Supernova Technology announces a partnership with Old National Bancorp (“Old National”) (NASDAQ: ONB) for their recently enhanced wealth lending solutions, Old National Private Prestige Line of Credit and Old National Private Elite Line of Credit. Supernova is a Chicago-based FinTech company that is a leading solution provider for digital wealth lending solutions.
“Our goal was to expedite access to lines of credit for our clients using a proven digital platform,” said Chady AlAhmar, Wealth Management CEO for Old National. “Supernova was the ideal partner to help us get there quickly and improve the client experience in the process.”
Supernova is dedicated to building the best-in-class digital solutions to enable banks to provide wealth lending with speed, transparency, and ease of use. By designing a solution centered around advisors and private bankers, Supernova’s solution automates the gathering of information from disjointed systems and supports rule-based decisioning and workflow configuration to achieve efficiency and more proactive setup of lines. Supernova’s collateral monitoring and management capabilities enable risk and credit professionals to gain real-time insights on pledged collateral and the health of their loan book by simulating what-if scenarios to mitigate potential risks.
“Gone are the days of manual processes that hinder a client’s access to quick liquidity,” said Tao Huang, CEO at Supernova. “Old National clients deserve a best-in-class solution that is fast and easy-to-use. We are thrilled to add Old National to the list of firms using Supernova to help drive exceptional customer experience and satisfaction.”
Source: Company Press Release
