Input 1, a Woodland Hills-based digital billing and payment processing provider for insurance carriers, has been selected to service Universal Bank’s new insurance premium finance business.

Universal Bank, based in West Covina with five branches throughout Los Angeles county, has launched a service for insurance premium financing to manufacturers, restaurant chains, technology companies, storage companies, law firms, or “any business looking to improve their cash flow,” according to the bank. Agents and policyholders will have access to Input 1’s cloud-based billing and payments platform to manage their accounts.

“We are proud to be the technology platform upon which Universal Bank will build their premium finance business in Southern California,” Chris Farfaras, chief sales and marketing officer at Input 1, said in a statement. “Universal Bank and their customer base will get a best-in-class service right out of the box with us, and together we will be able to deliver an exceptional experience to agents and policyholders.”

“We at Universal Bank are very excited to be pairing up with Input 1 and look forward to the contributions their platform will bring,” Armando Carlos, senior vice president of business development at the bank, said in the statement.