"At Cachet we are constantly striving to better serve our clients via new, innovative technology solutions," said
According to Pew Researchers, approximately 12 million US adults annually use payday loans or "cash advance" services, and the numbers continue to grow. Research also indicated that one quarter of borrowers are already using online channels to apply for their loans. Select Mobile™ Lending takes this process to the next level with a unique mobile application, allowing users to apply for loans from their smartphones and tablets.
Select Mobile Lending offers Cachet's financial service organization clients the ability to expand their market reach without investing in additional brick and mortar locations. The application features expansive document imaging and data extraction technology to collect loan application materials from consumers. Loan processors can require images and collect data from a range of documents, including driver's licenses, government IDs, paystubs, bank statements, and more.
In addition to the front-end mobile interface, Cachet has developed a streamlined loan review program for loan operators with filters for sorting loan applicants and the ability to manually inspect submitted documents. The technology can also be integrated with a prepaid card processor to enable loading of funds to users' prepaid cards and access to balance and transaction history information within the app.
To learn more about Select Mobile Lending, please visit www.cachetfinancial.com/products/lending or contact Cachet at firstname.lastname@example.org or 1.877.318.4449.
Cachet Financial Solutions is a leading financial services technology company specializing in commercial and consumer remote deposit capture (RDC) solutions for Mac, PC and Mobile (utilizing Mitek's patented image-capture technology), including mobile check capture for prepaid cards. Our industry-leading platform has simplified the process of developing, deploying and servicing remote deposit capture (RDC), minimizing cost and accelerating speed-to-market and ROI for our clients. With our complete suite of business and consumer solutions, financial institutions and service organizations can better serve the needs of all their customers/members. For more information on how Cachet can help you Unleash the Power of RDC, call 1.877.318.4449 or email email@example.com.
Manon IbesCachet Financial Solutions (952) 698-6952
Source: Cachet Financial Solutions