Supernova Technology announces a partnership with Wintrust Financial Corporation for their new wealth lending solution, the Wintrust Premier Investment Credit Line. Supernova Technology is a Chicago-based FinTech company that is a leader in the industry with securities-based lending (SBL) technology.
“As Wintrust continues to advance a holistic approach to advising its clients, having a state-of-the-art, competitive SBL solution that can be opened quickly is critical,” said Thomas P. Zidar, Chairman and CEO of Wintrust Wealth Management. “We chose Supernova as our technology partner because their solution will enable us to speed up our loan origination process with an easy-to-use, digital platform for our clients and employees. Our credit and risk teams will also benefit from efficiency gains and powerful analytical tools on Supernova’s platform.”
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Supernova is dedicated to being the best of the best by providing state-of-the-art solutions to help private banks and wealth management firms offer securities-based lending to a broader segment of their customers. After dealing with third parties’ cumbersome SBL processes that hinder adoption and limit scale, Supernova developed a solution that improved and streamlined processes on the front- and back-end, benefiting wealth management institutions and their advisors, risk professionals, and investors. When institutions adopt Supernova’s technology, they can realize remarkable results, including significantly reducing origination time and ongoing costs.
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“Wintrust customers deserve a world-class wealth lending experience,” said Tao Huang, CEO at Supernova. “We’re thrilled to add Wintrust to the list of customer-centric firms who are using Supernova to help drive outstanding outcomes.”
About Supernova Lending, LLC
Supernova Lending, LLC, a financial technology company based in Chicago, has built an industry-leading, fully configurable, end-to-end software solution to automate securities-based lending from origination through the life of the loan.
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