LAUNCHER.SOLUTIONS and LexisNexis Risk Solutions Join Forces To Drive Down Risk For Subprime Auto Lenders

USA - English

• USA - English

JACKSONVILLE, Fla., Jan. 2, 2019 /PRNewswire-PRWeb/ -- LAUNCHER.SOLUTIONS (Launcher), a technology provider specializing in subprime automotive loan originations, announced its successful integration with LexisNexis® Risk Solutions, an industry leader in technology, big data, and advanced analytics. The alliance gives subprime automotive lenders access from within Launcher's appTRAKER Loan Origination System to alternative data that could not only help increase lender efficiencies, but also enhance understanding of the risk and credit worthiness of their potential customers.

Launcher created appTRAKER Loan Origination System to cater to subprime lenders who demand more from their software, including the need for quicker decisioning and smoother integration with vendor data that could help lenders make more intelligent credit decisions. In the subprime/nearprime space, credit approvals are not always granted based on a credit score. It is often an arduous process for lenders to sort out the profitable deals from the rest. Launcher's integration with LexisNexis® RiskViewTM offers lenders the ability to utilize non-tradeline data in an automated manner via Autodecisioning to improve credit risk analysis.

"We created appTRAKER Loan Origination System to help lenders build stronger portfolios through a faster, more reliable system with the ideal workflow for subprime...a major part of that workflow is risk assessment," said Nikh Nath, President of Launcher. "Working with LexisNexis Risk Solutions gives our clients access to additional data that can be used for Autodecisioning, risk based pricing, and in conjunction with scorecards resulting in a more streamlined decision-making process."

"Every business today is operating in the decision economy," said Solomon Semere, director, credit risk strategy, LexisNexis Risk Solutions. "When an auto lender can make quick, confident credit decisions, the business is going to grow profitably. This alliance between Launcher and LexisNexis Risk Solutions helps auto lenders thrive in the decision economy and come out the winners."

Lending to subprime consumers is risky for financial institutions, especially when consumers have very little recorded data on their credit file for analysis. Technology now allows lenders access to data that has not been previously available. By collaborating appTRAKER LOS with RiskView, Launcher is able to give its lenders improved credit risk management at the point of decisioning, where it is needed most.

About LAUNCHER.SOLUTIONS: LAUNCHER.SOLUTIONS is a technology products and services company built on the foundation of care, understanding, innovation, and speed. It specializes in the subprime/nearprime automotive lending industry. Its innovative products include appTRAKER LOS, myDEALER.CARE dealer relationship management system, and myACCOUNT.CARE customer self-service and communication solution. LAUNCHER.SOLUTIONS has service offerings aimed at helping its clients with projects related to data analytics, data integration, telephony, and custom web development. Learn more about LAUNCHER.SOLUTIONS at http://www.launcher.solutions or call at 877.5LNCHER. Follow us on LinkedIn at https://www.linkedin.com/company/launcher.solutions.

About LexisNexis® Risk Solutions: LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX Group (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit http://www.risk.lexisnexis.com and http://www.relx.com.

SOURCE LAUNCHER.SOLUTIONS