Zoot Case Studies
Automating the credit decisioning process decreased First Interstate Bank’s time to prepare applications from 30 minutes to less than 5, and reduced the time for approval from hours to seconds. The ease of having a realtime answer through any channel facilitated better customer service and dramatically increased frontline sales without additional staff.
Credit Risk Lab Case Study
Leading financial institution decreases time to deploy new attributes
by months and anticipates savings of $2 million within one year of
deploying Zoot’s Credit Risk Lab Solution.
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First Interstate Bank Automates Credit Decisioning Process
Bank grows their card product from $200,000 net income in 2001 to $2,000,000 net income in 2007 with Zoot’s permissible purpose and prescreen solutions.
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Wachovia's In-House Credit Card Operation Runs on Zoot
Bank recognizes over two billion in balances in less than two years
with new card platform.
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Zoot works with the largest and most innovative financial institutions (FIs) in the United States. Since 1990, we have established lasting strategic partnerships with our clients based on our dedication to solving problems and creating opportunities that fulfill each client’s goals.
For example, one leading financial institution was hindered by slow attribute development and testing processes and unable to maintain current credit policy. Now the FI is decreasing their time to deploy new attributes by months and anticipates savings of $2 million within one year of deploying Zoot’s zEnvision® credit risk lab solution.
Another bank struggled with consistent credit policy and needed enterprise-wide automation in order to increase the number of applications processed. With Zoot’s permissible purpose and instant prescreen solutions, they grew their card product from $200,000 net income in 2001 to $2,000,000 net income in 2007.
An additional Zoot client came to us with an aggressive time frame to develop a new credit card platform and meet their needs for a high-level of customer service. The bank recognized over two billion in balances in less than two years with new credit card platform.
Zoot has achieved these successes utilizing a tools and services that has been developed through nearly twenty years serving the top U.S. lenders and can meet any challenges your FI is facing. Our industry experts research changes in technology and the financial industry to bring the best solutions to you and let you focus on using our technology to support your strategy.
