Case Study: Mainstreet Community Bank of Florida cuts loan processing time by 50% with Finastra

Mainstreet Community Bank of Florida cuts loan processing time by 50% with Finastra

Mainstreet Community Bank of Florida, a community bank with $400 million in assets, faced the challenge of scaling its operations to meet growing demand for its lending services. Its manual, spreadsheet-based processes were cumbersome, prone to errors, and limited collaboration, taking up to two weeks to process a single loan application. To support its expansion plans, the bank partnered with Finastra to implement an automated lending solution.

Working with Finastra Global Services, the bank deployed the Fusion CreditQuest solution as part of Finastra's Total Lending bundle. This centralized system automated workflows and enabled seamless collaboration across branches. As a result, Finastra's solution cut the loan application processing time by 50%, from two weeks to under five days, providing faster customer service and equipping the bank for future growth.

Mainstreet Community Bank of Florida