Case Study: Ocean First Bank achieves faster loan decisioning with Biz2X’s automation and decisioning engine

Ocean First Bank automates 250+ loan decisions with Biz2X

Ocean First Bank, a $12 billion regional bank, sought a digital lending solution to support its high volume of small business loan applications. The bank needed a nimble platform with a frontend application and a backend dashboard for its underwriting and credit teams to manage client applications efficiently.

The bank selected Biz2X and leveraged its frontend application, banker portal, and next-generation decisioning engine. This solution automated the approval process, leading to significant results. In 2023, over 250 new loan applications were decisioned through the Biz2X platform, with an average loan amount of $195,000 approved.

Ocean First Bank