Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
KYC Scoring, an online platform that allows lending companies (small-time lenders to large banks) to assess the financial risk associated in particular clients, is called KYC Scoring. We can be thought of as an intermediary between lenders. This allows them to share financial information which allows for more accurate KYC verification. Why is this important? A client may apply for a loan and seem low-risk based on their credit history and financial transactions. However, a KYC check of our system reveals that the applicant has multiple outstanding loans and has had applications rejected by other lending companies. This information will help you make better decisions about approvals and to set the terms that are best for your business. Standard credit databases can take up to a week for new financial data to be added, including any outstanding debts. This could lead to a loan being approved, but may be rejected if you have access to live data.
Description
Soft credit inquiries do not affect customer credit scores, which alleviates some of the hesitations that customers might have during the financing estimate phase. To streamline this process, many of our clients prompt customers to complete a straightforward procedure prior to their visit to the dealership. SelectFI enhances and simplifies the method your team employs to access and negotiate deals for customers. This approach minimizes mistakes and accelerates the F&I process for every transaction. Your team will be pleasantly surprised by the outcomes once they utilize our Lender Selector software. The SelectFI Lender Selector is an innovative predictive lending tool that enables dealerships to quickly generate numerous financing estimates from various lenders utilizing just a soft credit pull. Consequently, this leads to increased closing rates, enhanced efficiency for your staff, and improved adherence to regulatory requirements. Given the daily fluctuations in the lending market, it can be challenging to predict which lenders will approve customers based on their credit profiles. Therefore, leveraging advanced tools like SelectFI can ultimately empower your team to navigate these complexities with greater confidence.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
£145
Up to 100 Enquiries
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
KYC Scoring
Website
kycscoring.co.uk
Vendor Details
Company Name
SelectFI
Country
United States
Website
selectfi.com
Product Features
Product Features
Auto Dealer
Accounting
No
Buy-Here-Pay-Here
No
Collections Management
No
Contact Database
No
Customer Database
No
Document Management
No
F&I Management
No
Financing Management
No
Form Printing
No
Inventory Management
No
Lease Management
No
New Car Dealer
No
New Car Lot
No
Online Inventory
No
Parts Management
No
Sales Management
No
Service Department
No
Used Car Lot
No
Website Integration
No