Sagent Lending Technologies, a joint venture between Fiserv and Warburg Pincus that was previously known as Fiserv Lending Solutions, made a move this week to help auto lenders protect against fraud.
The company has integrated the Cross Check identity verification and fraud prevention solution from Innovis Data Solutions into its auto loan origination system.
So now when an auto lender uses Sagent’s Auto LOS product, it can tap into to Cross Check data to verify the application information provided by the consumer, all within the LOS platform, which can help expedite the process.
“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,” Sagent chief product officer Charles Sutherland said in a news release.
Innovis Data Solutions president Bruce Nixon added: “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.”