Case Study: Top 50 Publicly Traded U.S. Enterprise Bank launches indirect auto lending in 3 months with defi SOLUTIONS

Top 50 Publicly Traded U.S. Enterprise Bank - Customer Case Study

A top 50 publicly traded U.S. enterprise bank with more than $30 billion in assets decided to enter the indirect auto lending market after another enterprise lending institution shut down its indirect auto business. The bank needed to move quickly, had already hired credit and sales team members, and had no prior experience in indirect auto lending. It turned to defi SOLUTIONS for loan origination and servicing solutions.

defi SOLUTIONS helped the bank launch its new indirect auto lending business in three months. The vendor advised on team involvement, used Agile methods to keep the project on track, configured the system to the bank’s specifications, and ramped up a new product instance so operations could begin on time and as planned.