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Solutions by Type of Financial Institution
The Covarity Dashboard commercial loan monitoring software solution is applicable
across a wide variety of different types of financial institutions.
Community Banks
The Covarity Dashboard gives community banks unprecedented visibility into their
commercial loan portfolios, helping management monitor exposure to risk. The Covarity
Dashboard can also help community banks to comply with internal audit and external
regulatory requirements.
By automating loan monitoring processes, the Covarity Dashboard gives
community banks the ability to scale efficiently as their lending portfolios grow. And
the Covarity Dashboard gives community banks a means of providing
a level of service to their commercial borrower customers that is superior to that offered
by most larger financial institutions.
For community banks that are just starting commercial lending practices,
the Covarity Dashboard provides a standardized risk management framework that
helps ensure consistent commercial loan monitoring practices right from the start.
Larger Banks/Money Center Banks
The Covarity Dashboard provides large banks with unprecedented visibility into their
commercial loan portfolios. This visibility can help management better monitor exposure
to risk, and can help banks comply with audit and regulatory requirements.
By automating loan monitoring processes, the Covarity Dashboard gives
larger banks the ability to achieve significant operational efficiencies, while providing
a superior level of service to their commercial borrower customers.
Credit Unions
Many credit unions are just starting business lending practices.
The Covarity Dashboard provides these credit unions with a standardized risk
management framework that helps ensure consistent business loan monitoring
practices right from the start, and can help to meet internal audit and
external regulatory requirements down the road.
By automating loan monitoring processes, the Covarity Dashboard also gives
credit unions the ability to scale efficiently as their lending portfolios grow.
Finally, the Covarity Dashboard gives credit unions a means of providing
a level of service to their business lending customers that is superior to that offered
by most larger financial institutions.
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