SavvyMoney unveiled Get My Rate, a personalized credit offer automation tool for financial institutions.
Get My Rate automatically presents the end consumer with ongoing, pre-qualified loan options that align with their credit profile.
The tool also provides prospective borrowers with continuous credit monitoring and financial wellness tools to help improve their financial standing.
Credit score solutions company SavvyMoney announced its latest launch this week. The California-based company is introducing Get My Rate, a personalized credit offer automation tool for banks and financial institutions.
The new tool aims to help banks interact with clients and prospective clients by offering a convenient, tailored experience while enhancing market reach. Get My Rate brings consumers into a bank’s marketing efforts to present them with ongoing offers. If a prospective borrower’s credit improves or if the rate on a loan is lower, the technology automatically presents the end consumer with pre-qualified loan options that align with their credit profile.
Get My Rate allows users to become pre-qualified for multiple offers at the same time and will send the consumer alerts when rates change in their favor. Further enhancing the user experience, borrowers and prospective borrowers receive continuous credit monitoring and financial wellness tools to help improve their financial standing.
“SavvyMoney is thrilled to introduce Get My Rate — the first tool of its kind — marking a new era of convenience, empowerment, and expansion,” said SavvyMoney President and CEO JB Orecchia. “Given credit criteria and rates change all [the] time. This solution provides a personalized solution that alerts consumers when the product or rate meets their needs. In an industry that’s rapidly evolving with digital transformation and increasing consumer expectations, it truly exemplifies our commitment to reshaping the lending landscape, putting the power of personalization in the hands of consumers while driving continued growth for financial institutions.”
Because Get My Rate maintains a connection with the consumers via alerts and ongoing credit monitoring, it can serve as a useful tool to help financial institutions build longer-term relationships with both current and prospective customers.
“In today’s fast-paced financial landscape, consumers expect personalized, convenient experiences. Our new offer automation tool meets this demand head-on, revolutionizing how financial institutions connect with both members and potential customers,” said SavvyMoney Chief Product Officer David Dowhan. “By providing tailored loan options based on real-time credit profiles, we’re not just streamlining the lending process – we’re creating a more transparent, empowering financial journey for consumers while driving growth for our partners.”
SavvyMoney was founded in 2008 as DebtGoal when it operated as a direct-to-consumer subscription service to help consumers get out of debt faster. Today, as a credit score solutions company, SavvyMoney serves over 1,300 banks, credit unions, and fintechs nationwide. The company’s solutions integrate with over 40 U.S. online banking platforms, combining real-time data with digital personalization tools.
Photo by Monstera Production
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Conclusion
In conclusion, SavvyMoney’s introduction of Get My Rate is a groundbreaking solution that bridges the gap between financial institutions and consumers. By providing personalized loan options based on real-time credit profiles, this tool revolutionizes the lending process while empowering consumers to make informed financial decisions. Through continuous credit monitoring and alerts, Get My Rate not only streamlines interactions between banks and clients but also fosters long-term relationships. As the financial landscape continues to evolve, innovations like Get My Rate set the standard for convenient, transparent, and empowering financial experiences. SavvyMoney’s commitment to reshaping the lending landscape demonstrates their dedication to driving growth for financial institutions while putting the power of personalization directly into the hands of consumers.
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