KeyBank Overhauls Consumer Lending with Oracle – QNT Press Release


Oracle Financial Services helps KeyBank improve service to customers with real-time, non-real estate loans

AUSTIN, Texas and CLEVELAND, Sept. 21, 2022 /PRNewswire/ — KeyBank, one of the US’s largest financial services companies, has modernized its non-real estate consumer lending process with Oracle. KeyBank provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states through a network of 1,000 branches. With Oracle Banking Originationsthe bank can now service loan accounts in real-time from the initial application through to payments and collections, helping eliminate delays, and improve customer service.

“At KeyBank, we understand you cannot ‘kick the can’ on modernizing legacy banking systems if you wish to remain competitive, foster innovation, and maintain operating costs,” said Kim SnipesKeyBank’s, CIO of Consumer and Digital. “Financial institutions must implement modern, modular API-driven real-time systems. Oracle provided the foundation we needed to accelerate our digital transformation efforts across our consumer-facing digital channels and key enterprise operations. With Oracle, we were able to successfully move an active …

Full story available on Benzinga.com



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