Wilmington-based WSFS has been focusing on technological upgrades after acquiring Beneficial Bank and merging the operations of the two companies.
Blockchain technology allows documents to move back and forth without the possibility of information being altered.
The new platform eliminates reconciliations and automates transactions.
“We are thrilled to provide our clients with the newest technology available so they can focus on serving their markets,” said Kristin Moore, senior vice president, director, corporate trust, WSFS Institutional Services. “Most technological innovation in the industry to-date has been focused on front-end loan originations. Our work with Intain will allow us to produce trustee reports faster, with more accuracy and access to loan-level detail to investors.”
Read more: https://delawarebusinessnow.com/2020/02/wsfs-intain-collaborate-on-blockchain-based-financial-reporting/