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DecisivEdge Featured in the Canadian Auto Journal

Newark, Delaware (June 14, 2019) – DecisivEdge Senior Vice President Andrew MacDowell, was recently interviewed by the Canadian Auto Journal for an article focusing on how alternative data can be used to evaluate credit applications.

The article Alternative Data – Life Beyond the Credit Score written by Krystyna Lagowski, talks about how non-traditional approaches are being used to evaluate loan applications. Andrew MacDowell explains that by leveraging alternative data in the credit decisioning process can help lenders improve approval rate of traditionally declined applications, increasing their “slice of the pie”.

“If a car dealer has 10 people apply for a loan for a car every month, and can only approve six of them, how can they make that number seven or eight?” MacDowell asks. “They have to fundamentally look at how they’re lending today, and whether they’re okay increasing their risk appetite.”

MacDowell also discussed expanding DecisivEdge’s solution Lending and Leasing as a Service to Canada. “We’re diving deep into the Markham  community, but looking to offer our services nationally,” he explains. “We have a lending and leasing product, and offer a cloud service host along with it, that was built for the automotive market. We’ve sold it to automotive companies, and we’re hoping to expand that product in Canada very specifically.

To read the article Alternative Data – Life Beyond the Credit Score, click here.

About DecisivEdge

DecisivEdge is a business consulting and technology services company.  We support our clients’ critical business and technology needs by providing them with the customized technology solutions, operational strategies and detailed analytics required to seize their market opportunity.

We are knowledge leaders with deep experience.  Our clients benefit from our unique ideas, knowledge of industry best practices and our ability to develop creative solutions to overcome their highest priority business and technology challenges.  Our collaborative approach is designed to really understand our clients’ business objectives, and then deploy a seasoned solution delivery team to get the job done right the first time.

About Autosphere

Autosphere.ca is the Canadian leader in B2B automotive communications. This is accomplished by providing reliable, accurate and timely information through a quality, innovative product portfolio linking all areas of the automotive industry, resulting in both value and a memorable experience for all stakeholders.

Linking all segments of the industry, we generate significant benefits for stakeholders while promoting a memorable experience through reliable, accurate and relevant information.

Autosphere.ca is a property of Rousseau Communication. For more information, visit the company website.