92 Days to Go Live in the Indirect Auto Market

A top-50 publicly traded bank with total assets in excess of $30 billion approached defi after another enterprise lending institution discontinued its indirect auto business. The bank intended to enter the indirect auto market and, referred by a satisfied client, turned to defi SOLUTIONS.

Time was of the essence. The bank needed to go to market as quickly as possible. They had already hired key credit and sales team members from the auto finance team enterprise institution and had firm commitment dates.

The project started on June 1, 2022, and began operations on September 30, 2022—in 92 days.

The success of this project was due to the bank’s dedication to the project and the established processes and product flexibility configurability of defi SOLUTIONS. The teams took immediate action, ramped up a new product instance, configured the system to the specifications of the bank, and began operations as planned.

By working in a true partnership, defi enabled the success of the top 50 bank’s project for the immediate and goals for the future.