their clients. We are thrilled to continue our successful partnership, unlocking new opportunities for growth as Liberty continues their strategic expansion."
Our Take:
The partnership between Liberty Bank and Amount signifies a pivotal step in the modernization of banking technology. Liberty Bank’s decision to leverage Amount’s platform for originating personal loans illustrates a broader trend of financial institutions investing in advanced digital solutions to enhance service delivery and operational efficiency. This strategic alliance not only promises to streamline Liberty’s processes but also positions the bank for significant growth by attracting new customers and offering superior digital experiences. As financial institutions continue to prioritize technology upgrades, collaborations like this will be essential for maintaining competitive edge and achieving long-term success in the banking industry.