What the Article Says:
Dealnet Capital Corp., a consumer finance company, recently launched its new financial technology platform to increase security and certain automation services. The fintech platform is initially set to automate credit and application processing on mobile and web enabled devices, tying in the new functions with the existing platform. In addition, the improvements intent to streamline the funding process for dealers, while providing a closed secure network. Dealnet intends to put out additional modules to create a smoother lending experience and allow for an efficient engagement between dealers, consumers, and the technology.
My Thoughts:
I think that Dealnet is going about these tech improvements in the right manner. While offering more resources and a smoother experience for their users, the focus on security standards is increasingly more important. There are already so many risks when it comes to lending, and ensuring that the tech platform is functioning at its best is crucial. I am curious to see how other businesses and competitors respond to their improvements, and how they decide to go about their next steps.
Source: http://finance.yahoo.com/news/dealnet-launches-financial-technology-platform-122549422.html