Security Bank & Trust AI Credit Workflow Example
from The Banker Next Door Hosted by Dr. Joseph Bergquist
Security Bank & Trust President Andy Schornack worked with several employees to develop an AI credit workflow solution for processing commercial loans. Andy had investigated several fintech providers and found they had several product solutions, but the costs were prohibitive at five and six figures. These were very high costs for a $1.3 billion community bank to absorb. Andy’s wife, being in the software business, suggested that he try Anthropic’s Claude Cowork. Using Claude, Microsoft Power Platform and SharePoint Andy was able to create an automated workflow solution that was able to replace the current manual process. The cost of this was only a few hundred dollars per month. Andy has worked with his fellow team members to take the workflow through 80 iterations. This is a great example of how AI can work for your bank. This episode reviewed an article from FinXtech titled “How I solved it: Security Bank & Trust uses AI to build credit workflow app.” A link to the article is included below. Link: How I Solved It: Security Bank & Trust Uses AI To Build Credit Workflow App - FinXTech
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