Louisville, Ala.-based 22nd State Bank is partnering with cloud software provider Quantalytix for quicker, more personalized loan decisioning.

The $199 million bank’s new cloud-based solution provides loan portfolio reporting, analysis and profitability by leveraging Quantalytix’s Loan Portfolio Management platform, Chris Aliotta, chief executive at Quantalytix, told Bank Automation News.

“One of the most essential things to do is be able to get all that information together to normalize it,” Aliotta said. “We like to effectively smooth out the data so that everything is consistent, the quality of the data can be reconciled and can be ensured.

“Then from that foundation, we can begin building or constructing — if it doesn’t already exist within the platform — the additional dashboard screens or analytics,” he explained. The Birmingham, Ala.-based company was founded in 2016 and has $50,000 in seed funding according to Crunchbase.

The time required to build and integrate a bank’s data into the platform varies by its size and complexity of data stores, Aliotta said, noting it took around three weeks for 22nd State Bank, which has six branches in Alabama, to become fully operational.

The bank implemented the solution to give customers the same digital capabilities as its larger competitors while maintaining the faster, more personalized service of a local bank, Steve Smith, president and chief executive at 22nd State Bank, told BAN.

“We want to stay nimble in our markets and provide the flexible, quick decisions that community banks do, but we want to be able to be on the cutting edge of technological investment advancements,” Smith said.