Zoot Expands Enterprise Cross-Sell to Reach Underbanked Consumers

Underbanked consumers spend $1 trillion a year¹

April 23, 2007

Bozeman, Mont – Zoot Enterprises, Inc., a leading provider of advanced instant credit decisioning and loan origination solutions, announced the expansion of its Enterprise Cross-Sell Manager solution to lenders serving the underbanked market, or consumers who have limited or no credit history.  Enterprise Cross-Sell Manager offers banking products across multiple lines of business through multiple channels. Traditionally used by large financial institutions looking to increase customer loyalty and maximize business revenues, Enterprise Cross-Sell Manager is also an effective tool to minimize risk for lenders serving non-traditional credit customers by providing a more complete and accurate credit assessment of borrowers with thin credit files.

One of the biggest challenges for supporting consumers with limited credit history is the need for more aggressive portfolio management. Effective portfolio management requires understanding the needs and situation of the consumer and responding rapidly as these circumstances change. In addition to bringing multiple data sources together and using advanced business rules to implement business policies, Enterprise Cross-Sell Manager supports scheduled reviews of the portfolio to ensure aggregated consumer behavior is carefully monitored.

“All banks tend to share the same near-term goals: grow revenue, increase profit, reduce customer turnover, and simplify technology systems. In addition, lenders are increasingly turning to non-traditional credit scoring to expand their pool of creditworthy applicants. The challenge is to accomplish these goals without increasing the risk of exposure or spending a fortune,” said Chris Nelson, founder and CEO of Zoot. “Zoot has expanded our advanced solution, Enterprise Cross-Sell Manager, to assist lenders in reaching this untapped market and achieving their business objectives.”

All Zoot solutions support enhanced fraud capabilities, identification verification, and address mismatch notification. These features allow lenders to create a more secure basis for offering credit to someone with no history. Zoot’s ability to create complex analytics and scorecards reduces risk in non-traditional lending.

About Enterprise Cross-Sell Manager
Zoot is uniquely positioned to assist lenders seeking to increase core deposit growth. Enterprise Cross-Sell Manager can determine the best products to offer based on known consumer information and allows Zoot clients to respond with the Right Product to the Right Person at the Right Time™.

Enterprise Cross-Sell Manager positions companies for further growth by enhancing and deepening customer relationships and improving their ability to compete for existing and prospective customer wallet-share. It integrates with existing legacy systems as well as newly deployed solutions, reducing operational costs without compromising the risk criteria or best practices of any individual line of business.

About Zoot Enterprises
Bozeman, Mont.-based Zoot Enterprises provides large financial institutions with highly configurable, credit bureau independent instant credit decisioning and loan origination systems. Its fast, flexible and highly secure solutions reduce risk and improve performance for seven of the top-ten U.S. financial institutions accounting for more than 200 million credit transactions a year. The company's product lines support a wide range of transactions and allow clients to adapt to market changes in real-time. The ability to meet virtually any credit origination need has led to the company's long-term partnerships with the nation's most innovative financial institutions. Visit www.zootweb.com or call 406.586.5050 for more information.

MEDIA CONTACTS: William Mills Agency, Andrew McCaskill, 678-781-7210 or Zoot Enterprises, Eric Lindeen, 406-556-7449

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