Financial Services Company Increases Revenue by utilizing new Microsoft Technology
Teletrack is the nation's leading Financial Services source company for sub-prime consumer credit information. Since 1989, Teletrack has provided businesses with the information necessary to make timely and accurate risk decisions for credit reporting and lending services. With a foundation in industry leading technology systems, Teletrack delivers unique data and intelligent decisioning solutions to a variety of businesses and industries.
Teletrack serves the credit reporting and lending industry by providing risk assessment information on prospective customers. Many state governments have begun regulating the Payday Loan industry, requiring merchants within the states to conform to regulations regarding the number of concurrent loans for a given consumer, the total dollar value and fee structure for those loans.
Teletrack required a state regulatory database system to track consumer’s loans
and notify merchants of consumer's eligibility. To respond to market demands Teletrack
must be able to quickly deploy new states on the database solution. The deployment
of new states is complicated by the fact that each state requires different business
rules and regulations.
“Our solution allows seamless and rapid deployment of new components and services.”
– David Carroll, Innovative Architects