Payments

Merchants National Bank to digitize lending

March 28, 2023

Merchants National Bank, based in Ohio, has partnered with Teslar Software to digitize lending processes with automated workflows, according to a press release.

Teslar will report and track exceptions for the process, freeing up employees to spend time on other strategic tasks.

"As we've continued to grow, recently crossing the $1 billion dollar threshold, it was clear that Excel spreadsheets and largely manual processes would no longer fit our evolving needs," Linda Smith, VP and head of credit administration at Merchants National Bank, said in the release. "Teslar solves these pain points, incorporating sophisticated technology and automation to save time and reduce the risk of human error. We are confident that the efficiencies gained through Teslar will support us as we enter new markets."