Liberty Bank chooses Amount to modernize consumer lending capabilities

One of the largest and oldest mutual banks in the country has partnered with Amount to build its technology infrastructure to support consumer loan growth strategy
BusinessWireJune 21, 20243 min

Amount, a digital origination and decisioning SaaS platform powering account opening, loan origination, and financing, unveiled a partnership with Liberty Bank to modernize its technology infrastructure to originate personal loans from within the bank for the first time.

With the aim of providing unparalleled service to its customers, Middletown, Conn.-based Liberty Bank sought to invest in its technology infrastructure with a platform capable of adaptive risk decisioning and a superior end-to-end digital experience. This strategic alliance marks a significant milestone in Liberty’s growth as it seeks to better serve its customers with important and timely banking products as one of the country’s oldest and largest mutual banks.

“The collaboration between Amount and Liberty has already yielded remarkable results,” said Matthew Cammarota, Senior Vice President and Head of Retail Lending at Liberty, which has more than $7.8 billion in assets. “Since recently launching, Liberty has organically surpassed personal loan growth expectations and demonstrated the effectiveness of Amount’s technology. The seamless integration of Amount’s platform has enabled Liberty to streamline operations, automate processes, and bring new customers into the bank for cross-selling opportunities, all in-house.”

“Increasingly we are seeing the largest lenders in the country invest in their enterprise technology as part of their commitment to serve communities and their clients,” said Adam Hughes, CEO of Amount. “Liberty is a perfect example of that. We are thrilled to continue our successful partnership, unlocking new opportunities for growth as Liberty continues their strategic expansion.”

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