Northfield Bank to implement the One Vikar solution to enhance the lending experience for their customers and team members.
OLD BRIDGE N.J. July 10, 2023 -- Vikar Technologies (“Vikar”), a leading provider of unified, straight-through digital experiences for the financial services industry announced today that Northfield Bank has selected Vikar to deliver its One Vikar solution for Northfield’s commercial loan lifecycle management processes.
The One Vikar solution provides a straight through digital experience for both borrowers and bank team members for account opening, lending, KYC, annual reviews, and custom reporting across commercial, retail, and wealth management business line.
Vikar’s end-to-end lending solution transforms paper-based, manual, processes with fully automated experiences for relationship managers, underwriters, credit officers, and operations personnel allowing financial institutions to cross-sell from one business unit to the next based on consistent information and insights.
“Vikar helped us reimagine the customer and team member experience,” said Steven M. Klein, Chairman and CEO of Northfield Bank. "Not only are they providing a complete end-to-end digital solution that directly connects to our core processor, but Vikar also brings best in class practices to our team, driving quick decision making and speed of execution."
“We are excited to partner with Northfield Bank to deliver a digital end-to-end solution,” said Glenn Bolstad, CEO of Vikar. “Northfield’s implementation of our One Vikar solution for their commercial loan underwriting and servicing will not only improve the overall experience, but it will continue to improve upon operating efficiencies. Our reporting module and data analysis also provides them with a new powerful tool to produce meaningful business, board, and management reports.”
About Vikar Technologies
Vikar is revolutionizing the way banks do business today. We are the only company providing software in which customers, lenders, branch managers, underwriters, KYC, and operation teams collaborate from a common interface across loans, deposits, treasury, and wealth management. Vikar offers One Vikar, a modern solution with built-in rules and automation supporting today’s demands from both bank clients and employees. The One Vikar solution is built with a holistic view of a bank’s business and completely integrates into the core banking system. The solution covers all business lines: retail, commercial and wealth management; and is available in all three service modes: self, joint and full service. For more information, visit www.vikartech.com
About Northfield Bank
Northfield Bank, founded in 1887, operates 38 full-service banking in Staten Island and Brooklyn, New York, and Hunterdon, Middlesex, Mercer, and Union counties, New Jersey. For more information about Northfield Bank, please visit www.eNorthfield.com.