Edge Capital Honored as a Finalist for the Prestigious Banking Tech Awards
Edge Capital Lending, LLC, located in Bala Cynwyd, Pennsylvania, has made headlines by being named one of the three finalists for this year's Banking Tech Awards. Competing against industry giants like JP Morgan Chase and United Wholesale Mortgage, Edge has distinguished itself in the Innovative Use of Existing Technology category. This recognition underscores Edge Capital's commitment to leveraging technological advancements to optimize its lending operations.
Joy Hanawa, Edge's Director of Technology, Data Analytics, spearheaded numerous in-house automation initiatives aimed at improving workflow. The integration of platforms such as Microsoft Teams, SharePoint, and Power Platform has resulted in tangible enhancements to data integrity, operational efficiency, and reporting accuracy. Each project was designed to utilize existing tools strategically, demonstrating that significant improvements can be made without the need for groundbreaking innovation.
Among the key innovations implemented by the Edge team are several crucial systems designed to streamline data handling processes:
1. Automated Data Transformation: This feature has normalized loan reporting data, enabling deeper insights into portfolio management and risk assessment.
2. ERP Integration: Edge has developed a system for direct file imports—this has eradicated hours of manual data entry tasks each day, thereby freeing up valuable employee time.
3. Bank File ETL: New tools were created for transforming standard bank file outputs which now permit API connectivity and a seamless transition back to standard software versions.
4. Private Cloud Data Lake: A secure, replicated data lake was constructed to provide real-time access to production data, enhancing operational responsiveness.
5. Salesforce Integration: This automated feature intelligently ingests unified loan data, facilitating better visibility and clarity in reporting.
6. Custom Loan Objects: Through dynamic, multi-source data feeds, Edge has crafted tailored Salesforce objects that significantly improve data quality.
These innovations cumulatively reduce manual workloads, cut down costs, enhance data accuracy, and offer secure, real-time access to essential loan and portfolio information.
Joy Hanawa expressed pride in the nomination, stating, "This nomination reflects our team's commitment to operational excellence and innovation. By maximizing existing technology, we've achieved real efficiencies and improved decision-making."
Meredith Carter, President and CEO of Edge Capital, also commented on this recognition. She mentioned, "Being acknowledged alongside major institutions validates our belief that innovation doesn't always necessitate reinventing the wheel. It's about using the tools we have—smarter."
As the awards ceremony approaches, anticipation builds over who will be recognized as the leaders in banking technology. Edge Capital's placing as a finalist signals its rising status in the competitive financial landscape.
As a specialty finance firm focused on providing flexible lending solutions through the innovative application of technology, Edge Capital is undeniably adding value to the asset-based lending market. With backing from a single-family office and a nimble approach unhindered by institutional limitations, Edge emphasizes a data-driven strategy. This dedication to adaptability and innovation will undoubtedly shape the future of its operations.
Winners at the Banking Tech Awards will be announced later this year, and Edge Capital's journey stands as a testament to strategic vision and effective technology utilization in modern banking.
Joy Hanawa, Edge's Director of Technology, Data Analytics, spearheaded numerous in-house automation initiatives aimed at improving workflow. The integration of platforms such as Microsoft Teams, SharePoint, and Power Platform has resulted in tangible enhancements to data integrity, operational efficiency, and reporting accuracy. Each project was designed to utilize existing tools strategically, demonstrating that significant improvements can be made without the need for groundbreaking innovation.
Among the key innovations implemented by the Edge team are several crucial systems designed to streamline data handling processes:
1. Automated Data Transformation: This feature has normalized loan reporting data, enabling deeper insights into portfolio management and risk assessment.
2. ERP Integration: Edge has developed a system for direct file imports—this has eradicated hours of manual data entry tasks each day, thereby freeing up valuable employee time.
3. Bank File ETL: New tools were created for transforming standard bank file outputs which now permit API connectivity and a seamless transition back to standard software versions.
4. Private Cloud Data Lake: A secure, replicated data lake was constructed to provide real-time access to production data, enhancing operational responsiveness.
5. Salesforce Integration: This automated feature intelligently ingests unified loan data, facilitating better visibility and clarity in reporting.
6. Custom Loan Objects: Through dynamic, multi-source data feeds, Edge has crafted tailored Salesforce objects that significantly improve data quality.
These innovations cumulatively reduce manual workloads, cut down costs, enhance data accuracy, and offer secure, real-time access to essential loan and portfolio information.
Joy Hanawa expressed pride in the nomination, stating, "This nomination reflects our team's commitment to operational excellence and innovation. By maximizing existing technology, we've achieved real efficiencies and improved decision-making."
Meredith Carter, President and CEO of Edge Capital, also commented on this recognition. She mentioned, "Being acknowledged alongside major institutions validates our belief that innovation doesn't always necessitate reinventing the wheel. It's about using the tools we have—smarter."
As the awards ceremony approaches, anticipation builds over who will be recognized as the leaders in banking technology. Edge Capital's placing as a finalist signals its rising status in the competitive financial landscape.
As a specialty finance firm focused on providing flexible lending solutions through the innovative application of technology, Edge Capital is undeniably adding value to the asset-based lending market. With backing from a single-family office and a nimble approach unhindered by institutional limitations, Edge emphasizes a data-driven strategy. This dedication to adaptability and innovation will undoubtedly shape the future of its operations.
Winners at the Banking Tech Awards will be announced later this year, and Edge Capital's journey stands as a testament to strategic vision and effective technology utilization in modern banking.
Topics Financial Services & Investing）
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