Softub selects Metavante for Canadian retail financing programme
Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that it has been selected to launch a retail financing program for Softub, Inc., Canada.
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The Softub finance program will be deployed in over 120 of its retail dealer locations across Canada.
Softub will provide consumers with in-store point-of-sale financing using Metavante's CreditWorx technology platform. CreditWorx is a browser-based lending platform that helps lenders and vendors (retailers, dealers and manufacturers) to drive greater loan volume, reduce costs and increase profitability. Metavante will also provide Softub with dealer support and training, including account management that understands their specific business needs, as well as loan contract auditing and funding fulfillment services.
"We selected Metavante for its expertise in developing a wide range of retail financing programs for manufacturers all over North America," said Gary Kingsley, National Sales and Dealer Development at Softub. "We believe that faster loan approval and turn around at the point-of-sale will not only enable us to expand the relationships we have with our dealers, but also increase customer satisfaction," added Kingsley.
"Our CreditWorx technology platform enables Softub to deploy an automated, online system that will refine their loan approval process," said Rick Arends, executive vice president of Metavante Lending Solutions. "Working with a manufacturer like Softub with over a 20-year history, enables Metavante to continue to expand its footprint in the Canadian consumer lending marketplace."