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Supernova Technology and Wintrust Financial are partnering up to launch their new wealth lending solution, the Wintrust Premier Investment Credit Line. Supernova 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.”
Supernova provides fintech solutions to help private banks and wealth management firms offer security-based lending to a broader segment of their customers. After dealing with third party cumbersome SBL processes that hinder adoption and limit scale, Supernova developed a solution that improved and streamlined processes on the front- and back-end. This would go on to help wealth management institutions and their advisors, risk professionals, and investors.
When institutions adopt Supernova technology they can significantly reduce origination time and ongoing costs.
"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."