PLANO, Texas (October 5, 2021) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that Crescent Bank has selected the company’s trended attributes in support of a new and sophisticated modeling approach. New Orleans-based Crescent Bank has been providing auto loans and other banking services to consumers across 32 states since 1991. Read more
PLANO, Texas (August 17, 2021) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that Inovatec Systems (Inovatec) has selected the company’s Data Access Point® connectivity solution to access credit and alternative data sources. In addition, Inovatec will leverage DMS Summary Attributes® in support of their clients that wish to develop custom models. Vancouver-based Inovatec provides cloud-based digital lending solutions to lenders throughout North America and across the globe that drive workflow efficiencies, increase revenue, and reduce operating costs. Read more
PLANO, Texas (June 22, 2021) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that Tricolor Financial (Tricolor) has selected CreditBrowser®, a web-based data access tool that provides clients with efficient access to credit reports delivered in an easy-to-read proprietary format. Dallas-based Tricolor is an AI-driven, tech-enabled Community Development Financial Institution (CDFI) and the nation’s largest used vehicle retailer and lender focused on underserved Hispanic consumers.
CreditBrowser® eliminates the need for additional software, by enabling report access via a standard Internet browser for an intuitive experience with streamlined navigation. Delivery of complete, accurate and easy-to-read credit reports reduces errors and improves readability of business-critical information, which empowers clients to make the best possible lending decisions.
Tricolor provides its customers with access to affordable vehicles and affordable financing using an AI-powered approach to segment risk. The company will leverage CreditBrowser® to access additional credit report data in support of its mission to provide affordable auto finance loans to underserved Hispanic customers. Since Tricolor’s inception they have disbursed over $1 billion in affordable loans to this market, and they look to continue to evolve their support of this consumer group.
“Digital Matrix Systems will be a great partner to us as we continue to evolve our lending platform and analytics capabilities,” said Nick Brown, Chief Lending Officer at Tricolor. “The CreditBrowser platform will enable us to easily expand our access to additional credit bureaus and other data sources, which we anticipate will help us manage risk effectively while also meeting the unique needs of our customer base.”
“We’re excited to work with the team at Tricolor,” said Carson York, Senior Vice President of Business Development for Digital Matrix Systems. “We are proud to help them serve an underserved market and look forward to expanding our partnership as they continue to advance their use of both credit and alternative data sources.”
About Digital Matrix Systems, Inc.
Founded in 1982, DMS is an international risk management solution provider that helps clients leverage the power of data to make better-informed business decisions. Through an integrated product suite, DMS delivers secure access to consumer and commercial credit bureaus, as well as specialty data providers. As a reliable partner, DMS helps leading companies predict and manage risk in a variety of industries, including financial services, insurance, and brokerage services. The company provides data warehousing, advanced analytics, scoring models, and comprehensive consulting services, delivering strategic solutions tailored to each client’s business goals. For more information, visit www.dms.net.
Tricolor, a CDFI, is a tech-enabled, mission-driven, integrated used vehicle platform focused on the underserved Hispanic population which has become the nation’s largest used vehicle retailer and lender for the Hispanic consumer.
Tricolor empowers its customers to enhance the quality of their lives, utilizing advanced data analytics and technology to advance financial inclusion to a highly underserved market and offer responsible, affordable, credit-building auto loans to individuals with no or limited credit history. The company sells and finances high quality, certified used motor vehicles through its premium brands, Tricolor Auto Group in Texas, Nevada, New Mexico, and Arizona and Ganas Auto Group in California.
Headquartered in Dallas, Texas, Tricolor and its affiliate Ganas Auto Group operate over 40 retail dealerships across 14 markets in Texas, California, and Nevada with a shared services center in Guadalajara, Mexico. On a combined basis, Tricolor and Ganas have served over 75,000 customers and disbursed over $1 billion in affordable auto loans by using their proprietary model to segment risk.
Director of Marketing
Cosmo PR for Tricolor
PLANO, Texas (June 8, 2021) – Digital Matrix Systems, Inc. (DMS) announced the next generation of the company’s DMS Summary Attributes® with the launch of Version 6.0. Building on the legacy version’s long-term success, Version 6.0 has been tailored to be more efficient and help lenders gain even more predictive power in their models. This set of 2,622 tri-bureau attributes covers 35 industry groups and nine risk categories. 878 of the attributes leverage trended data that provides a clearer picture of future consumer behavior. Read more
PLANO, Texas (March 24, 2021) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that it has partnered with Enova Decisions, a forward-thinking analytics and decision management technology company. Enova Decisions is part of Enova International, a leading machine learning (ML) and artificial intelligence (AI) powered financial services company. This data and analytics partnership supports the two companies’ common goal of helping lenders get the most value from data and minimize risk in support of effective lending decisions. Read more
PLANO, Texas (March 16, 2021) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that it has developed a process that credit card issuers and lenders can leverage to improve their direct mail offers. Leveraged at the marketing stage of the customer lifecycle, the process uses credit file archives and the company’s tri-bureau DMS Summary Attributes® to create pre-approved offers that generate a greater return of approved applicants. Read more
ADDISON, Texas (December 1, 2020) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that it has made enhancements to its CreditBrowser® platform. CreditBrowser is a web-based data access tool that delivers credit reports in an easy-to-read, proprietary report format. The updated version simplifies access and viewing of Subscriber Code (Subcode) reports. Read more
ADDISON, Texas (June 23, 2020) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that it has entered a strategic alliance with HazardHub, the only third-generation provider of property-level hazard risk databases. The alliance supports the two companies’ common goal of helping leading companies leverage data to make effective business decisions and mitigate risk. HazardHub is also a partner in the DMS TEST/DRIVE® program, which enables clients to easily determine if the company’s data will add value to their business. Read more
ADDISON, Texas (June 9, 2020) – Digital Matrix Systems, Inc. (DMS), announced the availability of a new subset of the company’s DMS Summary Attributes® that have been tailored to help lenders respond effectively to consumer protections afforded by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This set of tri-bureau attributes is available to leverage on both archived and production data. Read more
ADDISON, Texas – September 18, 2019 – Digital Matrix Systems (DMS), an international risk management firm specializing in support of the entire data management lifecycle, including secure access to credit bureaus and data providers, data storage, and analytics, announced a partnership today with ZestFinance, the leader in artificial intelligence (AI) software for credit. The two companies are integrating Zest Automated Machine Learning (ZAML) software with Data Access Point™, a DMS platform that makes it easy to create and deploy credit attributes and scorecards for automated decisions, risk assessment, and probability calculations. Read more
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