Artis Technologies, a U.S.-based fintech that provides lending solutions for businesses, announced on Tuesday it has entered into a new bank funding partnership with Drummond Community Bank for its Artis Credit platform. According to Artis, the funding will fulfill consumer loans originating through the company’s Home Improvement portfolio.
Founded earlier this year, Artis Technologies claims it powers modern lending solutions for businesses to provide low-friction, affordable financing to their customers at the point of need.
“Our API-based platforms creatively leverage alternative data sources and ML/AI-informed decisioning to present real-time loan offers fit to each individual borrower, all done within the banking industry’s current regulatory infrastructure.”
Artis reproted that it equips businesses to be the face of that financing while giving banks an easy pathway to gain a new share of the consumer loan market. Speaking about the collaboration, Barclay Keith, CEO of Artis Technologies, stated that the partnership will allow the bank to get affordable financing options in the hands of consumers when and where they need it, and allow merchants the opportunity to grow their business. Matt Gallman, VP Enterprise Risk Officer at Drummond Community Bank, further commented:
“At Drummond, we strive to be the premier community bank in Florida. By partnering with Artis, we’re able to get financing into the hands of consumers in real-time and in their moment of need. Deploying best-in-class solutions through fintech partnerships allows us to continue to grow our bank, generate new customer opportunities, and better serve our community.”
Artis went on to add through the partnership, Drummond Community Bank can grow their loan portfolio at scale, while customizable portfolio attributes allow them to be specific and strategic about distributing their assets