BIRMINGHAM, Ala.--(BUSINESS WIRE)--
Regions
Bank has now launched a simplified, online consumer loan application
and underwriting experience in conjunction with Avant. Earlier this
year, Regions and Avant announced
this agreement, which combines Regions' established banking and online
presence with Avant's technology platform to provide a fast,
convenient digital experience for customers seeking consumer loans.
Customers now have the opportunity to apply on www.regions.com
for an unsecured personal loan (in the $1,000-$35,000 range) from
Regions Bank using the Avant platform. Applicants are assessed and
receive an immediate credit decision, followed by automated verification
steps for final approval.
"At Regions, we take pride in providing an exceptional customer
experience, regardless of how a customer chooses to manage their
finances. With Avant, we can expand our online capabilities, maintain
our commitment to responsible lending and meet more needs of our
customers," said Logan Pichel, head of Regions Consumer Lending.
Avant is an online lending platform dedicated to creating innovative and
practical financial products for all consumers. Through its unique and
highly customized approach to streamlined credit options, Avant has
facilitated more than 500,000 loans worldwide through its online
platform since 2013.
"This marks the first truly integrated platform partnership of its kind
in the online consumer lending category and is changing the game for
brick and mortar banks looking to grow digital capabilities," said Al
Goldstein, CEO of Avant. "Customers ultimately benefit from a
cutting-edge, digital borrowing experience that allows them to meet
their financial needs with convenience and simplicity."
Customers can access the new lending platform at https://www.regions.com/virtualDocuments/unsecured-loan-application.html.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $126 billion in assets, is
a member of the S&P 500 Index and is one of the nation's largest
full-service providers of consumer and commercial banking, wealth
management, mortgage, and insurance products and services. Regions
serves customers across the South, Midwest and Texas, and through its
subsidiary, Regions Bank, operates approximately 1,600 banking offices
and 2,000 ATMs. Additional information about Regions and its full line
of products and services can be found at www.regions.com.
Regions Bank, Member FDIC, Equal Housing Lender.
About Avant
Avant is an online lending platform that is lowering the costs and
barriers of borrowing for consumers. Avant provides access to unsecured
personal loans ranging from $1,000-$35,000 with funding as soon as the
next business day. To date, more than 500,000 customers have been served
worldwide through the Avant platform. Avant has been featured in
publications such as The Wall Street Journal, The New York Times, TechCrunch,
Fortune, Bloomberg and Crain's Chicago Business.
Unsecured loans originated through the Avant platform at www.avant.com are
made by WebBank, member FDIC. Find out more at www.avant.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161011005093/en/
Regions Bank
Mel Campbell, 205-264-4551
www.regionsbanknews.com
Regions
News on Twitter: @RegionsNews
or
Avant
Carolyn
Blackman Gasbarra, 312-763-7510
carolyn.blackman@avant.com
Source: Regions Financial Corporation
News Provided by Acquire Media