The Pandemic accelerated the need for a digital-first banking experience that left many financial institutions rapidly searching for alternatives to the traditional branch visit. Luckily, for Bremer Bank digital transformation wasn’t a new concept.
Bremer Bank is a privately held, $12 billion regional financial institution serving communities throughout Minnesota, North Dakota, and Wisconsin. Since 2018, Bremer has had its focus turned towards what’s next in business banking: digital lending. Through our partnership, Bremer created a fast and simple 5-minute loan product for small businesses long before the pandemic made such a product a necessity.
Their vision and commitment as an early adopter of digital lending technology was instrumental in allowing the bank to serve their customers remotely when the Paycheck Protection Program was introduced last March. Customers were able to transition to PPP through Bremer’s pre-existing digital lending platform creating an efficient customer experience that fostered great success throughout the entirety of the program.
With PPP originations now officially closed, many banks are now starting to navigate the path of digital transformation that Bremer started down years ago.
For Bremer, the end of PPP signifies the opportunity to reflect on the role they played throughout the program, building off their successes as they transition into the new normal. Looking forward, the institution hopes to expand their digital footprint and offer more loans with the customer-centric approach that was the cornerstone of online lending over the last year.
On June 29, 2021, Dan Flaningan, the chief strategy officer at Bremer Bank, joined us for an Insights Session to share more about Bremer’s journey as an early adopter of digital lending.
Watch the on-demand recording to hear Dan speak on a number of topics, including:
- Bremer’s digital lending success story
- The value of a digital lending platform
- Selecting the right fintech partners
- The impact of digital lending on user experience