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Helping institutions grow fee income and improve customer service — profitably
- Attract, retain and build long-term customer relationships
- Achieve a larger share of the consumer’s wallet
- Bring customers “back to the bank” for small loans
Sheshunoff, the recognized leader in providing non-interest income sources and innovative approaches to emerging lines of business, has expanded the product offerings under the Deposit Score® suite of products – InstantAdvance™.
Read Back to the Bank for Small-Dollar Loans
With InstantAdvance we have leveraged the Deposit Score software architecture to enable you to extend a new, short-term consumer line of credit service to personal checking account holders.
InstantAdvance automatically scores accounts, tracks behavior, monitors usage patterns, and identifies high risk customers. Then InstantAdvance dynamically applies pointed adjustments to the overall credit limit on each account to help you manage risk and exposure, all with a conservative best practice approach.
With InstantAdvance you get:
- Software Integration: Monitor account qualification and behavioral characteristics, dynamically set credit limits, and mitigate risk
- Best Practice Recommendations: Consultative and regulatory guidance is a natural and necessary component of this type of service product
- Implementation Services: Project management, software configuration and, installation, and consulting services regarding operational issues
- Ongoing Program Management: Analysis services, peer comparisons and performance reporting
Tailored solutions to meet your goals
We can help you determine the best plan to achieve your goals and address your critical business issues using our expansive experience in technology, consulting, and regulatory compliance. By addressing all aspects of this service, including insights into the relationships that exist between short term borrowers and overdraft users, you can provide new services to your customers, maintain compliance and reduce costs.