Zoot in the News
Due to legal constraints, Zoot is unable to offer full versions of some of the articles below. To receive a full version of any of the following articles, please contact the publication in which it appears.
| 2011 | ||||
| 1/19/2012 | Bank Innovation | Credit Cards: A Comeback? Explores the trend of banks trying to capture more of the credit card market to replace lost revenue from lower debit interchange fees. Zoot executives verify the trend though their comments. |
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| 1/16/2012 | Collections & Credit Risk | Credit Risk Analysis That Drives Profitable Retail Banking Behavior  Considers the role of credit risk analysis in realigning retail banking costs with retail banking revenue drivers based on customer behaviors. Provides examples of ways to incent customers to behave in less costly/more profitable ways. |
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| 12/28/2011 | American Banker | Bankers Need Apple-Inspired, Useable Technology Zoot’s Marketing Director, Eric Lindeen discusses the future of banking software based on a Steve Jobs approach. Success of banking software interfaces can be measured best by the efficiency and ease of use it provides to it users. It should be intuitive and easily adopted. |
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| 12/20/2011 | American Banker | Blog of the Day: Maybe Banks Should Lend Against Food, Water, Air
BankThink featured a synopsis of a ZootBlog post as their blog of the day. Alex Johnson, Zoot’s online marketing specialist examines recent changes in consumer financial behavior through the prism of Maslow’s Hierarchy of Needs. |
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| 12/8/2011 | ABA Banking Journal | Partnership Allows Quick Evaluation of Underbanked Consumers Zoot clients can now easily access alternative credit information from CoreLogic Teletrack for risk mitigation and fraud detection to make more informed credit decisions. |
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| 11/8/2011 | Belgrade News | Zoot to Expand its Local Work Force This article announces Zoot’s plans to hire more employees to support company growth. The expansion has been spurred by new business partnerships, the addition of several Fortune 500 clients and growth within current client platforms. |
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| 11/7/2011 | Independent Banker | Commercial Loan Zoot’s Marketing Director Eric Lindeen shares insight to streamlining small business lending decisions. Understanding a loan decision-making system’s adaptability and data extractability are critical factors to consider before selecting a new solution. |
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| 11/1/2011 | Collections & Credit Risk | The Thin Line for Assessing Risk The Durbin amendment that limits debit interchange fees has been covered heavily in the news. One aspect of the regulations that has not been covered is a need to better manage risk in DDA opening. This article discusses strategies for managing risk and maintaining profitability. |
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| 10/20/2011 | Bankrate.com | US warms up to EMV credit cards Zoot’s Marketing Director Eric Lindeen discusses the importance of addressing card-not-present fraud early when adopting EMV card technology. |
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| 10/13/2011 | PaymentsSource | U.S. Bank Mobile Credit Card Approval App May Improve Customer Service Tom Johnson, vice president of product and business development at Zoot weighs in on U.S. Bank’s launch of a mobile credit card application for iPhones. He states it is a good move forward in customer service and will likely increase the number of people willing to apply for the card. |
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| 9/2011 | Distinctly Montana | Educating Young Entrepreneurs This article highlights entrepreneurial companies founded by individuals with Montana higher education degrees. Chris Nelson is quoted as one of these successful entrepreneurs for founding Zoot Enterprises. |
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| 9/21/2011 | American Banker | Cheaper, Broader Methods to Screen Deposit Customers Paul Thielemann, vice president of sales and marketing for Zoot explains how new data sources and analytic models can help banks with more cost-effective demand deposit account origination. |
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| 9/19/2011 | Collections & Credit Risk | Cutting Costs Requires the Right Balance
Profitability is under attack in the banking world. This article examines how different approaches to cost cutting impact financial institutions. Applying automation in thoughtful ways to increase the efficiency of customer facing functions pushes profitability in the right direction without sacrificing customer service. |
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| 9/14/2011 | ABA Banking Journal | First Data Partners With Zoot to Offer Loan Origination Solutions First Data will offer Zoot’s zOriginate loan origination software solution, which allows users to complete the entire end-to-end origination process, to its issuing client base. |
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| 9/8/2011 | American Banker | To Evaluate Risk in a Weak Economy, First Data Taps Zoot Discusses how Zoot and First Data help lenders properly evaluate risk in the current environment. Zoot's zOriginate software enables issuers to provide fast, automated credit-approval decisions and complete manual underwriting to account for unusual cases and exceptions that are within an issuer's risk-management guidelines. |
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| 9/7/2011 | PaymentsSource | First Data Taps Zoot for Instant-Credit Approval Tools Amid a resurgence of interest in issuing private-label credit cards and noteworthy behavioral shifts affecting consumer creditworthiness, First Data Corp. is adopting a new instant-credit decisioning and underwriting system from Zoot Enterprises Inc. |
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| 8/22/2011 | Collections & Credit Risk | It’s A Great Time To Be A Credit Risk Officer Tom Johnson, vice president of product and business development for Zoot shares his perspective on being a credit risk officer today. Improved tools, technologies and data are available for more effective credit risk management. |
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| 8/11/2011 | American Banker | Don’t Let Young Adults Get Lost in the Credit Approval System This article tells the story of an unnecessarily underbanked college student seeking to build a credit history but having difficulty establishing credit. It explores options for banks to acquire valuable new customers without taking on excessive risk. |
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| 8/4/2011 | Collections & Credit Risk | The Great Durbin Debate: What Now? A follow up to last month’s column that focused on what banks can control in light of the new legislation surrounding debit interchange fees. This article synopsizes the final rules and focuses on the specific fraud prevention allowances provided by the new rules and steps banks can take to implement effective fraud programs. |
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| 8/3/2011 | BankRate.com | Amex Delta Card Offers New Perks Zoot’s Marketing Director, Eric Lindeen provides insight to the value affluent credit card holders bring to card issuers; including higher loyalty and retention rates. |
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| 8/2/2011 | Bank Technology News | FICO Tool Speeds Up Card Marketing Analysis Zoot Enterprises is listed as a company that offers a technology solution similar to the FICO tool discussed in the article. Zoot’s solution taps a broad range of customer-credit information to help banks make the most appropriate product offers in realtime to consumers. |
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| 7/1/2011 | BankNews | L2C and Zoot Promote Growth in Credit Card Acquisitions for the Financial Sector | ||
| 6/27/2011 | Collections & Credit Risk | Taking Control in the Durbin Showdown Zoot’s Marketing Director, Eric Lindeen focuses on what financial institutions (FIs) can control in the wake of legislative changes. He shares insight to opportunities for FIs as they wait to hear the final ruling on debit interchange fees. |
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| 6/14/2011 | BankNews | Zoot and Strategic Software Systems Launch Actionable Data Solution for Banks | ||
| 5/11/2011 | Collections & Credit Risk | Real-time Fraud Detection: The Holy Grail For Financial Institutions
Zoot’s Vice President of Product Development, Tom Johnson shares his insight regarding real-time fraud detection in the transaction approval stream and where the industry is headed with regard to catching fraud before it happens. |
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| 5/6/2011 | American Banker | Don’t Let Jargon Cloud Your IT Choices
In this Viewpoints column, Warren Bauder, vice president of enterprise architecture at Zoot Enterprises discusses the importance of understanding the cloud computing model. |
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| 4/15/2011 | American Banker | Zoot, ID Analytics Join on Risk Analysis
Brief announcing that Zoot and ID Analytics are working together to improve risk analysis for opening demand deposit accounts. |
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| 3/2011 | Bank News | To Loan or Not to Loan
Discusses the biggest credit analysis challenges financial institutions face and solutions they can deploy to solve them. Zoot’s credit decisioning software is highlighted, including its unique features that assist banks in solving their most pressing problems. |
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| 3/11/2011 | Collections & Credit Risk | The End Of An Era For Checking?
New regulations are decreasing the profitability of demand deposit accounts (DDA). Eric Lindeen, marketing director for Zoot Enterprises discusses new options banks have to reduce their costs, minimize risk and build a DDA model that works for both customers and shareholders in today’s regulatory environment. |
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| 2/14/2011 | Collections & Credit Risk | The Search for Effective Cross-Selling Strategies
Zoot’s Marketing Director Eric Lindeen writes about the struggles banks face increasing close rates on product sales. He shares data from Insight Marketing on consumers’ propensity to buy and strategies banks can employ to improve their approach to cross-sell. |
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| 1/26/2011 | Smart Enterprise Exchange | Enterprise Architecture: Strategize Before you Modernize
Zoot’s Vice President of Enterprise Architecture, Warren Bauder discusses the importance of defining your business objectives when determining whether to decommission and/or upgrade your technology. |
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| 1/18/2011 | The Baltimore Sun | Many Consumers will be Eligible for Free Credit Scores this Year Ed Rice, general counsel for Zoot Enterprises discusses the positive impact the new risk-based pricing regulations will have on consumers. |
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| 1/7/2011 | Collections & Credit Risk | Managing Fraud in a Fast Paced World Eric Lindeen, director of marketing for Zoot Enterprises writes about realtime fraud detection and prevention in a world where instant gratification is the norm. He discusses the complexities of keeping up with consumer technology and faster transaction speeds. |
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| 1/01/2011 | US Banker | Taking Exception Zoot’s General Counsel, Ed Rice, shares insight regarding the new risk-based pricing regulations that take effect this month. Many creditors will take advantage of an exception that permits them to offer blanket credit-score disclosures to all borrowers, instead of a risk-based pricing notice. This will help lenders avoid sending a negative marketing response to consumers. |
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| 2010 | ||||
| 12/08/2010 | Collections & Credit Risk | Blue Skies Ahead for Economic Recovery As 2010 ends, spending on technology projects is increasing at FIs. Zoot President, Dennis Dixon shares his insight regarding this positive trend and collaborative new approaches banks are using to deploy technology solutions. |
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| 12/03/2010 | American Banker | First-Time Defaulters Pose Technology Challenge for Banks First-time defaulters are a customer segment banks should not overlook. Zoot executives Dennis Dixon and Tom Johnson weigh in on the importance of expanding the types of data banks use to evaluate credit risk. They emphasize the use of consistent data across lines of business and shortening the credit risk model development cycle to make better consumer credit decisions. |
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| 12/03/2010 | Collections & Credit Risk | Changing the Approach to Customer Acquisition Zoot’s Vice President of Product Development, Tom Johnson writes about incorporating new approaches to Demand Deposit Account (DDA) openings. The article outlines specific strategies to achieve account growth with the best customers and expand those relationships across lines of business within the bank. |
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| 11/16/2010 | American Banker | Integrate Customer Data to Improve Collections
This Viewpoints column by Zoot’s Tom Johnson discusses the importance for banks of taking a more integrated approach across all departments — marketing, originations, account review and collections — to build a stronger institution and prevent accounts from going to collections. |
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| 11/15/2010 | American Banker | A Finer Filter Lets Banks Save Fraud-Finding Steps Zoot Enterprises is mentioned as a company that assists financial institutions with managing data access. The article calls out the value this brings by averting a significant amount of integration work that the banks must do when maintaining their own connections. |
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| 10/24/2010 | Bozeman Daily Chronicle | Zoot Enterprises Issued New Patent
This business brief reports the issuance of U.S. Patent number 7,805,330 to Zoot Enterprises for its enterprise cross-sell management solution. |
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| 10/25/2010 | Collections & Credit Risk | The Next Generation Of Prescreen: Why It Matters To Lenders Eric Lindeen, marketing director for Zoot discusses the evolution of prescreen from batch to the next generation of instant prescreen that is not yet fully understood in the market. Incorporating new types of data into the instant prescreen process gives lenders more flexibility to comply with new regulations, improve credit risk evaluation and enhance the customer experience. |
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| 10/19/2010 | PaymentsSource | Fed Proposes Issuers Consider ‘Independent’ Income in New Card Rule Ed Rice, general counsel for Zoot Enterprises weighs in on the Federal Reserve Board’s proposed rule to clarify certain aspects of Credit Card Accountability, Responsibility and Disclosure Act that went into effect earlier this year. The proposal could affect prospective borrowers’ ability to qualify for new credit card accounts as it requires issuers to “consider information regarding the consumer’s independent income, rather than his or her household income”. |
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| 9/7/2010 | Collections & Credit Risk | How to Keep Customers, Stay Profitable in a New Financial World Eric Lindeen, director of marketing for Zoot discusses how the integration of marketing, predictive modeling and decisioning can improve customer service while maintaining a profitable business model for large financial institutions. |
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| 9/2/2010 | Bankrate.com | Instant Prescreen for Credit Cards Eric Lindeen, director of marketing for Zoot discusses the latest developments in instant prescreen lending and the lift that lenders can achieve by incorporating new data sources into the process. |
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| 8/11/2010 | Collections & Credit Risk | Risk-Based Pricing: What Creditors Need to Know Paul Thielemann, senior vice president of sales and marketing for Zoot discusses the key points creditors need to know to be in compliance with the risk-based pricing regulations under section 615(h) of the federal Fair Credit Reporting Act (FCRA). |
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| 7/26/2010 | Bankrate.com | Overlap of Rules to Spread Scores Article examines the risk-based pricing regulations that will go into effect on January 1, 2011. Ed Rice, general counsel at Zoot explains the regulations and options for banks to consider when providing the required notices. |
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| 7/2010 | Mortgage Technology | Surviving a Possible Double Dip Mortgage industry experts are anticipating that a double dip is probable, but that technology can help. Zoot CEO Chris Nelson adds that not improving long-established practices is more expensive than the investment needed to make change. |
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| 7/13/2010 | American Banker | Post-Bubble, Alternatives to Credit Scores in Greater Demand Banks are looking for more data, beyond credit scores, to help them make lending decisions. Use of alternative data is a cost effective way to make underwriting stronger by improving acceptance rates and accuracy. Zoot and LexisNexis Risk Solutions are featured as partners for their recent developments in using alternative data in prescreen processes. |
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| 6/25/2010 | PaymentsSource | How Credit Card Issuers Plan to Win Back Customers Using a newly crafted combination of precision pricing, forecast-based risk management, tweaking of rewards programs and improved relationship marketing, major issuers are seeing opportunities to win back business and keep it. Zoot, EMI Strategic Marketing and Insight are featured along with their joint solution, zOptimize, a cross-discipline product designed to help address gaps in issuers’ card-development process. |
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| 6/24/2010 | Collections & Credit Risk | Risk Policy Changes Can Help Collections Eric Lindeen, director of marketing at Zoot, outlines a progressive strategy for employing credit risk policy more quickly and accurately. This strategy may ease collection issues down the road by helping lenders make better credit decisions early. |
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| 6/4/2010 | American Banker | Air Force Model May Fly in Credit Viewpoints article by Eric Lindeen, director of marketing at Zoot, outlines a progressive strategy for employing credit risk policy more quickly and accurately. |
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| 6/2010 | Bank Technology News | The Innovators 2010 Remaking the Industry/Zoot Tackles Cross Sell Woes According to Rebecca Sausner, editor in chief of Bank Technology News, “The companies honored in this year's 9th annual The Innovators issue, have one thing in common: they represent the kind of risk taking and forward-thinking products and services the American financial services industry needs to leapfrog out of the financial crisis and bring the next level of value to customers.” Zoot was named a 2010 Innovator for its zOptimize Multichannel Cross-Sell Solution. The full article is available online. |
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| 5/13/2010 | ABA Banking Journal | Less Predictable Credit Behavior Calls for Changes to Scoring Process There is always risk in lending and recently the risks have become harder to predict. The solution to this issue is to become better prepared to adapt credit policy and business strategies quickly and increase the sophistication of processes for determining who is an acceptable lending risk. |
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| 5/2010 | ABA Bank Marketing | The European Experience Suggests How U.S. Banks Can Serve the Underserved ABA Bank Marketing adapted the Zoot white paper regarding the underserved market into a full-page feature article quoting the document extensively and driving readers to the Zoot's website to download the full white paper. |
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| 4/29/2010 | Collections & Credit Risk | Managing Collections: Industry Leaders Look at Strategies At the 2010 National Collections & Credit Risk Conference in March, financial experts shared their perspectives on managing collections in a presentation titled, “Decrease Defaults with Untapped Customer Information.” This article is a continuation of that discussion by TowerGroup, First Interstate Bank, World’s Foremost Bank, and Zoot Enterprises. |
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| 4/9/2010 | Banking Technology | Collected Works Discusses the change in collection strategies in Europe and North America. Zoot's Vice President of Product Development, Tom Johnson says banks should take advantage of every interaction with a customer to check on information and make it available across every line of business. |
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| 4/1/2010 | Collections & Credit Risk | Collections Technology Takes Center Stage At the 2010 National Collections & Credit Risk Conference, financial experts shared their perspectives on managing collections in a presentation titled, “Decrease Defaults with Untapped Customer Information.” Contains commentary from TowerGroup, First Interstate Bank, World’s Foremost Bank, and Zoot Enterprises. |
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| 3/15/2010 | Collections & Credit Risk | Ability to Pay: Next Steps for Financial Institutions While getting compliant was the first step, the real work starts now. Paul Thielemann, senior vice president of sales and marketing for Zoot Enterprises discusses next steps for financial institutions navigating the new regulations. |
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| 3/2010 | Business Credit Magazine | Keeping Credit Policy Relevant in Today’s Business World The change needed today is the ability to dramatically shorten the credit risk policy development cycle and update scoring models as frequently as needed. Tom Johnson, vice president of product development at Zoot discusses the evolution banks must make to survive in the new economic climate. |
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| 2/26/2010 | Collections & Credit Risk | Risk and Rewards of Technology Investment | ||
| 2/24/2010 | Collections & Credit Risk | Limiting Risk Through Automation, Analytics | ||
| 2/11/2010 | American Banker | Banks Using CRM Tools to Improve Collections Focuses on improving collections systems through tools that can be utilized to better manage the uptick in collections volume and for earlier identification of customers in trouble. Article first appeared in Bank Technology News (Daylight Come and They Need Loans Paid). |
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| 2/10/2010 | The Wall Street Journal | For Office Romance, The Secret’s Out This Work and Family column features companies (including Zoot Enterprises) that have progressive viewpoints about work place dating. The full article is available online. |
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| 2/7/2010 | Bozeman Daily Chronicle | Technical Knockout Economists see tech companies as a saving grace in Bozeman economy. The article highlights Zoot Enterprises as a company continuing to thrive despite the downturn in the national economy. |
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| 2/2010 | Bank Technology News | Daylight Come and They Need Loans Paid Focuses on improving collections systems throughtools that can be utilized to better manage the uptick in collections volume and for earlier identification of customers in trouble. Zoot’s Credit Risk Lab is named as a solution that provides broad risk mitigation capabilities. |
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| 1/26/2010 | PaymentsSource | Issuers Working To Add Income-Estimation Tools To Card-Application Processes Paul Thielemann, senior vice president of sales and marketing and Ed Rice, general counsel for Zoot Enterprises weighed in on the Federal Reserve Board’s release of the final rules implementing the Credit Card Accountability, Responsibility and Disclosure Act. Zoot helps issuers integrate a variety of data tools into its own risk-management programs to meet the new compliance rules. |
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| 1/4/2010 | Collections & Credit Risk | Automating The Collections Process By Tom Johnson, VP of Product Development at Zoot Enterprises. He is a featured speaker at the 14th Annual National Collections & Credit Risk Conference to be held March 21-23 in Miami. |
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| 1/4/2010 | PaymentsSource | Automating The Collections Process By Tom Johnson, VP of Product Development at Zoot Enterprises. The full version of this article is available online. |
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| 2009 | ||||
| 11/20/2009 | American Banker | Industry Has to Act to Fix CARD Law Income Rule | ||
| 11/16/2009 | Information Week | Financial Industry Crisis Spurs Reevaluation of Risk Management It isn't just about one institution's risk, but rather about how risk is shared across the industry and entire economy. |
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| 11/2009 | Independent Banker | Quicker Tests of Credit Risks Features the introduction of the Credit Risk Lab based on the news release issued by Zoot. |
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| 10/2009 | Mortgage Banking | Forrester Names Zoot "Hot Banking Tech Company to Watch" Announces Zoot's inclusion in Forrester Research Inc.'s June 2009 Hot Banking Tech Companies to Watch in 2009: Q2 Update report. Particularly notable is Zoot's Prescreen-of-One Solution. |
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| 9/17/2009 | Subprime Auto Finance News | Zoot: Simply Cutting Originations to Reduce Risk Doesn’t Work Article was adapted by the publication from a Zoot news release: “Zoot Uncovers Troubling Data Regarding Credit Risk Management” | ||
| 9/2009 | Collections and Credit Risk | The Credit Card Game; With a mix of record-breaking charge-off rates and new U.S. card-industry rules, credit card risk management has grown much more complex in the past year. This article is an excerpt of a story that first appeared in Cards&Payments. “To stay on top of compliance with the new rules, issuers need to create and deploy risk models faster," says Eric Lindeen, director of marketing at Zoot Enterprises Inc., which provides systems enabling instant credit decisions."This will also help them keep up with a dynamic model." |
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| 9/2009 | US Banker |
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| 8/2009 | Cards and Payments | Risk-Based Pricing Gets Tricky as New Regs Lift Safety Net Industry experts were called upon to discuss how the new C.A.R.D. regulations will impact credit card risk-management policies. Eric Lindeen, marketing director at Zoot discusses the importance of being able to create and deploy risk models more quickly. The publication announces the unveiling of Zoot’s Credit Risk Lab that shrinks the credit risk policy development process from weeks or months to just days. |
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| July/Aug 2009 | Bank News | Opportunity Emerges out of Current Crisis
This feature article by Zoot’s Marketing Director, Eric Lindeen examines opportunities community banks should take advantage of in today’s financial crisis. These include tapping a new population of customers fleeing larger institutions as consumer confidence wanes and utilizing technology as a method of enhancing customer relationships. That technology should provide greater usability and flexibility without requiring additional IT staff and resources and enhance the bank’s core value propositions. |
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| 7/2009 | American Banker | Consider the Retailer Creditor's Objectives Viewpoints piece by Dennis Dixon, president of Zoot Enterprises discusses legislation affecting retail lenders and industrial loan companies. Retail lenders have different objectives and ideal customer types than traditional banks when it comes to consumer financing. The article urges legislators to consider both sides before passing laws that unfairly punish consumers or retailers. |
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| 7/2009 | Bank Technology News | Card Co's Day of Reckoning Hits IT Discusses the technology implications of the new federal regulations overhauling credit card industry practices. The changes in how card issuers can utilize delinquency and other information to adjust credit availability will require that the links between the risk analysis and servicing side of systems be revamped. "I think it would drive even more the move towards more flexible technology where you could have three pricing tiers or have thousands," says Dennis Dixon, president of Zoot Enterprises. |
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| 6/2009 | Bank News | Zoot Enhances Credit Evaluation Decisioning Engine Announces recent enhancements to Zoot's decisioning engine including; faster processing times, greater flexibility, and improved usability for clients that allows easier implementation of changes. The article appears in the New Solutions section of the issue. |
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| 6/2009 | Bank Technology News | Tech's Not the Primary Problem Tom Johnson, vice president of product development at Zoot discusses the role technology plays for banks in reducing costs, managing risk and providing better service in today’s financial market. He also covers the importance of human reasoning to interpret data from technology systems, to spot patterns and check that decisioning criteria is striking the right balance between approval and risk. |
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| 5/2009 | ABA Bank Marketing | Instant Credit Prescreen: A Way to Stand Out from Competitors? Instant prescreen is an FCRA-compliant approach to qualify consumers for credit products and make offers in realtime. This article discusses the importance of utilizing instant prescreen as an efficient way to cross-sell customers and replace direct mail campaigns with highly targeted and meaningful offers. Includes a case study of First Interstate Bank’s successful implementation of Zoot’s instant prescreen solution. |
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| 5/2009 | STORES | Credit Where Credit's Due Discusses how Zoot’s instant decisioning and loan origination solutions help retailers and retail banks pre-screen customers for credit through all retail channels. With Zoot’s solution World’s Foremost Bank was able to double application volume for Cabela’s without increasing staffing, allowing them to gain tremendous efficiencies while managing risk effectively. |
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| 5/15/2009 | American Banker | Strategic Tech Spending Can Revive Banking Sector Tom Johnson, vice president of product development at Zoot discusses how strategic IT investment can help banks revitalize their industry and move the economy closer to recovery. |
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| 4/22/2009 | Bank Systems & Technology Online | Zoot Unveils Updates to Decisioning Engine Announcement of decisioning engine enhancements designed to help card issuer clients keep pace with industry changes from legislation to credit risk to consumer preferences. |
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| 2/2009 | Bank Technology News | Model Play Adapts to Changing Game Consumer credit conditions are changing faster than existing models and bureau scores can account for. Tom Johnson, vice president of product development at Zoot discusses the small payback of scorecards that are only indicative for a short time after implementation, backing the importance of leveraging analytics, reweighted models and decision optimization technology to better manage portfolios. |
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| 1/31/2009 | New York Times | A (Very) Watchful Eye on Credit Card Spending Article discusses changes in the credit card industry and includes a quote from Dennis Dixon, president of Zoot, regarding technology to assist with responding rapidly to changes in the market. Read the full article at nytimes.com. |
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| 1/6/2009 | Investor's Business Daily | Price Optimization Is Registering With Financial Services Industry Discusses the role of pricing optimization in the financial services industry and addresses misperceptions. Eric Lindeen, marketing director at Zoot, expresses that financial institutions are becoming more aggressive about making pricing optimization decisions more accurate and effective. Includes commentary from analyst firms TowerGroup and Gartner. |
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| 2008 | ||||
| Nov/Dec 2008 | Western Banking | From Hours to Minutes Via Technology Discusses First Interstate Bank’s implementation of a progressive strategy for its credit card division, utilizing strategic automation and Zoot’s innovative technology solutions, to maximize growth and minimize risk in today’s volatile market. |
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| 11/2008 | Collections and Credit Risk | Risk Management Unplugged Industry leaders break down what credit and collection executives need to know in the current economic climate. The article is a partial transcript of Web seminar “5 Things You Need to Know About Credit Risk in a New Environment,” presented by panelists Tim Bates (credit risk management consultant), Andy Callen (CG2 Direct) and Tom Johnson (Zoot). Visit the Zoot events page to view the seminar. |
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| 11/18/2008 | American Banker (BAI Retail Delivery Supplement) |
Who Gets a Credit Card? Simplifying the Answer This case study features First Interstate Bank and the implementation of Zoot technology to automate their credit card decisioning process while mitigating risk. Highlights include the bank’s ability to make changes to credit policies instantaneously in response to market changes and the 900% growth of their card product from 2002-2007. |
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| 11/8/2008 | Bozeman Daily Chronicle | Zoot Named Bozeman-area Business of the Year The Business of the Year award is presented annually by Prospera Business Network to a business in Gallatin or Park County for outstanding service to the community and for their positive contribution to the area economy. Bob Hietala, Prospera CEO, said Zoot’s growth from a basement startup to a major provider of technology solutions to America’s banking system led to the award. |
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| 10/31/2008 | American Banker | Cutting Back Too Much Could Prove Harmful Viewpoints piece by Tom Johnson, vice president of product development at Zoot, identifies that in the current economic climate banks may be doing more harm than good by pulling back too much. He encourages banks to get back to the business of lending by fine tuning credit policies, utilizing additional data sources to make better credit decisions, and taking advantage of the many good lending opportunities still out there through intelligent, automated decisioning processes. |
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| 10/2008 | Financial Services Technology, US Edition | Sound Decisioning Practices in a Volatile Environment A long-term business strategy that leverages an enterprise-wide decisioning approach and utilizes automation and real-time tools to achieve operational efficiency will provide the agility necessary for financial institutions to adapt and thrive in an ever-changing market. Dennis Dixon, president of Zoot examines innovative best practice approaches FSIs can incorporate into their business strategy now while managing risk and increasing ROI. Visit FST online to read the full article. |
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| 9/2008 | F & I Management and Technology | Credit Risk in a New Economy Zoot’s Marketing Director, Eric Lindeen discusses the move from “one size fits all” lending to a more complex decisioning strategy that takes into account different geographic and customer segments and makes use of alternative data to make sound credit decisions and practice selective tightening. Examines opportunities for auto lenders to seek revenue growth in areas they may not have considered before by adding sophistication to scoring models and updating systems to adapt and react quickly to market changes without incurring additional risk. |
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| 9/2008 | Bank Technology News | Think Feds Will Go Easy? Think Again. This article discusses the looming Red Flag rules deadline of November 1. It stresses that banks should start working toward compliance sooner rather than later because the process is more involved than they may think. Predicts that regulators will heavily enforce compliance and cites Zoot as a vendor that offers a Red Flag Solution. |
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| 8/2008 | Dealer Marketing Magazine | Weathering the Storm With Automated Negotiation Tools Discusses innovative, proven strategies designed to help dealers provide the best financing offers to a shrinking customer-base. Tom Johnson, vice president of product development at Zoot explains how automated negotiation and prescreen-of-one can assist dealers with providing immediate and personalized offers to attract and book customers. |
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| 8/2008 | US Banker | Top Tools for Tough Times Describes how with today’s risks smaller banks are seeking cutting edge solutions. First Interstate Bank discusses how its utilization of Zoot’s automated credit decisioning solution has helped grow its credit card program. First Interstate’s John Pannell, vice president of risk/finance states that the solution puts mid tier banks on a level playing field with larger banks.(This article first appeared in the July issue of Bank Technology News.) |
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| 8/2008 | Mortgage Banking | The Marriage of Automation and Risk Mitigation This month’s executive essay authored by Dennis Dixon, president of Zoot Enterprises discusses the importance of mortgage lending strategies that combine risk mitigation and process automation to continuously monitor credit policies. The article describes the importance to mortgage sector of employing automation, using the right tools and services, in order to react to market changes quickly and strategically. |
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| 8/2008 | Secondary Marketing Executive | Saluting the Red Flag: New Compliance Concerns Article defines the steps necessary for lenders to be compliant with Section 315 and 114(B) of the FACT Act, otherwise known as the Red Flag Regulations. Author Tom Johnson, vice president of product development at Zoot, discusses what compliance means for mortgage lenders, what to watch for when establishing policies and the rewards of a well laid out compliance program. |
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| 7/2008 | Bank Systems & Technology | Down, But Not Out Discusses the cyclical downturn of lending and how banks are dealing with the fallout from the credit crisis. First Interstate Bank executives John Pannell and Kevin Guenther (cover photo) discuss the use of decisioning and analytics technology to create a holistic view of their customers. A Zoot client, the bank uses prescreening capabilities that allow them to go through existing accounts to see who meets their lending criteria. Zoot’s Marketing Director Eric Lindeen emphasizes that a one-size-fits-all approach no longer works in today’s market, since economies vary based on region, and the importance of automation to adjust quickly to market changes. |
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| 7/2008 | Bank Technology News | Top Tools for Tough Times Describes how with today’s risks smaller banks are seeking cutting edge solutions. First Interstate Bank discusses how its utilization of Zoot’s automated credit decisioning solution has helped grow its credit card program. First Interstate’s John Pannell, vice president of risk/finance states that the solution puts mid tier banks on a level playing field with larger banks. |
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| 7/21/2008 | Bank News | Zoot Enterprises Presents Webinar: "Credit Risk in a New Economy" Announces a panel discussion by risk managers, risk modelers, and solution providers that provides insight to today’s changing landscape and how financial institutions can adapt and respond. |
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| 7/15/2008 7/7/2008 |
MBA Tech Newslink MBA Newslink |
Red Flag Compliance and ROI Zoot President Dennis Dixon and Marketing Director Eric Lindeen weigh in on how companies can reduce overall fraud, protect existing revenues, and improve business processes while working toward meeting the November 1, 2008 Red Flag compliance deadline. Discusses Zoot’s ability to integrate its products and services into existing workflow or decisioning environments and emphasizes the importance of automation to reduce manual review costs, minimize delays and manage risk. |
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| 7/2/08 | Business to Business | Work's Perks Zoot’s Human Resources Director, Ruth Kronfuss discusses the creative benefits the company offers employees to help with hiring and retention, particularly in a softening market. Cover photo features numerous employees with their dogs on the front lawn of the Zoot campus demonstrating one of the company’s perks; pet friendly policy. |
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| 6/2008 | Bank Technology News | "Red Flags" and the Five Stages of Grief Lists Zoot Enterprises as a vendor with a solution to ensure financial institutions are in compliance with the “Red Flags” provisions of the FACT Act. |
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| 6/2008 | F & I Management and Technology | Taking on Today's Tightening Market Zoot’s Marketing Director Eric Lindeen spoke with four top auto finance executives at the 2008 AFSA Vehicle Financing Show. In today’s tightening market auto lenders are holding their ground and some are looking into alternative markets. The article discusses tools to reach the underbanked consumer without incurring undue risk. |
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| Spring 2008 | Montana Business & Technology | People to Watch Zoot founder and CEO, Chris Nelson is featured in the People to Watch column. The article describes Nelson’s discovery of a need among financial services institutions for PC-based loan approval software. When Nelson’s developments attracted the attention of major financial players, Zoot Enterprises began the journey from a basement start-up to the highly successful company it is today. |
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| 5/2008 | ABA Banking Journal | The Case for e-Project Management Describes the system-related complexities and communication barriers of project management within the banking industry. Dennis Dixon, president of Zoot provides insight to the differing views of optimization from a marketing and compliance standpoint and the need to bring all the differing perspectives together in order to meet your business requirements. |
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| 5/29/2008 | American Banker | Zoot Develops Loan Negotiation System Announces Zoot’s automated negotiation system designed to help lenders increase acceptance rates on loan offers. The system allows auto dealers to present offers to customers based on what is most important to them; interest rate, loan length, monthly payment amount, and trade-in value without going back to the lender numerous times. |
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| 5/20/2008 | MBA Tech Newslink | Automating 'Red Flags' to Deliver Stronger ROI Tom Johnson, vice president of product development at Zoot Enterprises and Jeff Taft, partner at global law firm Mayer Brown LLP discuss compliance with Red Flag legislation by the November 1, 2008 deadline. Highlights include starting early, automating the process, and the significant return on investment gained through fraud reduction and clearing address mismatches. |
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| 5/2008 | Secondary Marketing Executive | Risk Management A Special Report Risk and Reward: Capitalizing on Micro Opportunities Dennis Dixon, president of Zoot Enterprises weighs in on capitalizing on micro opportunities in a down market, faster than your competitors, without incurring unnecessary risk. He discusses the use of sophisticated analytics models and alternative data sources to decrease business risk and reaping the rewards of micro opportunities with powerful, flexible systems capable of reacting quickly to changes in the market. |
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| 5/2008 | Subprime Auto Finance News | Zoot Partners With Lenders to Help Them Better Serve Dealers Highlights Zoot's lending capabilities in the automotive sector—specifically instant prescreen and automatic negotiation. Zoot's solutions assist lenders by helping dealers provide a better customer experience, resulting in increased sales. Zoot's Vice President of Product Development, Tom Johnson discusses Zoot's best practice solutions that allow its clients the flexibility and control necessary to react quickly to changes in the market. |
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| 5/2008 | Mortgage Banking | Flagging Fraud Describes the policies and procedures mortgage lenders must implement to comply with Red Flag Regulations by November 1, 2008. Beyond the policy and procedure challenges, the good news is technology is available to address the regulations and provide a positive return on investment. Zoot's Marketing Director, Eric Lindeen discusses how to reduce fraud while at the same time increasing the number of applications lenders can automate to achieve significant ROI . |
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| 4/10/2008 | Subprime Auto Finance News | Zoot Launches Red Flags Suite The magazine's online version published the announcement of the development of Zoot's Red Flag solution suite. To view the release in its entirety visit our press releases page. |
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| 4/4/2008 | MBA Newslink | Prescreening Technology Outpaces Snail Mail Customer Acquisition Strategies Focuses on the need for new customer acquistion and retention strategies that capitalize on financial institutions' existing infrastructure and customer base.Provides statistical data in support of instant prescreen as a competitive advantage to increasing acceptance rates for credit products. Cites the white paper Operational Excellence: The Prescreen Revolution, by Alex Johnson, SEO Specialist at Zoot. |
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| 4/2008 Issue 901 |
The Nilson Report | Zoot Credit Decisioning for Red Flag Compliance Provides definitions of Sections 114 and 315 of the FACT Act, commonly known as red flag rules. Outlines the process end users of credit information will need to implement by November 1, 2008 in order to comply with the regulations. Introduces Zoot’s Red Flag solution as a standalone product or as part of Zoot’s credit decisioning or loan origination solutions. |
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| 3/2008 | Secondary Marketing Executive | Home Equity on the Rocks: Down, But Not Out While the sector is experiencing difficulties, industry experts see stabilization in the near future. Tom Johnson, vice president of product development at Zoot discusses strengthening relationships with existing customers with an emphasis on cross-selling home equity loans. |
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| 3/1/2008 | ABA Banking Journal | Rebuilding the Ultimate Lending Machine: Will Life After Subprime Yield Better Lending Environments? Discusses how individual lenders will play catch up with automation in this time of post subprime revisionism. Automation will introduce efficiences and an auditable information trail. Includes commentary from Zoot's President Dennis Dixon regarding a focus on organic growth, retention and cross-selling and the need for tech savviness in 2008. |
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| 2/18/2008 | Auto Finance News | Raising a Red Flag Introduces Zoot's development of a solution to address Red Flag rules, a federal regulation that end users of credit information must comply with by Nov. 1, 2008. Zoot President Dennis Dixon and Marketing Director Eric Lindeen discuss the impact on the auto industry. Includes information about Zoot's credit decisioning capabilities. |
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| 2/2008 | Bank Systems & Technology | The Evolution of Payment Cards Discusses the changes, challenges and opportunities impacting the card industry in today's uncertain economy. Industry experts weigh in with their predictions of what banks can expect in the next decade. Includes commentary from Zoot's Vice President of Product Development, Tom Johnson and Revolution Money's President and CEO Jason Hogg. |
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| 2/2008 | American Banker TV/BTN Intelligencer | Five Things You Should Know: The Skinny on Total Network Encryption Total network encryption is difficult, and may one day be mandatory. Take it from Zoot Enterprises president Dennis Dixon, who's been through it. |
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| 2/2008 | US Banker | Responding to the Demands Of Mobile-Banking Consumers Discusses the challenges and opportunities facing financial institutions in adapting to meet the needs of the fast growing consumer mobile environment. Effective cross-selling, based on a database of prior offers, behavior tracking, heuristic data, and marketing data are important to achieving success in this market. |
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| 2/4/2008 | American Banker | For Bill Me Later, Speed Is the Name of the Game Describes how Bill Me Later' s ability to decide quickly whether to grant credit has been a key factor in its growth. The company relies on technology to keep its fraud rates as low as its approval times and uses risk management technology from Zoot Enterprises. Includes commentary from Nick Holland, senior analyst at Aite Group. |
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| 1/25/2008 | Automotive Digest | Zoot Enterprises Makes it Look 'Easy Being Green' Automotive Digest posted Zoot's green initiatives as "Today's Featured Industry Press Release". To view the release in its entirety visit our press release page. |
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| 2007 -2001 | Press Articles Archive | |||
