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Meagan Hermann Email
Head Solutions & Customer Success . BankLabs
Little Rock, AR
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$3.8MAbout
BankLabs, founded by community bankers for community bankers, is dedicated to creating innovative mobile technology solutions that help community banks enhance efficiency, build stronger relationships, and expand business opportunities. We believe that community banking is essential to America's economy, and that personal relationships, physical presence, and effective decision-making are key to a community bank's competitive advantage. To address the challenges faced by community banks from out-of-market competitors, non-bank entities, and regulatory compliance, BankLabs provides web-based, real-time, mobile-capable tools that support community bankers in every aspect of their work. Our flagship product, Participate, is a patented Loan Participation Automation platform designed to streamline and simplify the loan participation process for community banks. This cutting-edge solution fosters collaboration between banks, enabling them to buy and sell loans more efficiently, mitigate risks, and improve their balance sheets. In addition to Participate, BankLabs also automates the Other Real Estate Owned (OREO) management process and offers innovative marketplace technology to help community banks sell properties and remove them from their balance sheets. Previously, BankLabs developed and sold Construct and +Pay, two successful products that were acquired by Abrigo, a company backed by Carlyle-Accel-KKR. By equipping community bankers with the tools they need to succeed in today's rapidly evolving financial landscape, BankLabs is empowering them to thrive and drive local economic growth.BankLabs Address
6001 Valley Ranch DrLittle Rock, AR
United States