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IA SYSTEMS Selects
DIGITAL MATRIX SYSTEMS’ Credit
Processing Solution
Strategic alliance delivers high speed,
consistent credit reporting and analysis to the lending process
Albany
(March 4, 2003) -
IA Systems, Inc. (IA), a leading provider
of paperless loan origination solutions announced today its strategic alliance
with Digital Matrix Systems Inc. (DMS), one of the premier developers of
analytic tools and services for the credit industry. The partnership offers
financial institutions the most progressive lending and credit processing
technologies available. In this long-term agreement, DMS will provide its
Internet credit retrieval and dissemination solution, Credit ToolKit™, to be
integrated into StreamLend™, IA’s loan origination system.
“The DMS application
will allow IA Systems to offer our clients high-speed Internet credit retrieval,
consistent report formats and multiple bureau compliancy; much greater
capabilities than with traditional credit processing models.” said Frank Gazeley,
Director of Sales and Marketing at IA.
The Credit ToolKit provides high-speed,
direct Internet access to Equifax, TransUnion, Experian and other credit data
repositories. DMS “normalizes” the data, presenting it in one comprehensive,
custom report. The solution enhances risk analysis with a uniform scaling
method, from application scoring to termination of payments. This data can then
be utilized to continually validate and improve risk models.
“IA Systems is an
innovative software provider and its solutions represent a perfect application
of our technology,” said David Graves, Vice President of DMS’ Decision Control
Services. “We are very pleased that IA Systems selected DMS to be a part of its
long-term business strategy.”
About IA Systems
IA Systems, Inc. (IA), an affiliate of Securian Financial
Network (SFN) and Minnesota Life Insurance Company, is a leading provider of
high-quality software solutions and services that automate business processes
for the financial services industry. With its core product StreamLend™, IA
provides financial institutions with the most advanced systems for their lending
needs. IA is committed to innovating the lending process with advanced
technology, integrated custom solutions, and a knowledgeable staff of lending
experts.
About
Digital Matrix Systems, Inc.
Founded in 1982, Digital Matrix Systems, Inc. (DMS)
has steadily grown into one of the credit industries premier providers of
analytic tools and services. Today DMS continues to focus on providing
unparalleled value to customers by effectively meeting their credit
reporting and data analysis needs. Unique products such as DMS’ Credit Bureau
Simulator™, Summary Attributes, MegaMerge®, and the Internet-based CreditAnalyst™
are complimented by services such as Archive Processing, Risk Modeling, and
Credit Monitoring to address every aspect of the “Risk Analysis Lifecycle.”
Processing at speeds in excess of 30,000 credit reports per hour, Digital Matrix
Systems can be counted on to deliver consistency, accuracy, and value. News and
information about DMS can be found online at www.dms.net or
by calling 1-800-DMS-1800.
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