Partnership to help bridge the communication gap between bankers and their commercial lending clients.
Seattle, WA (PRWEB) August 20, 2013
Finagraph (http://www.finagraph.com), a provider of best-in-class automated financial intelligence tools and data verification to financial institutions, announced today the company has forged a partnership with the renowned Relationship Banking Academy (http://www.relationshipbankingacademy.com) (RBA) to educate tomorrow’s bankers on key financial technology tools to aid in forging long-lasting client relationships. Kyle Enger, CEO of RBA, is an esteemed expert in the field of relationship banking who regularly teaches at top business schools including the Pacific Coast Banking School, Graduate School of Banking at Colorado and Graduate School of Banking at LSU.
Finagraph has partnered with RBA, which specializes in training the bankers of the future—to educate financial professionals on technologies that facilitate better client relationship management practices. This partnership comes at a crucial time for bankers—with a recent study projecting that the top 10 banks in the U.S. risk losing a combined $92 billion in deposits and $5 billion in revenue this and next year due to increased customer dissatisfaction.
“Partnering with Finagraph was a natural fit. The technology allows a banker to have an informed conversation with a business owner in real time, which will ultimately build stronger client relationships by adding value as a trusted advisor. Relationship Banking Academy travels around the country educating bankers about the importance of developing long-term relationships with their most valuable clients, and we believe Finagraph should be a key component of their advisory services,” says Enger, who is also the CEO of the BBI Financial, the parent company of Relationship Banking Academy.
Finagraph displays detailed analytics and information in an easy-to-read visual format. The cloud-based program facilitates across-the-board transparency, data verification and can even cut down loan maintenance expenses by 62 percent. The software securely transmits the last three months of income, expenses, receivables and payables data to the banker by electronically capturing data contained in the most widely used accounting systems.
“We felt both parties could greatly benefit from this partnership. Kyle and his team regularly speak with real-world bankers about best practices and how to proactively engage their clients,” says James Walter, co-founder and CEO of Finagraph. “Technological improvements won’t impede banker-client relationships—just the opposite in fact. By having access to on-demand financial reports of borrowers, bankers can make more informed decisions and preemptively address trouble areas.”
For more information on Finagraph’s innovative financial intelligence tools or to request a demo, please visit http://www.finagraph.com.
Read the full press release here: http://www.prweb.com/releases/2013/8/prweb11041205.htm.