Digital Matrix Systems to Provide Republic Finance with Data Management and Analytics Support

PLANO, Texas (March 12, 2024) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that Republic Finance has selected the company’s Data Access Point® connectivity solution to access credit and alternative data sources.  In addition, Republic Finance will leverage DMS for an archive analysis and other analytics work in support of their risk management initiatives.  Republic Finance has been helping consumers meet their financial needs since 1952 and places an emphasis on delivering value to its customers and the community.

Data Access Point® is a cutting-edge connectivity hub from DMS that links clients to all three credit bureaus with a single inquiry and delivers the data within a standard XML format. Connectivity via DMS will enable Republic Finance to easily access additional bureaus.

“Digital Matrix Systems will be a great partner to us as we evolve our risk management efforts in support of our commitment to providing the best financial products and services to our customers,” said Bharani Panneerselvam, Sr. Director of Credit Policy & Head of Decision Science and Analytics for Republic Finance.  “We’re glad to work with the DMS team and look forward to collaborating as we continue to advance our analytics approach.”

“We are excited to work with Republic Finance,” said Carson York, Senior Vice President for Digital Matrix Systems.  “They understand the importance of an advanced data management and analytics approach, and we look forward to helping support their efforts.”

About Republic Finance

Founded in 1952, Republic Finance specializes in providing a variety of consumer loans, flexible lending options and incomparable customer service, and has assisted its customers in meeting their personal finance goals for more than 70 years. With branch offices located within Alabama, Arizona, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Ohio, North Carolina, South Carolina, Tennessee, Texas and Virginia. Republic Finance is proud to serve over 350,000 customers in over 270 communities throughout the United States. To learn more, visit www.republicfinance.com.

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.

Media Contacts:

Kim Eakin
Director of Marketing
972-341-0056
keakin@dms.net

Ashley Ponsaa
Director of Marketing
225-927-0005, ext.6151
aponsaa@republicfinance.com

Digital Matrix Systems Powers Enhanced Consumer Dispute Management with Updates to CreditBrowser® Platform


PLANO, Texas (February 14, 2024) – 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 supports batch processing of Subscriber Code reports.  This optional capability will deliver even greater efficiency by reducing manual entry during the submission of inquiries. Read more

Digital Matrix Systems Enhances Capabilities of CreditBrowser® with Addition of Innovis® PinPointe Report

PLANO, Texas (August 31, 2022) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced today that it has enhanced its CreditBrowser® platform through the addition of the PinPointe report from Innovis Data Solutions, Inc. (Innovis), a provider of consumer information and credit data to financial institutions.

Lenders need easy access to tradeline data to quickly respond to consumer inquiries regarding information on their credit reports.  Addressing these customer service calls can be time-consuming and require the lender to contact the credit bureau(s) directly.  It can also involve looking through multiple bureau websites with different user IDs and passwords to find tradeline information across the different bureaus.

The DMS CreditBrowser® platform makes it quick and easy to pull report detail through an enhanced view that stacks the data from each of the desired bureaus.  The information is easily identified by clear headers and bureau-specific colors.  The latest platform enhancement adds the Innovis PinPointe report, enabling clients to easily view tradelines reported to Innovis along with the other major credit bureaus.

“Digital Matrix Systems is an innovative partner that shares our commitment to data, technology, and processes that help drive successful financial institutions,” said Paul Pelletier, VP of Alternative Channels for Innovis.  “We’re glad to work with the DMS team and further enhance lenders’ ability to efficiently investigate consumer requests via CreditBrowser.”

“We are pleased to work with Innovis and provide our clients with an even stronger solution to address consumer credit inquiries,” said Carson York, Senior Vice President for Digital Matrix Systems.  “We appreciate Innovis’ emphasis on empowering both consumers and businesses with data solutions throughout the customer lifecycle.”

About Innovis

Innovis partners with financial institutions to find innovative ways to use information to improve operational efficiency and performance.  Innovis empowers businesses to achieve higher levels of success by providing credit, identity verification and fraud solutions. To learn more, visit www.innovis.com.

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.

Media Contact:

Kim Eakin
Director of Marketing
972-341-0056
keakin@dms.net

Digital Matrix Systems Celebrates Its 40th Anniversary

PLANO, Texas (August 23, 2022) – Digital Matrix Systems, Inc. (DMS), a leading risk management solution provider, announced its 40th anniversary as a provider of data-driven solutions to leading financial institutions and insurance companies.

Since its inception in 1982 by founder and CEO David McGough, DMS has evolved from providing access to data to helping leading companies access the power of that data through advanced analytics.  In the company’s formative years, the credit industry started a shift to automated credit reporting.  DMS was recognized as the first vendor to provide access to all five credit bureaus from a common desktop platform.  Another early innovation was leading the shift from terminal-based credit bureau access to PC-based access.

Over the past 40 years, Digital Matrix Systems has introduced numerous solutions that help companies manage risk and improve the efficiency of their operations.  The DMS solution suite provides broad support of critical business activities, including loan origination, risk management, marketing, fraud mitigation, collections, and consumer dispute resolution.  The company works collaboratively with its clients and is currently honored to support a client roster of over 500 companies.

In recent years, company highlights include a corporate headquarters move to Plano, TX, the release of the next generation of DMS Summary Attributes®, the launch of DMS TestLab®, and enhancements to the CreditBrowser® platform.  Aaron Trentacosta, who previously served as VP of Operations, was named Executive Vice President in June.

“I’m proud of what our team has accomplished and DMS’ continued innovation on behalf of our clients,” said David McGough, President and CEO for Digital Matrix Systems.  “I want to thank our clients for the trust that they place in us and our employees for their commitment and dedication to delivering exceptional quality to our clients each and every day.”

For more information about Digital Matrix Systems and the company’s evolution, please visit www.dms.net.

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.

Media Contact:

Kim Eakin
Director of Marketing
972-341-0056
keakin@dms.net

Inovatec Systems Selects Data Access Point® from Digital Matrix Systems


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

Digital Matrix Systems to Provide CreditBrowser® to Tricolor Financial

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.

About Tricolor

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.

Media Contacts:

Kim Eakin
Director of Marketing
972-341-0056
keakin@dms.net

Stephanie Hicks
Cosmo PR for Tricolor
805-295-9455
stephanie@cosmo-pr.com

Digital Matrix Systems Announces Next Generation of DMS Summary Attributes® with Increased Predictive Power


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

Digital Matrix Systems Partners with Enova Decisions to Meet the Risk Management Needs of Nonprime Lenders


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

Digital Matrix Systems Introduces a Better Way to Select Potential Borrowers


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