STG is transforming public sector loans, grants, and fraud prevention efforts with its purpose-built, cloud-based solutions.

WASHINGTON: Summit Technology Group (STG) announced Monday, August 19, 2024 that it is launching new artificial intelligence (AI) capabilities for its Federal loans and grants platforms, opening a new office to accommodate its growing workforce, and adding industry and technology experts to guide the company’s next stage of growth.

STG is a leading provider of proprietary, cloud-based lending and grants platforms and solutions for complex public sector, regulatory, and financial workflows. “Our loans and grants platforms are built on best-of-breed modern technologies and are fully cloud native,” said STG’s Public Sector Chief Executive Officer, Bill Webner. STG’s loans and grants platforms deliver the full lifecycle of the loans and grants workflow, including detecting and preventing fraud, waste and abuse, automating underwriting and facilitating integrated loan servicing.

STG investments in AI and machine learning (ML) are an outgrowth from their work inside large commercial banks and aim to simplify, accelerate, and help make more secure the complex processes that businesses, individuals and other borrowers are required to follow to receive funds from the government.

“Our solutions at STG are primarily focused on supporting federal loans and grants program goals. It is very satisfying to see the investments we are making in our platforms deliver very real and immediate benefits to agencies, lenders, the recipients of these funds,” Webner said.

STG’s growth has accelerated over the past five years, driven in part by the important role their technologies played in disbursing funds that helped the nation recover from the pandemic. Additional expansion has spurred the need for expanded office space in the DC metro area and drove the need to bring on additional leaders to support the company’s growth.

Over the past quarter, STG has added three new executives:

Bill Webner, CEO – Public Sector: A 2024 Wash100 award recipient, Bill started his career as an analyst at Freddie Mac, held executive roles with Booz Allen Hamilton’s federal business, and was Chief Executive Officer, President and Board Chair of Capgemini Government Solutions, an independent subsidiary of Capgemini, a global management and technology consulting firm. Bill earned a BA from North Carolina State University, an MLA from St. John’s College and an MBA from The George Washington University.

Kathryn Kienast, EVP – Client Success: A recipient of the Fed100 award for her work in shaping and driving adoption of Federal shared services models, Kathryn has operated as a public sector management consultant for over 30 years with clients that have spanned Federal, State, and Higher Education entities. She specializes in transformation, federal operating models, including shared services, and financial management. Her public sector experience includes executive positions at EY, Booz Allen Hamilton, IBM and PWC. Kathryn received a BS Industrial Engineering from North Carolina State University and a MS Industrial Administration (MSIA/MBA) from Carnegie Mellon University. She is a PMP and a CGFM. She is a member of the Association of Government Accountants and an ACT-IAC Fellow.

Marc Tate, EVP – Federal Sales: Marc brings a wealth of experience in Federal and financial technology sales gained from his executive roles at Tanium, Amazon Web Services, Booz Allen, and PenFed Credit Union. He is an industry-recognized leader in selling technology capabilities and services to the federal government and through the Federal system integrator community. He is actively involved in providing advisory and management consulting support to not-for-profit organizations and is a strong advocate for Diversity and Inclusion initiatives. Marc holds a BS in Business Administration from the University of Mary Washington and MS in Information and Telecommunications Systems from Johns Hopkins University, Carey Business School.

For more information about STG and its federal loans and grants platforms and solutions, please visit thesummitgrp.com.

Fonte: Business Wire