Financial startup company BBC Easy is working toward streamlining the relationship between banks and their clients by introducing a new cloud-based loan automation program.
According to James Walter, BBC Easy CEO, financial technology is a space that has seen significant growth over the past few years. BBC Easy was founded to bring efficiency to an outdated process.
“In a competitive lending environment, banks need to streamline the lending process and offer easy-to-use customer-facing technology to keep a competitive edge,” he said.
Specially built for financial institutions and commercial borrowers, BBC Easy’s cloud-based automated loan management software promises to modernize the lending process while reducing the possibility of human error. It even claims to cut on cost and also save time to both lenders and borrowers.
This innovative solution can assist financial institutions to easily adapt new technology and experience a record-low interest margins and mandates to focus on commercial and industrial lending.
To showcase its software abilities, BBC Easy is exhibiting at the Finovate Conference happening in San Francisco.
“The tightening of the credit markets a few years ago and the antipathy of the general public toward big banks created an opening for technology innovators to tackle complex problems and inefficiencies in this space,” says Corey Ross, VP of sales at BBC Easy. “We’re now seeing disruptive technology in the financial world evolve from targeting early consumer adopters to shaking up core commercial services at financial institutions, like with BBC Easy. I’m excited to see what other innovations are in store at Finovate.”
BBC Easy recently released a free version of its proprietary software to business owners and their accounting staff to help increase companies’ efficiency and save time when completing their Borrowing Base Certificates (BBC’s) needed for their C & I loans.
The company currently works with national bank branches, community banks and credit unions to bring its user-friendly loan management tools to their commercial borrowers.
Edited by
Rachel Ramsey