Name: BankPoint
Brand: BankPoint
SKU: 686ea6c7536d0cb6b08bbb5a
Rating: 4.7 (17 reviews)

Overview of BankPoint Software Company

BankPoint is a privately held software company headquartered in McKinney, Texas, operating under VSI Solutions, Inc. It specializes in bank management and commercial lending software for financial institutions ranging from $100 million to $60 billion in assets.

Founding and Growth

Founded in 1999 as VSI Solutions by experts in mission-critical business systems.
Entered banking in 2002, helping institutions with core system selection and integration.
In 2007, developed ARCS, a loan review and portfolio management tool, which evolved into BankPoint.
Rebranded to BankPoint in 2018, transitioning from consulting to full software development.

Funding and Valuation

Product Offerings and Features

BankPoint provides a comprehensive suite of banking tools, including:

Core Modules:

Loan Origination (Xtend): End-to-end solution from pipeline to core system booking.
Loan Review: Precision sampling, audit trails, and post-review recommendations.
Credit Administration: Relationship tracking, collateral management, and covenant dashboards.
Document Management (DocuPoint): Centralized storage, e-signatures, and automated compliance tracking.

Additional Features:

Portfolio Management
Deposits and Treasury Pipeline
Special Assets and REO Management
CRM Integration (e.g., Salesforce)
Custom Dashboards and Reporting
Examiner Toolkit for audits

BankPoint is available as a cloud-based SaaS and supports on-premise deployments for select clients.

Acquisitions and Product Expansion

Product expansion has been internal, with modules like Xtend and DocuPoint added to enhance functionality.

BankPoint AI and New Features

Recent innovations include:

Xtend: A powerful loan origination module that integrates directly with core systems.
DocuPoint: A secure document portal for external parties with virus scanning and workflow automation.
Impairment Review Module: For tracking loan-level risk and performance

Company Culture and Values

BankPoint emphasizes:

Fanatical customer support
Intuitive and beautiful software design
Integrity and trust in partnerships
Employee empowerment and startup-like culture within a stable company

User Base and Community

BankPoint serves:

Commercial banks, non-bank lenders, private equity, and hedge funds.
Notable clients include:
- TBK Bank ($5.9B)
- Susser Bank ($1.3B)
- Independent Financial ($18.4B)
- NexBank ($9.2B)
- Titan Bank ($512M).

Users praise its scalability, intuitive interface, and ability to outperform legacy systems like Salesforce-based platforms

BankPoint

Claim Your Profile

Alternatives

Categories Associated

Core Modules:

Additional Features: