Summit Technology Group has introduced artificial intelligence capabilities for its cloud-based federal loans and grants platforms, opened a new office in the Washington, D.C. metropolitan area and made key industry hires to support the company’s expansion in the federal sector.
Investments in AI Tech for Federal Loans & Grants Platforms
STG said Tuesday the launch of AI features for its public sector lending and grants platforms marks the company’s investments in AI and machine learning technologies as part of efforts to automate and facilitate loan servicing, detect and prevent fraud, improve security and accelerate complex processes associated with government fund disbursement programs.
“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,” said Bill Webner, CEO of STG’s public sector business.
Key Hires Within Public Sector Business
Webner, a 2024 Wash100 awardee, recently joined STG as head of its public sector business from Capgeminni Government Solutions, where he served as board chair, president and chief executive.
He held executive positions at Booz Allen Hamilton’s (NYSE: BAH) federal business and began his career as an analyst at Freddie Mac.
Kathryn Kienast, a 30-year public sector management consultant, was named executive vice president of client success for STG’s public sector business, bringing to the role her expertise in transformation, financial management and shared services.
Her industry career included time as a managing director at EY, principal at Booz Allen, chief technology officer at A3 Technology, associate partner at IBM (NYSE: IBM) and managing consultant at PricewaterhouseCoopers.
STG also named Marc Tate, a federal and financial technology sales leader, as executive vice president of federal sales for the company’s public sector arm.
He previously held executive roles at Tanium, Amazon Web Services, Booz Allen and PenFed Credit Union.
In addition to the executive hires, STG unveiled a new office in the D.C. metro area to house its growing workforce and support its public sector expansion efforts.
