ATLANTA, May 12, 2016 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI), was named to the InformationWeek Elite 100 for its implementation of a new mortgage origination platform.
"To be recognized as one of the top 100 business technology innovators in the country for this initiative is a testament to our commitment to thinking differently about how we operate while continuing to keep a best-in-class client experience front and center," said Anil Cheriyan, CIO, SunTrust.
In early 2013, SunTrust committed to replacing its mortgage origination platform to better meet client needs, ensure consistency and prepare for a rapidly changing mortgage industry and regulatory environment. The implementation was successfully completed on time and gained the bank a competitive advantage with the new technical capability, realizing efficiencies in processes and increasing client satisfaction. The project was completed in 2015.
The InformationWeek Elite 100 research tracks the technology-based investments, strategies, and results of some of the best-known organizations in the country. Unique among corporate rankings,the InformationWeek Elite 100 spotlights the power of business technology innovation. Additional details on the InformationWeek Elite 100 can be found online at http://www.informationweek.com/elite100.
About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses and communities it serves. Headquartered in Atlanta, the company has three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate and institutional clients nationally. As of March 31, 2016, SunTrust had total assets of $194 billion and total deposits of $152 billion. The company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.
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SOURCE SunTrust Banks, Inc.