Leading fintech firms RelPro and Rivel have announced a partnership that will help banks and credit unions increase their efficiency in small and medium-sized business (SMB) development. The collaboration will leverage the expertise and technology of both companies to provide a comprehensive solution for financial institutions looking to expand their SMB portfolios.
RelPro, known for its advanced analytics and risk management solutions, will bring its expertise in data-driven decision making. Rivel, a provider of cloud-based lending and loan origination software, will contribute its cutting-edge technology to streamline the loan process for SMBs.
“We are excited to partner with Rivel to bring our expertise in data analytics and risk management to the SMB lending space. By combining our capabilities, we can help banks and credit unions make more informed lending decisions and support the growth of SMBs in their communities”, said John Smith, CEO of RelPro.
This partnership aims to address the challenges faced by banks and credit unions in the SMB lending space, including a lack of access to capital and complex, time-consuming loan processes. By combining RelPro’s analytics capabilities with Rivel’s streamlined loan origination platform, financial institutions will be able to make more informed lending decisions and offer a more efficient lending experience to SMBs.
“Rivel is thrilled to partner with RelPro to provide a comprehensive solution for banks and credit unions looking to expand their SMB portfolios. Our cloud-based lending platform, combined with RelPro’s analytics capabilities, will enable financial institutions to streamline their loan processes and offer a better experience to SMBs seeking capital”, added Jane Doe, CEO of Rivel.
The partnership is a win for both SMBs and financial institutions. SMBs will benefit from improved access to capital and a more efficient loan process, while banks and credit unions will be able to grow their SMB portfolios and support the growth of local businesses.
“We believe this partnership is a game-changer for the SMB lending space,” said Smith. “By leveraging the expertise and technology of both companies, we can help financial institutions meet the needs of SMBs and drive economic growth in their communities.”