The client needed to unite a fragmented ecosystem of banks, credit agencies, and over 4,000 dealerships into a single, efficient platform. The manual, paper-based tracking of sensitive data, such as credit history and vehicle valuations, created significant delays in the funding process. They required a solution that could scale to 10,000 dealerships while providing real-time deal updates and automated decision-making.
Business Need: The client needed to unite a fragmented ecosystem of banks, credit agencies, and over 4,000 dealerships into a single, efficient platform. The manual, paper-based tracking of sensitive data, such as credit history and vehicle valuations, created significant delays in the funding process. They required a solution that could scale to 10,000 dealerships while providing real-time deal updates and automated decision-making.
Solution: Kinetech developed a custom lending platform that integrates the Provenir AI decision engine with the Mendix low-code platform. This industry-first system allows agents to work deals in real time, automatically detecting rule violations and ensuring compliance with dealer requirements. The application incorporates dozens of variables to enable near-real-time funding decisions and risk-based pricing.
Results: Within 12 months, the platform processed 100,000 applications, transforming the car-buying experience for thousands of stakeholders. Dealerships and lenders are now united on a single platform, enabling agents to quickly rework deals based on custom variables. The solution has enabled the organization to form strategic partnerships with industry leaders and significantly reduced the time to funding. Full Case Study: https://www.kinetechcloud.com/case-studies/revolutionizing-car-buying-how-a-national-auto-originator-transformed-the-car-buying-experience-with-kinetech