Artis Launches White-Label Lending Solution for Financial Institutions to Drive More Business to SMBs
Summary
Today the company introduced Artis Connect, a cloud-based, white-label lending solution for banks and credit unions to reach more consumers with accessible financing through their own local small- and medium-sized business clients. Artis Connect is ideal for many consumer-facing industries with higher cost products and services, including home improvement, HVAC, plumbing and landscape/hardscape, as well as elective medical, dental, manufacturing, auto repair and more. While Paycheck Protection Program (PPP) loans and the Coronavirus Aid, Relief, and Economic Security (CARES) Act provide some immediate assistance, these short-term cash infusions have limits. Barclay Keith, CEO of Artis Technologies, said, “We believe banks and credit unions can play a critical role in putting America back to work. As a data-driven business, Artis additionally provides services to analyze large data sets in loan portfolios and identify trends that can mitigate risks during uncertain economic times.