MINNEAPOLIS — Wolters Kluwer Financial Services recently revealed that Medallion Bank has joined its AppOne lending platform.

Medallion Bank — which specializes in financing customers with past-credit problems and provides financing to bank-approved marine and RV dealers across the U.S. — will now use Wolters Kluwer’s lending platform to automate the indirect lending, credit approval and compliance processes for the lenders and dealers it works with.

AppOne will “help Medallion Bank automate credit application processing for these dealers,” management stressed.

John Haymond, vice president of business development at Medallion Bank, offered his opinion on the recent news, saying, “Not only will AppOne help us simplify our loan approval and origination process, but it will also help us connect with more marine and RV dealers across the country.

“This is a key benefit for our business as we focus on sustainable growth,” he added.

Jason Marx, vice president and general manager of indirect lending and mortgage at Wolters Kluwer, also noted, “With current economic challenges, dealers need access to more nonprime lenders in particular — even for customers that have good financial standing.

“Working with Medallion Bank supports our goal to provide dealerships with a complete portfolio of lenders to help with the various financing needs of their customers,” Marx continued.