24 February 2018
visit www.ebaday.com

DealerAccess launches auto loan Internet portal

06 March 2002  |  643 views  |  0 DealerAccess launches auto loan Internet portal

DealerAccess, a privately-held company whose main shareholders include Bank of Montreal and RBC Royal Bank, has gone live with a multi-lender auto financing and status tracking system for car dealers across Canada.

Using the dealerAccess Internet portal, automobile dealers will be able to instantly connect with multiple lenders and process their customers' loans and lease applications online, at the point-of-sale. The system also tracks the status online of applications through to funding and payment.

Current bank subscribers include Bank of Montreal, RBC Royal Bank and financiaLinx. Trans Canada Credit, a wholly-owned subsidiary of Wells Fargo, and HSBC Bank Canada, have also signed up to the portal and will begin offering rates in the next two months.

Barry McMillan, president, Canadian operations, dealerAccess, states: "By developing an information platform that can work with the existing diverse back office systems of each lender, we have created a system that can be adapted to a multitude of lenders."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.vasco.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11587 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10266 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8381 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7935 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7653 views comments | 10 tweets | 14 linkedin

Featured job

Find your next job