Leeds, UK / Frankfurt, Germany / St Gallen, Switzerland / Bozeman, USA – August 31— Zoot Europe has announced that they have won a UK National Technology Award for their Enterprise Origination Solution. The National Technology Awards are a comprehensive celebration of UK technology, organized by ‘National Technology News.’ The awards celebrate the pioneers of new technology and help drive standards and encourage excellence. The judges selected the deployment of Zoot’s enterprise solution to a major motor finance provider as the winner of “Best Enterprise Project.”
Zoot’s award-winning platform is a unique innovation: one single enterprise-level origination platform is able to support multiple products in multiple countries. Such a solution is unparalleled in the motor finance industry. Zoot’s solution maximizes auto acceptance while performing robust risk, AML and fraud checks to optimize profitability. The system reduces third-party data costs and ensures the fastest possible market reaction time with a patented real time change tool. The origination solution reduces reliance on constrained IT staff by providing direct control of the application process to business-users. This facilitates fast and effective change, including the integration of data sources and the subsequent management of data and policy to smooth geographic peculiarities. The solution ensures the best practices in risk management by enabling sophisticated identity verification and credit risk strategies. In addition, affordability checks involving complex income/expenditure calculations provide a transparent view of over-indebtedness.
Adam Jackson, Zoot’s Managing Director, said: “The motor finance industry is going through a period of significant technological change driven by the need to digitalize and modernize legacy systems. We couldn’t be happier our unique service has been acknowledged by industry experts. We have invested heavily in our enterprise level technology in order to give our clients a competitive edge. We are honored to have the respected judges recognize not only Zoot’s significant investments but also the collaborative achievement of both the client and Zoot teams.”
Jackson added, “The opportunities that Zoot’s origination solution provides for lenders is vast, and we look forward to helping more of our clients realize the benefits of deploying cutting-edge origination strategies covering multiple products and countries from within one solution.”
About Zoot
Zoot Enterprises is a global provider of advanced origination, acquisition and decision management solutions for financial institutions. We offer comprehensive and flexible platforms for specific business needs that include loan origination, fraud detection and prevention, data acquisition, and more.
For more than 25 years, we have launched solutions to market faster than the competition. We have partnered with influential U.S. and international organizations including major financial institutions, retailers and payment providers to foster excellence in the financial services industry.
From Data to Decision®
For more information, please visit www.zootsolutions.eu
In the UK call +44 113 2468693.
In Germany call +49 69 405667715.