Trust Science and TD finalize master services agreement
Image courtesy of Trust Science.
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Almost a week after Canada Day, Trust Science and TD celebrated in another way.
The artificial intelligence-powered credit decisioning and risk management platform announced on Tuesday that it has entered into a bank-wide master services agreement with TD.
According to a news release, TD will initially start by using Trust Science’s income verification and reporting capabilities to provide its clients with fast and secure real-time loan decisioning.
Furthermore, TD Auto Finance (Canada) is the first TD business to use this Trust Science capability. TD Auto Finance has begun rolling out this new capability to its clients through its 5,500 authorized dealers across Canada.
At TD, we’re reimagining what banking can be for our clients said Michael McGhee, who is senior vice president and head of TD Auto Finance Canada.”Working with Trust Science’s solution enables us to offer our dealers and clients a simpler and faster way to do business with us.
“TD Auto Finance is happy to be at the forefront of an agreement between TD and Trust Science, and we look forward to delivering more innovative solutions to our clients in the future,” McGhee added in the news release.
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Trust Science reiterated that it can automate legacy lending workflows and reduce risk, fraud and operating cost for banks, credit unions and consumer finance lenders.
“Trust Scientists are among the best in the world at predicting human behavior,” Trust Science founder and CEO Evan Chrapko said. “TD is harnessing our real-time decisioning platform — and our highly effective, proprietary processes — to get its loan decisions made as quickly as possible with less risk.”