Case Study: Rifco achieves faster auto-loan decisions with Flinks

Rifco National Auto Finance increases income 10% with Flinks

Rifco National Auto Finance Corporation, a Canadian non-prime auto lender, faced a challenge with a time-consuming and unreliable process for verifying applicant documents. Their staff manually reviewed pay stubs and tax returns, which were often difficult to read and could be altered. To solve this, Rifco implemented Flinks' Connectivity and financial data Enrichment tools to automate the process and gain access to higher-integrity financial data.

The solution from Flinks provided Rifco with automated cash flow analysis and extensive lending reports, which saved immense time and increased the reputability of their verification process. As a result, Rifco required less information from applicants, achieved a faster turnaround, and processed a higher volume of applications. Flinks helped drive a 10% increase in the amount of income verified and contributed to annual revenue growth.

Rifco National Auto Finance Corporation