Business
Valley Bank Partners with Finley Technologies to Launch Credit Management System
Finley's Credit Management System delivers fully digital experience across Valley Bank's portfolio of credit, including securities-based and syndicated loan
About this update from Valley National Bancorp
[{"type":"text","content":"Finley's Credit Management System delivers fully digital experience across Valley Bank's portfolio of credit, including securities-based and syndicated loan portfolios\nNEW YORK, Feb. 25, 2025 /PRNewswire/ -- Finley Technologies, Inc., a leading provider of debt capital software, is excited to announce that Valley Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ: VLY), has successfully implemented Finley's Credit Management System, a post-origination loan platform designed to help mid-sized banks automate, grow, and monitor their portfolio operations.\n\n \n \n \n \n \n \n\n \nFinley's Credit Management System is a flexible loan platform designed to help bank middle and back-office teams improve service delivery and efficiency–without having to modify core systems or hire additional personnel. Finley's software platform is the first on the market to enable banks to handle any volume of complex loans across lender-borrower or lender-lender relations. The software is designed to work in concert with existing bank core systems and orchestrate servicing workflows and analysis across all teams.\n\"This new platform allows us to digitize complex collateral and servicing processes with a differentiated speed and quality that aligns with our digital ambitions,\" said Russell Barrett, Chief Operations Officer at Valley National Bank. \"Finley has been a terrific partner to work with and their innovative system will provide improved efficiencies, accuracy and timeliness for our debt capital operations.\"\n\"We are thrilled to collaborate with Finley,\" said Jeff Allen, Partner at Valley Ventures, the bank's venture capital and innovation division. \"This was a true design partnership. Valley came to Finley with a problem statement, and we worked together to build a product that has potential to address needs not only for Valley, but also many other financial institutions. We are excited about the future opportunities this partnership will bring.\"\nTwo of Valley Bank's initial use cases on the Finley platform are securities-based collateral management and syndicated loan servicing. Both use cases displaced legacy technology that was cumbersome and labor-intensive to maintain.\n\"Our Credit Management System is the first modern post-origination solution for complex loans across banks, regardless of how those loans are s...