Encore Bank, a private boutique bank specializing in commercial clients, has partnered with ZSuite Technologies.
The bank says the partnership will grow its business and better serve a larger customer base. It also will offer Encore’s existing clients a new intuitive, digital platform that eliminates manual paperwork and streamlines processes while adhering to applicable compliance requirements.
“At Encore, we are always seeking new ways to leverage innovative technology to meet and exceed the needs of our clients,” Encore Executive Vice President and Director of Business Banking Solutions Nikki Pfleger said. “Conventional escrow and subaccounting processes are complex, manual, time-consuming and a compliance risk. We are thrilled to partner with ZSuite to offer our customers robust, innovative products that are a perfect fit for our business model.”
ZSuite will give Encore Bank customers access to ZEscrow and ZRent. These two SaaS solutions enable financial institutions to increase low-cost, core deposits, improve the customer experience, and reach clients beyond their branch footprint through online channels.
“By offering ZEscrow and ZRent, Encore Bank can differentiate itself from other financial institutions as the demand for digital solutions continues to increase in the new year due to continued changes in consumer demands amid the pandemic,” ZSuite CEO Nathan Baumeister said. “We are excited to play a role in Encore’s business development efforts as it continues to be one of the fastest growing banks in the country.”