Request a demo

    Press Release

    TAB Bank Partners with Validis to Support SMB Lending

    TAB Bank Partners with Validis to Support SMB Lending

    TAB implements Validis to help accelerate and de-risk the underwriting process, provide a seamless customer experience and deliver greater business insights

    AUSTIN, May 29, 2019Validis, a pioneer of financial data sharing and standardization technology, announced that TAB Bank has selected its powerful, world-leading platform to deliver a seamless SME lending experience while also gaining deeper insights to speed decisioning and minimize risk.

    Ogden, Utah-based TAB Bank is committed to helping national business owners turn ideas into action and capitalize on new opportunities. TAB Bank offers business financing options driven by unique solutions that combine the security of a bank with the flexibility of a finance company to meet almost any need. To support their continued competitive differentiation, the bank selected Validis’ platform to help underpin the SMB lending process by automating the gathering and consumption of client financials. As a result, the bank will rapidly accelerate and de-risk the commercial lending process.

    Used by the world’s leading financial institutions and accounting firms, Validis provides financial institutions like TAB Bank with fast, easy access to a SME client’s financial data, direct from their accounting application, in a standardized format.

    Banks gain access to their borrower’s accurate, complete and current financial data, which provides greater insights, speeds decisioning and minimizes risk. In turn, TAB Bank’s borrowers will benefit from automating the collection and transfer of their financial data to the bank, leading to quicker decisions. Ultimately, Validis will drive greater growth for TAB Bank’s commercial portfolio and reduce the underwriting process by delivering standardized and complete financials at the touch of a button.

    “At TAB Bank, we firmly believe banking is about relationships — not transactions,” said, Justin Gordon, SVP Sales & Marketing at TAB Bank. “We are dedicated and keenly focused on being a true partner to our small business clients, making Validis a natural fit. With Validis, we have a comprehensive view of our client’s financials, allowing us to work with them in more strategic, intelligent way. We’re confident this will provide tremendous value not only for our bank, but our clients.”

    “We’re excited to work with TAB Bank to help them enhance the SMB lending journey,” said Joel Curry, CEO of Validis. “Validis will provide a secure data pipe that extracts and delivers clients’ financials in real time, standardized for easy consumption. At the click of a button, TAB Bank’s clients connect their own accounting package to the platform. We then extract, analyze and normalize the data to create clear, standardized reports in minutes while providing SME clients with a true digital journey. This is a true game-changer.”

    Ready to try?
    Book your free demo today.