Amount to Modernize Liberty Bank’s Personal Lending Infrastructure

This week, Amount, a digital origination and decisioning SaaS platform powering account opening, loan origination, and financing, unveiled a partnership with Liberty Bank to modernize its technology infrastructure to originate personal loans from within the bank for the first time. Based in Middletown, Conn., Liberty Bank said it sought to invest in its technology infrastructure with a platform capable of adaptive risk decisioning and a superior end-to-end digital experience.

“The collaboration between Amount and Liberty has already yielded remarkable results,” said Matthew Cammarota, senior vice president and head of retail lending at Liberty, which has more than $7.8 billion in assets. “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,” said Adam Hughes, CEO of Amount. “Liberty is a perfect example of that. We are thrilled to continue our successful partnership, unlocking new opportunities for growth as Liberty continues their strategic expansion.”

Amount is a global digital origination and decisioning SaaS platform powering high-velocity consumer and SMB origination for financial institutions. The company helps banks drive profitability and achieve a performance advantage with a fully integrated and flexible platform underpinned by enterprise bank-grade infrastructure and compliance – enabling banks to deliver new and differentiated offerings within months.

With Amount, banks and credit unions can optimize performance across product categories while tapping into various service offerings including customer acquisition, funnel and performance assessments, and risk analytics. Amount clients include financial institutions collectively managing just over $3.1 trillion assets and servicing more than 50 million U.S. customers.

Established in 1825, Liberty Bank is the oldest and largest independent mutual bank in the country. With $7.8 billion in assets, Liberty has 56 banking offices across Connecticut and two in Massachusetts. A full-service financial institution, Liberty offers consumer and commercial banking, cash management, home mortgages, business loans, insurance and investment services.

Sponsored Links by DQ Promote



Send this to a friend