Zoot Reports Successful Year in 2010
Company reaches 20 years in business, expands international programs
February 8, 2011
Zoot, a leading provider of advanced instant credit decisioning and loan origination announced announced the company continues to grow and has expanded its reach in European markets. The company was recognized as a 2010 innovator by Bank Technology News, received a patent for its enterprise cross-sell management solution and celebrated 20 years of service to the financial industry.
Zoot’s international presence expanded in 2010 through the addition of new clients and 14 data sources. Zoot also added two top 10 banks to its North American client roster and now has partnerships with more than 70 information solution providers. Additionally, the U.S. Patent and Trademark Office granted the issuance of U.S. Patent Number 7,805,330 for the company’s enterprise cross-sell management solution.
Zoot was recognized by Bank Technology News as a 2010 Innovator for itszOptimize℠ Multichannel Cross-Sell Solution. This joint solution with EMI Strategic Marketing and Insight Marketing, Inc. manages and optimizes offers through integrating consumer channels and implementing sales diagnostics, predictive modeling and dynamic situational scripting.
Zoot also launched zAcquire℠ instant prescreen decisioning solution with Prescreen 3.0 capabilities. Prescreen 3.0 integrates new types of data into the instant prescreen process and provides a more comprehensive evaluation of consumers. Additional data, when employed in a prescreen environment provides more accurate, predictive and cost effective credit decisions. Lenders are able to grant credit to a greater number of consumers, without changing their risk tolerance, and gain insight regarding the most appropriate credit product to offer.
Though the recession hit the financial industry hard, Zoot’s ability to help clients to react to the market faster than their competitors allowed Zoot clients to expand their credit portfolios more quickly when the market started to turn around. Zoot’s average processing time for transactions in 2010 was 0.41 seconds. “Zoot’s ability to execute sets the company apart from its competitors. It takes more than just good technology to be successful in this business. Implementation, support and the ability to evolve are also important. Zoot’s strength lies in being a consultative partner, with proven technology, while not promising more than we can deliver,” said Dennis Dixon, president of Zoot Enterprises.
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About Zoot
Bozeman, Mont.-based Zoot Enterprises, Inc. provides comprehensive credit decisioning, loan origination and credit risk management solutions to enable clients’ unique business objectives, leading to long-term relationships with top U.S. banks. Zoot’s rapid, high-volume processing environment has the capacity to process billions of transactions per year. Visit http://www.zootweb.com or call 406.556.7555 for more information. Zoot thought leaders are now featured on http://www.zootweb.com/blog/.
