SouthState Bank Expands Equipment Finance Capabilities with LTi Technology Solutions’ ASPIRE and JDR Solutions’ Portfolio Servicing
October 23, 2024 – SouthState Bank is scaling its equipment finance division through an agreement with LTI Technology Solutions and JDR Solutions, which will enhance portfolio management and streamline operations. This strategic collaboration positions SouthState Bank for future growth by leveraging LTi's ASPIRE platform and JDR Solutions' expert servicing capabilities.
Through this agreement, SouthState will enhance operational efficiency, optimize the equipment leasing lifecycle and provide customers with superior service. With ASPIRE's automation, advanced data management tools, and full lifecycle capabilities, SouthState is set to accelerate its equipment finance business.
Why SouthState Bank Chose ASPIRE
“Following a comprehensive search, we selected ASPIRE for its proven track record in successfully managing equipment finance and leasing portfolios, as well as its rapid deployment and proven implementation methodology,” said Chris Hobbs, Division Head & Director of the Equipment Finance Group at SouthState Bank. “As we scale and grow our equipment finance division, seamless data management and accurate financial reporting capabilities are essential, and ASPIRE consistently delivers in these key areas.”
A Collaborative Partnership to Drive Success
“SouthState Bank’s decision to adopt ASPIRE reinforces our commitment to providing best-in-class solutions for the equipment and asset finance industry,” said Tara Aasand, VP Sales and Relationship Management at LTi Technology Solutions. “We are honored to support SouthState’s growth by equipping their team with a platform trusted by top-tier clients across the industry.”
“We are delighted to welcome SouthState Bank to the JDR Solutions family of clients,” said Joey Enevoldsen, Chief Operating Officer at JDR Solutions. “With our deep expertise in the proven ASPIRE platform and decades of experience in portfolio management, I am confident this partnership will foster growth and deliver long-term success for SouthState Bank’s expanding equipment finance division."
About SouthState Bank
SouthState Corporation (NYSE: SSB) is a financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A., the company’s nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than one million customers throughout Florida, Alabama, Georgia, the Carolinas and Virginia. The bank also serves clients coast to coast through its correspondent banking division. Additional information is available at SouthStateBank.com.
About LTi Technology Solutions
With 35 years of industry leadership, LTi Technology Solutions is a global provider of customer-centric, cloud native, full-lifecycle leasing and loan finance platforms. From its Omaha, NE headquarters, LTi serves equipment and asset finance companies, captives, small ticket, middle market, and independent banks throughout the U.S., UK, and Canada. LTi’s highly configurable platform, ASPIRE, empowers customers to scale their business by streamlining the transaction lifecycle. Backed by comprehensive and integrated interfaces, their powerful technology solutions allow for improved efficiencies and decisioning. LTi is the ecosystem of choice of 40% of the Monitor 100, 50% of the Independents 30 and 36% of the Bank 50.
For more information about LTi, call (402) 493-3445 or +1 (800) 531-5086, or visit www.ltisolutions.com.
About JDR Solutions
For over two decades, JDR Solutions has been a leading business process outsourcing (BPO) provider in the equipment leasing and finance industry. With a combined 400 years’ experience in the equipment finance industry and have $18 billion in assets under management in a secure environment. As the premier, software-agnostic service provider of business process outsourcing for the equipment finance industry, JDR specializes in portfolio management, software implementation, hosting services, custom web portals and business consulting. JDR Solutions helps clients across the financial landscape optimize their operations and achieve success through tailored solutions.
For more information about JDR Solutions, visit www.jdrsolutions.com