HSLC adopts Vine’s AI-powered lending platform
$227 million community bank serves Ohio, Kentucky
HSLC has adopted Vine’s AI-powered lending platform to significantly accelerate and streamline its commercial lending operations.
The 130-year-old bank expects the technology to reduce loan processing time from days to hours by eliminating manual document handling and improving data accuracy across its commercial real estate, equipment financing and agricultural loan portfolios, according to a Vine release today. HSLC is a $227 million community bank serving Ohio and Kentucky.
Much of HSLC’s business lending takes place in Lexington, Ky., where it recently added branches. The Vine platform supports the full commercial loan lifecycle, from document reading and financial spreading to document generation.
By implementing the AI-driven system, HSLC plans to reduce reliance on siloed processes and allow its lending team to focus more on building client relationships, according to the release.
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