Canopy Servicing Announces Partnership with CBW Bank

Canopy HQ

 ·  By Isabel Magdaleno
Canopy Servicing is partnering with the historic CBW Bank of Weir, Kansas.

We are thrilled to announce our partnership with Kansas-based CBW Bank to enable the next generation of credit and lending products. Established in 1892, CBW Bank has been at the forefront of banking technology. It is one of the leading banks offering lending as a service, as well as tokenization and blockchain securitization.

In working with Canopy Servicing, CBW Bank becomes the first member of the Federal Deposit Insurance Corporation (FDIC) to embrace a fully configurable loan management and servicing platform. 

CBW Bank will integrate Canopy Servicing into its banking as a service offering as well as its own loan repayment and disbursement methods.

This partnership will enable Fintechs at all stages, including early stage Fintechs, to rapidly launch their programs within weeks, while working directly with CBW Bank and leveraging Canopy’s technologies. 

“We are entering a new era of differentiated credit and lending products that are made possible by modern loan management and servicing,” said CBW Bank President Suchitra Padmanabhan. “With Canopy’s advanced and configurable platform, CBW Bank and our Fintech clients can offer highly personalized and transparent credit and lending services.”

Canopy Servicing Co-Founder and CEO Matt Bivons said, “Fortune magazine called CBW Bank ‘a secret weapon for Fintechs’ due to their astute grasp of new technologies. We are incredibly proud to partner with them to reimagine credit and lending to better meet the needs of today’s borrowers and lenders.”

Read the full press release here.

For inquiries into working with CBW Bank contact Canopy Servicing and CBW Bank will be at Lendit Nexus 2022 in Miami, Florida.

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