CHICAGO, December 21, 2021 /PRNewswire/ — Supernova Technology™ announces a partnership with Wintrust Financial Corporation (“Wintrust”) for its new wealth lending solution, the Wintrust Premier Investment Credit Line. Supernova technology is a Chicagoa New York-based FinTech company that is an industry leader with securities lending (SBL) technology.
“As Wintrust continues to advance a holistic approach to advising clients, having a competitive, state-of-the-art 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 allow us to speed up our lending process through an easy-to-use digital platform for our customers and employees. efficiency and powerful analysis tools on the Supernova platform.”
Supernova is committed to being the best of the best by providing cutting-edge solutions to help private banks and wealth management firms offer title loans to a broader segment of their clients. After addressing cumbersome third-party SBL processes that impede adoption and limit scale, Supernova developed a solution that improved and streamlined front-end and back-end processes, benefiting wealth management institutions and their advisors, risk professionals and investors. When institutions adopt Supernova’s technology, they can achieve remarkable results, including dramatically reducing set-up time and ongoing costs.
“Wintrust customers deserve a world-class wealth lending experience,” said Tao Huang, CEO of Supernova. “We are thrilled to add Wintrust to the list of customer-centric companies that use Supernova to achieve exceptional results.”
About Supernova Lending, LLC
Supernova Lending, LLC, a fintech company based in Chicago, has created an end-to-end, fully configurable, industry-leading software solution to automate securities lending from origination through loan life. The company empowers banks, wealth management companies and financial advisors to provide training and software to provide a low interest liquidity solution to a broad segment of their customers. Using state-of-the-art risk monitoring systems, Supernova provides a level of robust information, data analysis and transparency that few in the industry can match. The Supernova Technology trademark is used under license from Supernova Lending, LLC.
Wintrust is a financial holding company with assets of approximately $48 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the “HAVE IT ALL” model, Wintrust offers the sophisticated technology and resources of a major bank while focusing on providing community banking services to every customer. Wintrust operates fifteen community banking subsidiaries, with more than 170 banking locations located throughout the greater Chicago and from the south Wisconsin market areas. In addition, Wintrust operates various non-banking business units, including business units that provide commercial insurance and life insurance premium financing in United Statesa premium finance company operating in Canadaa company providing short-term accounts receivable financing and value-added outsourced administrative services to the temporary employment services industry, a business unit primarily involved in the origination and purchase of residential mortgages for sale on the secondary market through United Statesand companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.
SOURCE Supernova Technology