Maximize accuracy, efficiency and sales with revolutionary solution
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today the launch of Pricing Program
Advantage, a first-of-its-kind solution for lenders to dynamically
provide borrowers with tailored rates and financial information
consistently across all channels when shopping for auto financing. The
solution incorporates dealer and broker channels, providing greater
visibility into the transaction to help close more applications.
More than 75 percent of consumers consider rate the most important
factor when choosing a lender, according to Expectations & Experiences
quarterly consumer trends survey by Fiserv. However, a majority of
lenders struggle to provide consistent pricing to potential borrowers.
The complexity grows for lenders when the consumer search for financing
becomes increasingly omni-channel, as it has with vehicle selection.
Sixty percent of car buying research is performed online with nearly
half of consumers now comfortable executing a financing transaction in
the same way.
"Too often borrowers show up to a dealer or broker and are presented
pricing that does not match what they were previously quoted, causing
confusion and frustration," said Scott Hendriks, director of product
management, Lending Solutions, Fiserv. "Pricing Program Advantage
ensures a lender's customized rates and information is shared among all
constituents in the transaction."
Pricing Program Advantage simultaneously gives lenders faster response
time and greater control over their financial programs. Unlike custom
built solutions, which can take months to develop, Pricing Program
Advantage is an easy-to-use lender configurable tool that supports an
infinite amount of criteria for lenders to create and manage market
responsive offerings. A single system offering also makes reporting and
adherence to change management policies easier to govern.
The solution was designed in consultation with a number of Fiserv
clients, across lending verticals, to ensure it meets their needs for
managing all of their loan products within an auditable, compliant and
single configurable platform. Input also focused on shaping Pricing
Program Advantage as a revolutionary solution to drive greater
flexibility, transparency, consistency and responsiveness in the way
lenders communicate rates and incentives with all of their customers,
borrowers and dealers alike.
In a world moving faster than ever before, Fiserv helps clients deliver
solutions in step with the way people live and work today — financial
services at the speed of life. Learn more at fiserv.com.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and
deliver financial services experiences that are in step with the way
people live and work today. For more than 30 years, Fiserv has been a
trusted leader in financial services technology, helping clients achieve
best-in-class results by driving quality and innovation in payments,
processing services, risk and compliance, customer and channel
management, and insights and optimization. Fiserv is a member of the
FORTUNE® 500 and has been named among the FORTUNE Magazine
World's Most Admired Companies® for four consecutive years,
ranking first in its category for innovation in 2016 and 2017. For more
information, visit fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171024005123/en/
Elizabeth McMillan, APR
Manager, Public Relations
Source: Fiserv, Inc.
News Provided by Acquire Media