ATLANTA--(BUSINESS WIRE)--FactorTrust®, The Alternative Credit Bureau™, announced today an enhanced partnership with eCash Software, a leading software solutions company for small lending institutions, in delivering integrated proprietary data and scores to its lending customers.
FactorTrust’s proprietary database of underbanked and near-prime consumers (those with credit scores of 700 or below) has more than 250 million transactional data records collected in real time. eCash previously implemented FactorTrust’s Military Lending Act (MLA) solution in its verification processes, and is now fully integrating this real-time data across its entire platform. In addition, eCash is also incorporating FactorTrust’s risk-scoring capabilities, further strengthening eCash customers’ ability to more effectively evaluate the creditworthiness of their consumers.
“Lenders are continually faced with the challenge of how to effectively and intelligently manage risk in this market,” said FactorTrust CEO Greg Rable. “By partnering with us, eCash benefits from the analysis of loan performance data we gather daily on millions of underbanked consumers. This not only provides their lender customers with instant lending decisions, but also gives consumers the credit they deserve.”
“Our continued, enhanced partnership with FactorTrust means more value to our customers in finding and doing business with the right consumers,” said eCash Software CEO Scott Putnam. “FactorTrust’s expertise in understanding this market has proven extremely beneficial over the years and our partnership is certainly an asset we pass on to our existing and potential customers.”
FactorTrust has long-provided alternative credit data, analytics and risk scoring information that lenders need to make informed decisions about consumers.
The announcement comes just before eCash Software Solutions’ User Conference July 18-19, in New Orleans, of which FactorTrust is an executive sponsor.
For more information on FactorTrust, please visit ws.FactorTrust.com or contact 866.910.8497.
About FactorTrust
FactorTrust, The Alternative Credit Bureau, is relentlessly dedicated to proven analytics and clean credit information that provide lenders and financial service providers opportunities to grow more revenue, meet compliance regulations and serve more consumers with more credit options. At the core of FactorTrust is alternative credit data analytics and risk scoring solutions not available from the Big 3 bureaus. FactorTrust alternative credit data and analytics accurately predicts risk and the ability to repay near and non-prime consumer loans in real-time. The company’s solutions enable financial service companies an opportunity to uncover creditworthy prospects that are not surfacing via traditional credit sources. Headquartered in Atlanta, the experienced FactorTrust team has delivered unique data and valuable insight to U.S. lenders for more than 10 years. For more information on the quarterly FactorTrust Underbanked Index or the company itself, visit www.factortrust.com. @FactorTrust
About eCash Software
Founded in 2006, eCash Software is a product of eSoftware Solutions, Inc., and is a national leader in consumer financial services software. eCash has custom loan modules, robust reporting and integrated partner features for today’s demanding CFPB-regulated environment. It delivers software that is intuitive, affordable and competitively superior. eSoftware Solutions is an Inc. 5000 Fastest Growing Company in America for 2016, a four-time honoree. Visit eCashSoftware.com, @ecashsoftwre.
