zLinkSM Data Aggregation Solution
It’s important for lenders to take advantage of the consumer data that you have, share information across divisions within your institution and utilize new data sources to help your institution make good loans.
—Bobbie Britting, research director of consumer lending at TowerGroup
Shift Myriad Data Connections to Seamless Information Assets
The complexity of the financial world continues to grow with new consumer behaviors and demands paralleling new regulations, more fraud, and less profitability. Financial institutions (FIs) are looking for cost-effective ways to keep up with the changes. At the same time that they are trying to reduce costs, FIs also need more information in order to make smarter lending decisions.
Through a single connection to Zoot, our clients can access dozens of data and service providers and thousands of products. Zoot’s zLinkSM data aggregation solution is an independent portal to a network of diverse sources for needs including title, flood, appraisal, decisioning, fraud, documentation, and much more. Because Zoot is data agnostic, FIs can leverage the open marketplace to obtain the best data at the best price. This means our clients never have to accept an inferior or bundled package.
Eliminate Barriers to Compatibility
Further savings can be gained when using zLink because it relieves the burden on your IT department of translating different data formats from new vendors into one format that can be read by the existing systems. Additionally, since Zoot maintains the connections to each vendor, your cost of configuring and maintaining each connection is eliminated.
All of this is offered through Zoot’s hosted environment with premier uptime, redundant infrastructure, and built-in escalation processes. With the increasing regulatory scrutiny and criminal vulnerability facing FIs, an accountable vendor connection is essential.
Faster Integration
Clients can quickly and easily integrate to dozens of data and service providers through Zoot’s prebuilt, reusable interfaces and modular technology. zLink’s established connections include the major credit bureaus (United States, Canada, and Mexico), alternative data, fraud data, booking and boarding vendors, letter/business document providers, valuations, title searches, flood certifications, and others to support all types of processes and create a unique competitive advantage.
Learn More:
Solution Brochure, zLinkSM data aggregation
