Summit Technology Group is launching new artificial intelligence capabilities for its federal loans and grants platforms, and adding industry experts Bill Webner, Kathryn Kienast and Marc Tate to guide next stages of growth.
STG experienced notable growth over the past five years. In the past quarter, it added three new executives: Bill Webner, CEO of public sector; Kathryn Kienast, executive vice president of client successes; and Marc Tate, executive vice president of federal sales.
“Our loans and grants platforms are built on best-of-breed modern technologies and are fully cloud native,” said Webner. STG’s loans and grants platforms deliver full lifecycle workflows, including detecting and preventing fraud, waste and abuse, automating underwriting and facilitating integrated loan servicing, the company said.
STG investments in AI and machine learning stem from its work with large commercial banks and help to simplify, accelerate and secure the processes that borrowers are required to follow to receive funds from the government.
“Our solutions at STG are primarily focused on supporting federal loans and grants program goals. It is very satisfying to see the investments we are making in our platforms deliver very real and immediate benefits to agencies, lenders, the recipients of these funds,” Webner said.