Credit Card Origination
Partnership Brings Frictionless Credit Card Origination to Community Banks
Bankers’ Bank is collaborating with MK Decision to bring MK’s Credit Card Origination System (CCOS™) to over 100 community bank partners throughout the Midwest. This agreement will allow community banks to offer credit card applicants a streamlined online credit decision experience.
When selecting a system, Bankers’ Bank wasn’t just looking for a product that would provide an industry leading experience, we wanted someone who shared our community values.
With products that drive fee income and cultivate brand identity becoming a central focus for all community banks, removing barriers for interested credit card applicants and improving application processing are critical strategies.
“Many Community Banks are losing borrowers online to Big Banks and FinTechs. This is largely due to antiquated borrowing experiences, paper-intensive application processes, and completely manual underwriting. MK Decision solves these problems with a digital loan origination platform that automates credit decisioning. Decisions that used to take days can now be completed in seconds” says MK’s CEO, Har Rai Khalsa.
Community bank partners with Bankers’ Bank will benefit from:
● Simple, easy-to-use borrower experiences
● Automated credit decisions
● Increased origination volume and fee income
● Reduced operational and compliance burdens
This is a game changer. With MK’s CCOS™ our community bank partners will have the ability to freely market their credit card programs without fear of capacity constraints, fraud or friction.
Each site will be customized to the community bank’s brand. Whether a bank wants a turn-key program or prefers something more hands-on, Bankers’ Bank can meet their needs. The industry-leading origination solution is planned to go live in the second quarter of 2019.
For more information, contact your Correspondent Banker.