Thursday, June 08, 2006
Capital City Savings Credit Union to deploy the Covarity Dashboard Commercial Loan Monitoring Solution
(Kitchener, Ontario, June 8, 2006)
Capital City Savings, the largest credit union in Alberta will deploy the Covarity Dashboard commercial loan monitoring software solution.
"The Covarity Dashboard automates the financial analysis processes for our commercial margined operating lines, while also providing improved service to our members." Said Craig F. King, Assistant Vice President, Business Banking, Corporate and Regional Markets at Capital City Savings. "We can be sure we're performing consistent, high-quality financial and credit analysis within the standardized risk framework provided by the Covarity Dashboard."
"We're very pleased and excited to add Capital City Savings as a customer." said Rod Foster, President and CEO, Covarity. "We're confident that the Covarity Dashboard will help enhance its position as a member-focused credit union and a leader in commercial lending in Alberta."
With the Covarity Dashboard, borrowers upload their financial information through a secure web interface, where risk calculations and loan ratio analysis are performed automatically. Lenders have a real-time view of their loan portfolio in a simple dashboard, which immediately identifies risks, opportunities and problem accounts. As a result, lenders are able to make more informed lending decisions and manage their portfolios more effectively.
About Capital City Savings
About Covarity Inc.
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