PrecisionLender Recognized for Business Lending Innovation in 2020 FinTech Breakthrough Awards Program
Prestigious Awards Program Recognizes Outstanding Financial Technology Products and Companies
CHARLOTTE, N.C. – PrecisionLender, a Q2 Holdings, Inc. company and a leading provider of applied banking insights for commercial banks, today announced its digital enterprise coach, Andi®, has been selected as the “Best Business Lending Product” as part of the 2020 FinTech Breakthrough Awards. The program is given by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today.
Andi is a delivery mechanism that puts valuable intelligence and insights in front of commercial relationship managers – everything from simple solves for profitability to ways to expand the overall relationship with the customer. Andi provides suggestions at the most impactful moment for relationship managers – when they are structuring and pricing deals – steering the conversation beyond just rate and term to a host of other solutions that meet the needs of the clients and goals of the financial institution.
Andi is powered by PrecisionLender’s deep dataset of commercial loans, deposits and fee-based accounts. The insights mined from data are the basis of Andi’s “skills,” which are unique recommendations based on a bank's markets, its clients’ industries, and its frontline bankers. Among Andi’s most powerful skills is Market Insights, which provides market-based pricing recommendations. More than 150 banks worldwide used the PrecisionLender platform to price more than $1.9T in commercial loans in 2019.
“The power of real-time insights in the world of FinTech is certainly one of the most exciting developments in recent years, and PrecisionLender is delivering a powerful digital coach that delivers that intelligence to clients,” said James Johnson, Managing Director, FinTech Breakthrough. “With coaching that guides pricing decisions that are more profitable, less risky, and focused on delivering customized service, Andi is an exemplary “breakthrough” business lending innovation that is truly impactful. We’re proud to award PrecisionLender with ‘Best Business Lending Product’ and we’re looking forward to continued “breakthrough” innovation from PrecisionLender in the coming years.”
“Relationship managers instinctively know that one deal can solidify or jeopardize a client relationship, but they don't always have the data and insights needed to improve their sales performance,” said Katharine Briggs, General Manager of PrecisionLender. “Our solutions show the full client relationship story with Andi coaching the relationship manager along the way. Andi presents structuring options, recommends cross-sell products, shares negotiation strategies, and shows the pricing that’s being achieved in the banker’s market – all with the goal of improving the banker’s performance and efficiency. We’re excited about the results our customers are achieving with Andi and extremely proud to receive this 2020 FinTech Breakthrough Award.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2020 FinTech Breakthrough Award program attracted more than 3,750 nominations from across the globe.
PrecisionLender, a Q2 company, is modernizing commercial banking. Its sales and coaching platform empowers bankers with actionable, in-the-moment insights so they win better deals and build strong, more profitable relationships. Andi®, PrecisionLender’s digital enterprise coach, augments banker strengths and intelligence with the latest technology and data, delivering the best recommendations at exactly the right time. 13,000+ bankers at approximately 150 banks—ranging from under $1B to over $1T in assets—use PrecisionLender’s solution. Set your bank apart with PrecisionLender’s applied banking insights. Visit https://precisionlender.com to learn more.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
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