Ridgeland, Miss., March 15, 2023 – Vergent LMS, a premier fintech lending platform, will now offer advanced verification services and streamlined lending processes with its partner, DecisionLogic, a leading provider of consumer and small business bank account and identity verification services for lenders and other financial institutions.
This partnership will provide lenders with the ability to verify a borrower’s identity, bank account number and balance in real-time. The service also provides lenders with access to 365-days of borrowers’ bank account transaction history with a layer of advanced analytics that lead the industry. This automated real-time process empowers lenders to make fast and accurate decisions critical to the success of their borrowers.
“We are thrilled to formally launch our partnership with Vergent and solidify the premiere Instant Bank Verification and Identify Verification product in market for subprime lenders,” said Terri Goddard, EVP of Client Success at DecisionLogic. “Vergent's innovative management platform is a best-in-class solution, and we share values surrounding world-class customer support, a commitment to data quality, and providing friction-free experiences for lenders and borrowers alike.”
Through Vergent, lenders will receive access to a comprehensive suite of APIs to assist with integration and automation, as well as a lender portal that streamlines processes and provides unlimited support for tech teams and customers. Borrowers benefit by receiving live support via phone, chat, or email. This partnership will create a user-friendly experience that eliminates the need for an account or routing number.
“We’re excited to be partnering with DecisionLogic to further assist our clients with their business goals,” said Scott Putnam, CEO of Vergent. “Through this collaboration, we’re able to provide another world-class feature that enhances customer service while also meeting automation needs for lenders and borrowers alike.”
About Vergent Loan Management Software
Vergent Loan Management Software (Vergent LMS) provides an omnichannel lending solution for lending institutions and financial services organizations. Based out of Texas and Mississippi, Vergent offers an end-to-end solution for consumer, small-dollar, auto and online lenders. Founded in 2006, the company serves lenders in the U.S., Canada, Mexico, and Central America. With over $690 billion serviced and 20,000 active users, Vergent offers lenders an intuitive software that seamlessly adapts to any business. To learn more about Vergent LMS, go to vergentlms.com.
About DecisionLogic
DecisionLogic is an information services company built around the predictive power of bank statements. We are a leading provider of consumer and small business bank account and identity verification services for lenders and other financial institutions. As the originator of this technology, we have become bank statement experts and our Instant Account Verification (IAV) solution has become the industry gold standard. Our commitment to “stand behind every bank statement” is unmatched in FinTech.