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Press Release

BankPoint Loan Review System goes live at CenterState Bank

MCKINNEY, Texas, Jan. 7, 2020 /PRNewswire/ — BankPoint, a leading provider of enterprise banking software, announces the production release of the BankPoint Loan Review system at CenterState Bank.

BankPoint is pleased to announce that CenterState Bank, a $17B bank in Winter Haven, Florida, has adopted the BankPoint Loan Review system for use in its production loan review process. The system was chosen in 2019 after an exhaustive survey of leading loan review systems. “We looked at other systems but couldn’t find a solution that fit our process,” said Tom Sheffield, SVP – Loan Review Manager at CenterState Bank. “The BankPoint system fit most of our process out of the box and was flexible enough to adapt in other areas,” said Sheffield.

“Our loan portfolio has grown from $8B to $12B in the last year, and as a result our loan review volume has grown dramatically. We were using a manual process before adopting BankPoint – I can’t imagine how we would be keeping up without the BankPoint Loan Review system,” said Sheffield.

Tom Heruska, the CEO of BankPoint, said the BankPoint Loan Review system has been developed over the last 10 years by working closely with banks like CenterState to refine and enhance the system. “While every bank is different, most banks follow a similar process. The key is matching the bank’s existing templates,” said Heruska. “Most banks use a manual process involving Microsoft Word or Excel to draft each review. BankPoint integrates with the bank’s core system and automatically populates the template, allowing the manual process to be automated while preserving the look and feel of the reviews,” said Heruska.

“The BankPoint team has been great to work with, and was very responsive to our needs,” said Kristen Castro, VP of Loan Review at CenterState. “We’re happy to be up and running on the BankPoint system and feel confident we can handle the continued growth of the portfolio and associated reviews.”

BankPoint provides fintech solutions for banks and non-bank lenders throughout the U.S, Europe, and Asia. The company is based in McKinney, Texas.

Source CISION PR Newswire

BankPoint announces release of new Treasury Pipeline solution for banks

Treasury pipeline solutions

MCKINNEY, TexasAug. 20, 2019 /PRNewswire/ — BankPoint, a leading provider of enterprise banking software, announces the release of a new Treasury Pipeline solution for banks.

“Today, we are excited to announce the release of the BankPoint Treasury Pipeline solution, the latest addition to the BankPoint Enterprise Bank Management System,” said Tom Heruska, CEO of BankPoint.

The BankPoint Treasury Pipeline solution streamlines the time-consuming process of selling, approving, and configuring new treasury services for business customers.

“It’s a real problem for many banks,” said Heruska. Fulfilling a new Treasury service request, such as a request for ACH or Remote Deposit services, typically requires the coordination of multiple people within the bank as well as the end customer. When people are spread across different departments or geographic areas, the time taken to close a new treasury sale can be significantly delayed, leading to lost sales and customer frustration.

“If you’ve got dozens or hundreds of services in the queue, it can quickly become overwhelming,” said Heruska.

BankPoint worked closely with TBK Bank in Dallas to design an intuitive and robust solution that met the bank’s growing Treasury department’s needs. “The system is very simple and easy for our team to use,” said Angela Duwe, SVP of Treasury Management at TBK Bank. “I have people across five states and it’s given them the ability to easily manage the new client on-boarding experience from wherever they are. It’s improving our time to revenue because we can on-board faster.”

The BankPoint Treasury Pipeline brings together a sophisticated workflow engine, electronic approvals, comprehensive task management, and document eSignatures. All of these features work together to remove friction points in the treasury fulfillment process, which allows the bank to close deals faster and keep everyone on the same page.

“The eSign feature has been a game-changer,” said Heruska. “We’ve integrated seamlessly with HelloSign, an award-winning eSign solution, to streamline the document signature process from BankPoint directly to the customer’s inbox. What used to take days can now take hours or minutes.”

Heruska said the solution is already making a big difference for BankPoint customers. “We’re seeing dramatic improvements in throughput for our clients and are excited about bringing the solution to the banking market nationwide.”

BankPoint provides fintech solutions for banks and non-bank lenders throughout the U.S, Europe, and Asia. The company is based in McKinney, Texas.

Want to empower your employees with a system they’ll actually enjoy using? Contact BankPoint or schedule a demo to see how our powerful bank management software, designed by banking experts, can help your team do its best work.

Source CISION PR Newswire

VSI Solutions, Inc. rebrands and will now operate under the name BankPoint

McKinney, TX. February 13, 2019 /PRNewswire VSI Solutions, Inc., a leading provider of enterprise banking software, announces that beginning today, the name of the company’s flagship product, ARCS, is changing to BankPoint.

In addition, the company will now operate under the name BankPoint in order to provide a unified brand for the company and all of its products and services. The longtime trusted solutions provider says this new brand more accurately reflects the company’s vision and strategy in the fintech market.

“The BankPoint name provides a fresh, updated brand that better represents the company we’ve built for our employees, customers, and partners as we work to become the foremost technology platform helping banks to become more efficient,” said Tom Heruska, BankPoint CEO. “VSI Solutions began as a banking technology consulting company in the early 2000s, and the ARCS product was developed in collaboration with our clients beginning in 2008. In the years since, the company has evolved from a consultancy to a software company and we are beyond excited to bring this proven solution to the market under the BankPoint name.”

The BankPoint platform overlays and expands the capabilities of existing “core systems” used by all banks to create a single point of entry for other critical systems that are typically disconnected and difficult to use. “In our years of consulting with banks, we’ve found that many systems don’t get adopted because they are not user-friendly,” said Heruska. “Banks are spending millions on systems that are either abandoned or partially implemented. BankPoint has really changed the game for our customers because it’s so easy to use.”

In addition to the core interface, BankPoint includes solutions for loan review, credit administration, covenant tracking, pipeline loans, workflow, document management, and other areas that are typically managed with manual, offline processes reliant on spreadsheets and Word documents.

Most importantly, bankers are using it. “We have an incredible adoption rate with our customers,” said Heruska. “Once they use it, they’re hooked.”

Want to empower your employees with a system they’ll actually enjoy using? Contact BankPoint or schedule a demo to see how our powerful bank management software, designed by banking experts, can help your team do its best work.