PROVIDENCE, R.I. - Citizens Bank has been recognized by FinXTech for its small business digital lending platform, launched last year in collaboration with Fundation. The initiative, which makes it easier for business customersto apply and receive approvals for as much as $150,000 in loans, won the 2018 'Best of FinXTech Partnership' award.
'Citizens is committed to meeting the needs of our business banking customers at every stage of their company's life cycle,' said Jack Murphy, president of Citizens Bank Business Banking. 'Our digital loan platform allows us to provide simple, quick access to funds so that small business owners can focus on what matters most to them - running and growing their business so it can reach its full potential. We're honored to be recognized for our continued efforts to deliver on our commitment to customers.'
Sam Graziano, CEO of Fundation, added, 'This recognition reaffirms our belief that partnership is a great catalyst for innovation. Combining Citizens' small business banking expertise with Fundation's digital solutions has created an incredible platform that provides a frictionless end-to-end customer experience.'
Presented by Bank Director and Promontory Interfinancial Network, the Best of FinXTech Awards recognizes bank initiatives developed in collaboration and partnership with fintech companies to better serve existing customers, attract new ones, improve efficiencies, bolster security and promote innovation. For additional information on the awards, please visit finxtech.com/awards.
Learn more about Citizens' Business Banking solutions at www.citizensbank.com/small-business.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $153.5 billion in assets as of March 31, 2018. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,150 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
About Fundation Group LLC
Fundation Group LLC is a digitally-enabled lender and credit solutions provider. The Company develops integrated small business lending solutions with banks, enabling them to optimize their credit delivery process on an omni-channel basis and maximize customer retention. The Company also partners with a variety of organizations that serve the small business market in various capacities to deliver small balance commercial credit products. For more information, please visit www.fundation.com.