The University of Utah’s new Stena Center for Financial Technology announced a partnership with LoanPro, a modern loan servicing platform.
LoanPro will provide a $300,000 gift and access to their industry-leading lending technology platform to give students and faculty an environment where they can learn, build, iterate and test.
“This is an exciting new partnership with a leader in the fintech industry that will help us accelerate and incubate advances that will continue to strengthen Utah’s reputation as a leader in fintech while also providing hands-on experience for students,” said Taylor Randall, president of the University of Utah.
Funding from LoanPro will be used for student scholarships, to support faculty research and to help support the center’s mission.
LoanPro’s platform can be leveraged across campus by many disciplines. Students and faculty could use the platform to test coding knowledge and principles, learn more about the product development life cycle or perform market or product analysis.
“As a University of Utah alum, I am proud to be partnering with the Stena Center and offering greater opportunities to students. We’re excited to support students who are passionate about solving real-world problems and creating technology that will benefit both individuals and organizations,” said Rhett Roberts, CEO of LoanPro.
Roberts graduated from the David Eccles School of Business in 2006 with a bachelor’s degree in finance. As a serial entrepreneur himself, he’s looking forward to growing and supporting the next generation of business leaders.
As part of the partnership, LoanPro will be making team members available to students and faculty to collaborate on platform functionality and best practices. LoanPro’s goal is to provide students with another resource to enrich and improve their educational experience and create more exposure and collaboration with the fintech industry.
“We’re thrilled about our new partnership with LoanPro,” said Ryan Christiansen, executive director of the Stena Fintech Center. “To work with a leader in the fintech space and that is also committed to the Utah fintech community and building the next generation of fintech leaders is a great fit for the center. We’re excited for what we can do together.”
The Stena Center for Financial Technology launched earlier this year through a partnership with the Stena Foundation and founders Steve and Jana Smith. The center is rapidly growing many new efforts, one of those being industry-sponsored activities with companies like LoanPro.
The Stena Center welcomes students, faculty, community members and companies to get involved by learning more and participating in one of its many new initiatives.
Learn more and connect with the Stena Center for Financial Technology at stena.utah.edu.
About the Stena Center for Financial Technology
The Stena Center for Financial Technology at the University of Utah unites education and industry to accelerate financial innovation and inclusion. It is a collaborative effort of the David Eccles School of Business, the John and Marcia Price College of Engineering and the S.J. Quinney School of Law. Organized as an interdisciplinary effort, the center provides workshops, labs, research, an annual conference and other projects and programs for students, faculty and industry partners. The center collaborates with university faculty to bring together fintech learning, scholarship, innovation, entrepreneurship and knowledge sharing. It fosters an intersection of education and industry to accelerate advances in fintech in the areas of research, commercialization, applied learning and incubation of new ideas and businesses. The center was launched with vision and support from the Stena Foundation, which was founded by University of Utah alumni Steve and Jana Smith to help people thrive by solving big problems. Learn more at stena.utah.edu.
LoanPro’s mission is to expand global prosperity by providing personalized financial products that everyone can trust. The LoanPro platform is purpose-built for building, launching and managing loan programs. The ultra-configurable platform offers a complete loan management solution by consolidating servicing, collections, payment processing, lending CRM, origination enhancement and more into one platform. Built to solve the former inadequacies of loan servicing, LoanPro has benefited from over 15 years of iteration, and today serves over 1,200 clients and over 50 partners across every state and province in North America and Canada. To learn more, visit loanpro.io.