Shastic created “Elle,” the automated process coordinator and text messaging platform for financial institutions.

Elle helps move all communication and documents surrounding individual bank processes faster without the need for manual work to increase the productivity of each processes by 400% and lower the risk for underwriting exceptions.

Elle also automatically recaptures up to 15% of online applications that are lost before completion.

Shastic currently serves close to 50 financial institutions in the U.S. and has established key partnerships with mobile banking provider Access Softek and leading online loan origination provider MeridianLink.