Today, our team is pleased to welcome Republic Bank of Chicago as a customer—a family-owned financial institution with $2 billion in assets that serves the greater Chicagoland area with 19 locations.
Founded in 1964, Republic Bank of Chicago opened its inaugural branch (the iconic rotunda building on the south side of Chicago, which Midway pilots use as a visual to line up with the runways) over 50 years ago and continues to strive. Building on their commitment to customer service, the bank is dedicated to helping their clients and supporting their communities’ economic growth – living up to their reputation as “Chicago’s Hardworking Bank.”
Looking to streamline its small business lending process to drive growth, the bank turned to Numerated and FIS for powerful data analytics technology that makes credit reviews, risk profiling, pricing and loan closing nearly instantaneous in order to deliver a faster, more efficient loan origination process to qualified applicants.
“Bankers in a service culture, like Republic Bank of Chicago, aim to build an increasing number of deep relationships to offer personalized financial advice,” our founder and CEO, Dan O’Malley shared. “We look forward to arming the team at Republic Bank of Chicago with a platform to attract relationships, meet business owners’ financial needs, and offer a distinctly convenient way to borrow from the bank.”
“We are proud to call Chicago home and embrace our city’s heritage of innovation, hard work, and entrepreneurship,” said Thomas L. Bugielski, President and CEO of Republic Bank of Chicago. “We look forward to empowering our bankers with data and tools to have proactive, personalized conversations with businesses about their financial needs while offering these hard-working business owners the fastest and simplest borrowing experience in Chicago.”
Republic Bank of Chicago, a long-standing FIS client, will benefit from our strategic partnership with FIS, which offers deep data integrations with the core, real-time funding and on-boarding of loans, and accelerated speed-to-market.