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Partnership Between C2 Systems and Sandbox Banking Enables End-to-End Processing from Initial Loan Request to Account Setup

C2’s integration with Sandbox Banking’s cloud-based GLYUE solution enables bi-directional connections to major core servicing providers for banks and credit unions

C2 Systems, LLC, a leading developer of cloud-delivered, AI-driven loan origination solutions, has partnered with Alphapack Co, dba Sandbox Banking, the provider of cloud-based integration connector, GLYUE. Through this partnership, C2’s Covalent loan origination system is able to seamlessly connect to all of the major core servicing and document imaging solutions offered to banks and credit unions. This partnership extends an already robust feature set in the best-in-class Covalent lending solution for the fastest, most frictionless loan process from application intake through closing and automated booking.

More than ever before, there is a need in the marketplace for financial institutions to provide a wonderful customer experience through the digital channel. This means frictionless onboarding, lightning fast, high quality decisions and automated account boarding and funding. Customers do not want to wait days – or even hours – to secure the loans they need.

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With the fully-integrated Covalent / GLYUE platform, financial institutions can speed the onboarding of new loan requests from their existing customers by pre-filling app entry screens in real-time from the institution’s core servicing system. Once the request is approved and documents are signed through Covalent, booking errors and bottlenecks are eliminated by passing new account information via a “no touch” process to the servicing system.

“We chose Sandbox Banking because of their cutting-edge technology. Their GLYUE connector offers secure, cloud-based connectivity to the bank’s servicing system so that new account boarding is real-time and error free. This is another significant step towards our goal of providing the most intuitive and comprehensive loan origination platform that provides the highest level of customer satisfaction,” said Stephen G. Sargent, president and chief executive officer of C2 Systems. “Sandbox’s connector fits naturally within the design of Covalent and provides a seamless, combined offering.”

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Until now, core system connectivity has been an expensive, time-consuming challenge.    Mapping new account data would often take months to code, test, debug and finally implement into production. GLYUE is a gamechanger…

Sandbox Banking’s award-winning GLYUE integration platform allows business users at banks and credit unions to easily and securely connect fintech products into their existing systems without writing code. No-code integration enables financial institutions to maximize ROI on digital transformation initiatives by building reusable integrations into legacy systems. GLYUE has functionality for business analysts, system administrators, developers and also provides comprehensive regulatory and audit reporting.

“Sandbox works with many talented fintech companies and C2 stood out,” said Ravi Balasubramanian, chief executive officer of Sandbox Banking. “Their experienced team and ability to adapt to customer needs made us feel confident about working with them to build a reusable integration to auto-retrieve and book loans.”

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Sandbox Banking supports ‘out-of-the-box’ integrations with most of the major core banking systems, LOSs, CRMs, online and mobile banking vendors used within the US and Canadian bank and credit union industry. This is different from most generic enterprise bus, ETL or API Gateway providers. Our experienced implementation team partners with our customers and fintechs throughout the course of an implementation to deliver a production-grade integration. Ongoing system and vendor maintenance is handled by Sandbox Banking as well as business requirement changes to integrations over time.

“We are excited to partner with Sandbox Banking and their experienced team to provide C2’s customers with these new, game-changing features in our Covalent product,” said Stephen G. Sargent. “Much of the lending process provided by other software companies continues to be outdated and disconnected and can only support multi-hour, or in some cases, multi-day experiences. Our mission is to enable community and regional banks and credit unions to provide an exceptional customer experience using tools on par or better than those custom developed by the biggest players in the industry.”

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