Live Oak Bank has successfully deployed Cync Software’s, a provider of digital lending solutions, commercial spreading, credit assessment and portfolio monitoring platform to streamline financial spreading, automate credit risk analysis and monitor covenant compliance across its commercial portfolio.
“Cync’s technology helps us work smarter, reduce manual tasks and provide a more seamless experience for our commercial banking clients,” Steve Smits, head of commercial banking at Live Oak, said.
“We are proud to partner with Live Oak Bank in delivering a technology-driven approach to commercial lending,” Cynthia Miller, director of customer success with Cync Software, said. “This deployment showcases how forward-thinking banks can enhance credit discipline and portfolio management while supporting growth.”
