Sagent Lending Technologies Integrates with Innovis Data Solutions for Identity Management
Reducing the Rising Fraud within Today’s Lending Marketplace
King of Prussia, Pa. October 25, 2018 – Sagent Lending Technologies is pleased to announce the integration of Cross Check from Innovis Data Solutions into its Auto Loan Origination System (Auto LOS) to increase lender protections against fraud in today’s increasingly complex marketplace. Cross Check from Innovis is an industry-leading identity verification and fraud detection solution designed to keep a lender’s automated decisioning process flowing smoothly while minimizing the risk of fraud loss. Auto lenders using Sagent’s Auto LOS platform will now be able to view Cross Check verification data to verify consumer-provided application information and to easily clear stipulations without switching to another application, delaying the lending decision.
Cross Check’s verification rates allow lenders to open more accounts with confidence. Its time-saving features increase automated loan approval rates, minimizing the need for manual reviews. Cross Check strengthens compliance efforts with the USA Patriot Act and FACTA Red Flags by detecting inconsistencies in consumer-provided application information and screening against OFAC and other high-risk alerts.
Through Sagent’s Auto LOS solution, the auto loan origination process is streamlined so lenders can make quicker loan decisions at scale. Integrations such as Cross Check make the lending process easier for lenders, while giving borrowers the quick turnaround time that they demand as modern consumers.
“By integrating Sagent’s Auto LOS with Innovis’ Cross Check solution, we’re enhancing our origination platform with a comprehensive suite of validation services for today’s auto lending environment, protecting lenders from fraud, and streamlining the entire loan and lease process for borrowers,” said Charles Sutherland, Chief Product Officer, Sagent Lending Technologies.
“Innovis and Sagent Lending Technologies have a shared goal to make lending safer and more secure for everyone involved while at the same time fueling sound growth and improving service quality to our lenders, their dealers, and their borrowers,” added Bruce Nixon, President of Innovis Data Solutions.
About Sagent Lending Technologies
Sagent Lending Technologies improves the lending experience for everyone. The company’s suite of comprehensive origination, servicing, and processing offerings come together to deliver flexible, scalable, and configurable solutions that deliver on the brand commitments of our clients. With Sagent’s solutions, lenders and servicers can delight borrowers, increase efficiency, and improve agility in an ever-changing compliance environment. Sagent is a joint venture that combines Fiserv Inc.’s decades of market-leading lending expertise with Warburg Pincus’ skill in growing technology companies. Visit www.sagentlending.com to learn more.
About Innovis Data Solutions, Inc.
Innovis offers information solutions to intelligently inform every step of your customer life cycle, from account acquisition to recovery. Innovis’ tools can assist with identity verification and authentication, fraud prevention, receivables management, and credit information. Through the creative application of data and advanced technology, Innovis can help you streamline operations, accelerate application processing, enhance your customer’s experience, and profitably grow your company’s business. Learn more at www.innovis.com.