Banterra Bank Joins Wolters Kluwer Financial Services’ AppOne Platform

Bank Seeks to Simplify and Enhance Loan Origination Process

MINNEAPOLIS--(BUSINESS WIRE)-- Wolters Kluwer Financial Services today announced that Banterra Bank has joined their AppOne® platform, which helps expand dealer networks by connecting marine, recreational vehicle and power sports dealers with lenders to automate the funding process.

The AppOne platform helps simplify the preparation of loan documents, automates credit application processing and connects dealers with lenders, thereby facilitating regulatory compliance, reducing costs, and improving margins. The system serves both dealers and lenders. It reduces the number of contracts held up for funding, which means more satisfied clients drive away from the dealership in their purchase without delay.

“Our dealer customers today are faced with increasingly challenging compliance requirements, and we are committed to help alleviate the burdens of complicated F&I functions,” said Jeff May, president of Banterra Bank. “Joining the AppOne platform significantly improves our ability to meet the needs of our dealers so they, in turn, can focus their energy on meeting the needs of their customers.”

“AppOne is a significant new tool that will help all parties meet compliance and legal requirements while simplifying the end-to-end process,” he added.

“We are committed to helping ease the compliance burden for our partners so they can focus on growing their businesses safely and profitably,” said Brad Fleener, senior director and general manager of Indirect Lending at Wolters Kluwer Financial Services. “AppOne will help Banterra Bank build their indirect loan portfolios and ensure a continued focus on their customers.”

For more information, visit www.wolterskluwerfs.com/indirect.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

About Banterra Bank

Banterra Bank began as a single bank in Ridgway, Illinois in July 1975. Today, Banterra is the largest, locally-owned bank in the region with more than $1.3 billion in assets and 35 locations throughout Illinois, Indiana, Kentucky and Missouri. For more information, visit www.banterra.com.

Wolters Kluwer Financial & Compliance Services
Chuck Miller, 320-217-9193
Director, Corporate Marketing & Communications
[email protected]
On Twitter: @charleswmiller

Source: Wolters Kluwer Financial Services

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