Fiserv LeMans Partners With Monetrics
Fiserv Inc. and Monetrics announced plans to develop a joint
interface, tying the
Monetrics Decision Engine to portfolio management software from
Fiserv LeMans. The companies say the combination will enhance Fiserv
LeMans’ existing credit scoring capabilities to
provide an integrated, comprehensive analysis of a
borrower’s total default risk.
"The partnership between Monetrics and Fiserv LeMans
will deliver the technology to automate and expedite
the credit underwriting and credit decision processes,
including optimizing portfolio collections
management," said Kevin Collins, president and chief
executive officer of Fiserv LeMans. "Clients of both
companies will benefit from this new portfolio
management tool."
About Monetrics Technology
Monetrics Decision Engine technology utilizes patent
pending ‘relational decisioning’ that it says
increases the automation rate. The technology emulates
the human decision-making process and enables
loan approvals for applications without
sacrificing automation. This new technology will
permit Fiserv LeMans clients to evaluate and analyze
multiple risk factors consistently in every loan
application decision, according to the company.
About Fiserv Technology
Through its VehicleLinQ product suite, Fiserv LeMans says it
provides an integrated set of solutions for
automotive finance, from contract origination through
termination and resale. Its Credit Processing System
(CPS) is the gateway to the VehicleLinQ solution,
automating the front-end process from application
entry to discounting. According to the company, using CPS and the other
VehicleLinQ components, organizations can manage a
portfolio from credit processing and booking to
collections, including customer service, title
management, inventory tracking, auction sales,
collection of end of term and credit loss recoveries.
The systems include management-defined queuing
capabilities and enable universal memos (memos are
stored in one location and are available to all
systems) for retail, lease and balloon note accounts.
About Monetrics
Headquartered in Beverly, Massachusetts, Monetrics,
Inc. (www.monetrics.com) is a developer of decision
technology and decision support systems for the
finance industry. Using its
Monetrics Decision Engine technology, Monetrics says its
products permit clients to evaluate and analyze
multiple risk factors in all decision making
instances, helping to better evaluate the borrower’s
total default risk.
About Fiserv LeMans
Fiserv LeMans is a unit of Fiserv, Inc.
and can be found on the Internet at
www.fiservlemans.com. Fiserv provides
information management systems and services to the
financial industry, including transaction processing,
outsourcing, business process outsourcing and software
and systems solutions. The company serves more than
13,000 clients worldwide, including banks,
broker-dealers, credit unions, financial
planners/investment advisers, insurance companies and
agents, self-insured employers, lenders and savings
institutions. Headquartered in Brookfield, Wisconsin,
Fiserv reported $2.3 billion in processing and
services revenues for 2002.
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