New tool streamlines personalized loan offers
for financial institutions
DUBLIN,
Calif., July 22, 2024 /PRNewswire/ -- SavvyMoney,
a company powering innovative, market-leading credit score
solutions, today announced Get My
Rate, the first personalized offer automation tool designed
exclusively for financial institutions (FIs).
The new, customized offer tool is set to transform the way FIs
interact with members and non-members, providing unmatched
convenience, tailored experiences and enhanced market reach. Get
My Rate also seamlessly integrates
consumers into the FI's marketing efforts, ensuring that as their
credit profile improves over time or as rates improve, they are
presented with pre-qualified loan options featuring the latest
rates in line with their credit qualifications.
Unlike other conventional, single-stop pre-qualification
solutions in the market, Get My Rate allows users to get
pre-qualified for multiple offers simultaneously and receive
ongoing alerts when rates change in their favor. Additionally,
users benefit from continuous credit monitoring and a comprehensive
set of financial wellness tools, which guide them toward improving
their financial profile over time. These improvements can unlock
better loan opportunities and significant cost savings for
consumers.
"SavvyMoney is thrilled to introduce Get My Rate — the first
tool of its kind — marking a new era of convenience, empowerment,
and expansion," stated JB Orecchia, President & CEO of
SavvyMoney. "Given credit criteria and rates change all this time.
This solution provides a personalized solution that alerts
consumers when the product or rate meets their needs. In an
industry that's rapidly evolving with digital transformation and
increasing consumer expectations, it truly exemplifies our
commitment to reshaping the lending landscape, putting the power of
personalization in the hands of consumers while driving continued
growth for financial institutions."
Other key features and benefits of Get My Rate
include:
- Streamlined consumer pre-qualification for loans, eliminating
uncertainty and stress
- Alerting consumers of progress regarding credit improvement
goals to pre-qualify
- FIs enabled to effortlessly identify and market personalized
offers to consumers
- Expanded market share by simplifying borrowing on consumers'
terms
- Multi-offer pre-qualification and ongoing rate change
alerts
- Continuous credit monitoring and financial wellness tools
- Long-term relationship building between FIs and consumers
"In today's fast-paced financial landscape, consumers expect
personalized, convenient experiences. Our new offer automation tool
meets this demand head-on, revolutionizing how financial
institutions connect with both members and potential customers,"
said David Dowhan, Chief Product
Officer at SavvyMoney. "By providing tailored loan options based on
real-time credit profiles, we're not just streamlining the lending
process - we're creating a more transparent, empowering financial
journey for consumers while driving growth for our partners."
Get My Rate marks a significant
milestone in the convergence of finance and technology, providing
FIs with the power and agility of a fintech while serving as a
powerful customer acquisition tool. By offering free access to
pre-qualification and tools that help consumers improve their
financial wellness over time, FIs can establish long-term
relationships with consumers that go beyond the typically
transactional nature of loan origination. This innovative approach
underscores SavvyMoney's commitment to redefining the financial
landscape with customer-centric solutions that push the boundaries
of traditional banking.
To learn more about SavvyMoney and its solutions for banks and
credit unions, please visit www.savvymoney.com.
About SavvyMoney
A leading provider of credit score
solutions, SavvyMoney serves over 1300 banks and credit unions
across the country. Combining real-time data with digital
personalization tools, SavvyMoney's solutions integrate seamlessly
with over 40 online banking platforms. SavvyMoney's innovative
technology is backed by hands-on service and a commitment to
helping financial institutions strengthen and deepen their customer
relationships. To learn more about SavvyMoney, visit
www.savvymoney.com.
CONTACT:
PANBlast for SavvyMoney
savvymoney@panblastpr.com
Ryan Sonnenberg
Director of Marketing, SavvyMoney
ryan.sonnenberg@savvymoney.com
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SOURCE SavvyMoney