While attending business school at Pepperdine University in Malibu, CA, President and CEO of Global Wave Group (GWG), Zubin Mehta was bitten by the entrepreneurial bug. After 18 years as a banker, he had seen firsthand the issues within the banking industry that needed attention. He had worked with redundant data entry, poor process flows, data integrity issues, and disparate systems. Mehta discovered he wanted to build a solution that would positively impact the banking industry by improving its processes and technology; however, he also deeply understood the regulations that would govern the project. Mehta built his business plan at Pepperdine and pitched it to his classmates resulting in three partners who helped him fund the venture. Together, they formed Global Wave Group— paying homage to Pepperdine’s mascot, the Wave.
GWG serves banks and financial institutions in two ways: through the Chief Information Officer (CIO) and the Chief Credit Officer (CCO). For the CIO, GWG’s fully compliant and secure platform helps in solving the challenge of ensuring continuous compliance with ongoing regulations while maintaining the security and stability of systems and infrastructure. For the CCO who is faced with increasing regulatory pressure and the need to ensure their banks are highly efficient with squeezed margins, “Our Credit Track is an end-to-end solution for commercial lending and commercial real estate lending that streamlines the process,” says Mehta. Credit Track platform allows bankers to start with their sales and marketing effort by leveraging the CRM component which can lead an opportunity through its origination within the platform. This in turn leverages analysis using the analytics module and allows the banker to underwrite the complexities of the loan. The system then allows the package to be presented for committee or credit approval using the bank’s unique credit policy which drives the business rules in the software. The application obtains documentation via a connection with most loan documentation systems and has a connection with the bank’s core loan accounting platform. Finally, the system tracks and monitors all portfolio metrics and generates dashboards and reports to support management decisions.
An example of GWG’s success with clients can be found in their work with an expanding Regional Bank with assets of approximately $7Billion. The Bank had undertaken a project to determine if they could use process automation to solve a series of efficiency issues that had begun to surface due to their rapid growth. GWG worked with a team of business representatives, IT, and other stakeholders to initiate requirements and functional design sessions. The success of GWG’s team and deployment enabled the Bank to achieve its overall objectives. The Bank expects reduction to their processing time by 70 percent leading to a ROI of less than a year.
Though GWG offers solutions built by bankers for bankers and deep industry knowledge, they believe their key differentiator is their focus on customer service. Each client is provided with a dedicated client relationship manager throughout the life of the relationship. Their implementation methodology is designed to execute on time and on budget every time. According to Mehta, “We build long-lasting relationships with our clients and enjoy an almost 100 percent retention or renewal rate. All our clients are referenceable. It’s always a great feeling when your clients refer to us as a “true partner” rather than just a “vendor”.
April 17, 2017 – (Aliso Viejo, CA) – Global Wave Group, the leading provider of workflow and loan origination solutions for the Banking Industry, is pleased to announce the release of its new Portal Solution that streamlines the document submission process for its Banking Customers. The Portal allows a Bank’s customers to submit loan documentation and related information in an automated, secure manner allowing Banks to gain further operational efficiencies. The Portal works seamlessly with Global Wave’s Credit Track solution; a web-based loan origination, workflow, approval, monitoring and reporting software platform that helps Bankers manage their loan portfolio and mitigate commercial lending risks. The origination process captures data points that are used throughout the loan life cycle, thus eliminating redundant effort and improving data quality. Credit Track helps in the monitoring and tickler process via tracking covenant conditions and required financial submissions. The application has a dashboard feature to track metrics as well as various levels of operational and management reporting. The platform is highly configurable and requires no programming knowledge to make workflow and operational changes.
Zubin Mehta, CEO of Global Wave Group added: “We are excited to be celebrating our 10 year anniversary and are thankful for all our great clients, partners and employees. Our clients continue to rely on our solutions, deep expertise and outstanding customer service to streamline their operations and workflow, and we believe that the Portal Solution continues to demonstrate our commitment to helping Financial Institutions serve their customers more efficiently.”
About Global Wave Group
Global Wave Group provides software and consulting services that enable banks to streamline their commercial credit process. Our management team brings together seasoned professionals in the financial services and technology industries. Our solutions are developed by Bankers, for Bankers. Learn more at www.globalwavegroup.com.
Global Wave Group
Zubin P Mehta
An Exciting Alliance That Brings Credit Track, Portfolio Track, and FISCAL to Clients in a Single Platform
ALISO VIEJO, CA and CHARLESTON, SC–(Marketwired – Mar 31, 2015) – Global Wave Group and Vision Software Solutions (VSS), both leading providers of credit technology solutions for the financial services industry, announce a strategic alliance to further enhance their position in assisting financial institutions in achieving operational excellence in addressing commercial credit risk, workflow, loan operations, and portfolio management. The incorporation of VSS’s FISCAL spreading software with Global Wave’s Credit Track and Portfolio Track platform is expected to bring further efficiencies to both companies in key, high-growth banking markets across the USA through co-marketing initiatives and product awareness.
Our partnership capitalizes on the expertise and strengths of the companies’ innovative commercial loan origination tools and analytic products while driving operational efficiency for future growth.
Clients will have the benefit of the integration of VSS’s FISCAL underwriting analysis and financial spreading component into Global Wave’s CRM, origination, workflow, approval, monitoring and reporting functions, thereby satisfying regulatory demands and internal credit policies. The streamlined data collection and automated approval workflow, coupled with powerful analytics, reports, and dashboards deliver the capability to manage the credit operations in a single platform.
“Today’s announcement is an exciting step for both companies. This alliance enables us to continue to strengthen our position in the market as an end-to-end commercial lending solution provider,” said Zubin Mehta, President/CEO of Global Wave. Barry Brinson, President, Vision Software Solutions adds, “This partnership underscores our long-term market commitment to provide solutions that change and grow with the needs of the institutions we serve.”
About Global Wave Group
Global Wave Group provides software and consulting services that enable banks, credit unions and finance companies to manage risk, streamline their workflow and enhance their credit process. Our value proposition is to enable bankers to become more efficient in processing loans, thereby allowing them to spend more time speaking with their customers and generating new business to help grow the bank’s portfolio.
About Vision Software Solutions
Vision Software Solutions (VSS) provides innovative software systems that equip organizations to increase efficiency and more easily manage operations. For 30 years, financial institutions have relied on FISCAL, our statement spreading and analysis tool, to reduce risk and increase profit in all economies.
Zubin P Mehta
Global Wave Group
ALISO VIEJO, CA–(Marketwired – Nov 14, 2013) – Global Wave is pleased to announce the appointment of Randy M Ruckle as Senior Vice President and Chief Operating Officer. Mr. Ruckle will be responsible for the company’s growth strategy, which includes operations and client management. “I am pleased to join Global Wave Group and become part of this dynamic organization which has developed a superior end-to-end support system for a bank’s credit process from client origination through approval, documentation and ongoing risk management. Global Wave’s Credit Track is the culmination of development achieved by incorporating the concepts, experiences, and needs of bankers directly involved with clients and every step of a bank’s internal processes. Not only does Credit Track provide a superior end-to-end solution, it is configurable for individual client needs and customized processes,” said Ruckle.
A 35-year financial services industry executive, Mr. Ruckle has a combination of experiences ranging from direct client generation and management, through portfolio management, underwriting, credit approval, boarding, and administration, as well as compliance and ongoing risk management both at the client level through the oversight of large portfolios and centralized processes. Mr. Ruckle was responsible for the establishment of centralized underwriting and support for multiple commercial business segments and geographies.
Mr. Ruckle has held positions, including senior management positions, within Union Bank, Standard Chartered Bank and Metrobank. He holds a Bachelor of Arts degree in finance and economics from Indiana University. He also successfully completed the Pacific Rim Bankers’ Program within the Pacific Coast Banking School.
“Global Wave is excited to have Randy on our team. He has a tremendous amount of experience and capabilities that he brings from his prior roles. Randy’s excellent combination of leadership and proven management expertise will further strengthen our commitment and dedication to our operations and client management,” said Zubin P Mehta, President/CEO.
Based in Aliso Viejo, California, Global Wave Group is a financial services technology company. Our business model is focused on helping banks streamline credit operations and become more efficient by use of our technology products, integrating existing systems and leveraging data across the enterprise. Our value proposition is to enable bankers to become more efficient in processing loans, thereby allowing them to spend more time managing customers and generating new business.
ALISO VIEJO, CA–(MARKET WIRE)–Apr 30, 2012 — Rhett Rowe has been appointed as Senior Vice President and Managing Director of National Accounts. Mr. Rowe will be responsible for the company’s organic growth strategy, which includes growing the client base of banks, credit unions and finance institutions across the United States. “I am excited to leverage my skills, experience and knowledge with Global Wave Group. They represent cutting-edge technology with respect to solving credit and portfolio management concerns for varied financial services organizations,” said Rowe.
As a 24-year financial services industry executive, Mr. Rowe has a combination of frontline sales and marketing management experience along with substantial analytical, credit and commercial finance experience. During his career, he has compiled an enviable record of personal achievement in developing strategic growth plans, revitalizing sales operations, building successful sales and credit teams, managing key accounts, spearheading major business development initiatives and optimizing people, processes and capital to improve profits and increase shareholder value.
Mr. Rowe has held executive positions within Key Bank, Fifth Third Bank, Comerica, and Arvest Bank, most recently being named Key Bank’s “2010 Rookie of the Year” and winning the coveted “Extraordinary Leadership” award.
Mr. Rowe’s education includes an MBA in Finance from the University of Detroit (summa cum laude) and a Bachelor of Arts degree in Economics from the University of Michigan. He also successfully completed the Executive Leadership program at the Sam M. Walton School of Business.
“Global Wave Group is excited to have Rhett on our team. He has a tremendous amount of talent and is focused on expanding our sales and marketing strategies. Rhett’s excellent combination of leadership and proven management, expertise will only further strengthen our commitment and dedication to client management” said Zubin P Mehta, President/CEO.
Based in Aliso Viejo, California, Global Wave Group is a financial services technology company. Our business model is focused on helping banks streamline credit operations and become more efficient by use of our technology products, integrating existing systems and leveraging data across the enterprise. Our value proposition is to enable bankers to become more efficient in processing loans, thereby allowing them to spend more time speaking with their customers and generating new business to help grow the bank’s portfolio.
LOS ANGELES, CA–(MARKET WIRE)–Apr 22, 2008 — Toltec Financial, Inc. has engaged Global Wave Group to automate their loan process. Toltec was in the market for a flexible and scalable solution to meet their high volume and customer service needs. Global Wave Group’s Credit Track software, which originates, approves, documents, funds and services loans, was the ideal solution for Toltec.
“Global Wave offered extensive customization that adapted to our unique processes,” said Cesar Rosas, President/CEO of Toltec Financial, Inc. “Global Wave’s emphasis on innovation fit our business model, unlike other options in the market.”
“We welcome Toltec Financial and appreciate their trust in Credit Track. We have worked with Toltec to develop a configurable software solution to adapt to their business process,” said Zubin P Mehta, President/CEO of Global Wave Group.
Based in Santa Ana, California, Toltec Financial is a new, innovative consumer finance company seeking to improve the quality of loan products available to those with limited/no credit history. They value customer education, fair prices, and giving back to the community. In fact, Toltec donates 5% of net profits back to the community. Toltec Financial: Tu Financiera.
About Global Wave Group
Based in Aliso Viejo, California, Global Wave Group is a financial services technology company. Global Wave Group has developed and licenses a commercial lending and portfolio management solution called Credit Track. Credit Track is a web-based loan origination, workflow, approval, monitoring and reporting software suite that helps bankers manage their loan portfolio and mitigate credit lending risks. Global Wave also provides IT consulting specializing in the financial services industry.