Point Predictive and Sync1 Systems Collaboration at Lendtopia
Point Predictive and Sync1 Systems Transforming Lending Solutions
Point Predictive, a leader in AI-driven consumer lending fraud solutions, has recently joined forces with Sync1 Systems, a premier loan origination platform for credit unions. This partnership, announced during the recent Lendtopia conference, is set to revolutionize the way credit unions manage risk and detect fraud in the ever-evolving landscape of lending.
About AutoPass Integration
The partnership features the integration of Point Predictive's AutoPass into the Sync1 Systems platform, which was launched on September 5. AutoPass is engineered to streamline the loan application process, significantly enhancing efficiency and fraud detection capabilities. It directly addresses the growing issue of auto loan fraud, a staggering $8 billion predicament that many lending institutions face today.
Reducing Fraud Risks
With AutoPass, credit unions can benefit from enhanced decision-making. By analyzing data from over 230 million auto loan applications, the solution illuminates concealed risks, empowering institutions to reduce losses substantially—by as much as 50%. Furthermore, AutoPass allows for smoother approvals for lower-risk members by eliminating unnecessary manual reviews and stipulations.
Promotion and Accessibility
Sync1 Systems is offering enticing incentives for its customers. A 30-day free trial of AutoPass is available, along with a 20% discount on the first year of licensing fees for sign-ups before the year's end. This initiative aims to provide credit unions with the tools they need to enhance their fraud detection measures while maintaining an efficient loan approval process.
Leadership Insights
Tim Grace, the CEO of Point Predictive, emphasized the importance of seamless integration in the lending landscape. He stated, "Credit unions are consistently in search of effective measures to counter fraud without compromising the experience of their members." With AutoPass's incorporation, credit unions can protect their assets more efficiently while streamlining their lending processes.
Key Features of the Partnership
The collaboration not only strengthens fraud prevention measures but also introduces pivotal features that include:
- Utilization of insights from an extensive database of auto loan applications for fraud detection
- Significant reduction in fraud losses for credit unions
- Facilitation of automatic approvals for low-risk members without redundant checks
- Exclusive 30-day trial and discount for new users
Impacts on the Industry
Steve Maloney, the CEO of Sync1 Systems, expressed enthusiasm about the partnership, asserting that it aligns with their mission to equip credit union clients with advanced technology for fraud management and detection. The announcement at Lendtopia highlights the vital role of this integration in transforming credit union operations regarding fraud prevention.
Attendees at Lendtopia have the chance to witness firsthand how these advancements can reshape lending practices. With live demonstrations and discussions, participants can gain a deeper understanding of how AutoPass operates within the Sync1 Systems framework.
About the Companies
Point Predictive, based in San Diego, California, has dedicated itself to enhancing lending confidence and efficiency. With its robust data insights and technology solutions, the company helps lenders swiftly identify authentic disclosures on loan applications, thereby accelerating the funding process while minimizing risks related to early payment defaults.
On the other hand, Sync1 Systems hails from Austin, specializing in loan origination software that prioritizes user experience. Their commitment to innovation and service ensures that they meet the dynamic needs of their partners in the financial services sector.
Contact Information: For further inquiries, reach out to Jacqueline Silva from Point Predictive via email at jacqueline.silva@pointpredictive.com.
Frequently Asked Questions
What is the main purpose of the Point Predictive and Sync1 Systems partnership?
The partnership aims to enhance fraud detection capabilities for credit unions by integrating Point Predictive's AutoPass into Sync1 Systems' platform.
What is AutoPass and how does it help credit unions?
AutoPass is a fraud detection solution that automates loan application decisions, aiming to reduce fraud losses and improve loan capture rates.
Are there any promotions available for Sync1 Systems customers?
Yes, customers can access a 30-day free trial of AutoPass and a 20% discount on the first year's licensing fees if they register by the end of the year.
What insights does AutoPass utilize to detect fraud?
AutoPass leverages data from over 230 million auto loan applications to identify hidden risks and enhance decision-making processes.
Where can attendees learn more about the new integration?
Attendees at Lendtopia can visit the Point Predictive booth for live demonstrations and further information about the AutoPass integration.
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