Montecito Bank & Trust has selected Numerated’s real-time sales platform to accelerate growth in business banking.
Numerated’s platform will help the bank to further strengthen its technology improvements that enhance the lending experience for both bankers and business customers.
Numerated said the bank will continuously identify and pre-qualify businesses in their footprint for its marquee credit products and transform how their bankers forge relationships with modern sales and marketing tools.
The financial technology company will also help the bank in real-time borrowing experiences, including loans, lines of credit, and credit cards.
Numerated’s technology will allow Montecito’s business clients to secure capital from the bank in a rapid way.
Montecito Bank & Trust chairman and CEO Janet Garufis said: “This partnership with Numerated further solidifies Montecito Bank & Trust as the best bank for businesses on the Central Coast of California.
“Other banks leveraging their platform have seen impressive growth and we are excited about the opportunity to provide our bankers with state-of-the-art business development tools and our customers with a borrowing experience that takes minutes instead of weeks.”
Founded in 1975, Montecito Bank & Trust is claimed to be the largest locally owned community bank on the Central Coast of California. It operates 14 branches across Santa Barbara and Ventura counties.
The bank has achieved double-digit growth in the most recent year to over $1.5bn in assets.