Major Canadian automotive captive client lender to adopt CollateralGuard Enterprise (CGe) to streamline its lending due diligence
TORONTO, Feb. 6, 2017 /CNW/ - DH Corporation (TSX: DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that it is onboarding its first major automotive captive client on CollateralGuard Enterprise (CGe). The client, which boasts significant market share in Canada, will use CGe as part of its standard lending due diligence process.
CGe, D+H's next generation search and registration solution, is a risk management technology platform for lenders, which provides a single point of entry to registries across Canada, streamlining all search and registration transactions. The solution incorporates D+H's existing market leading capabilities to help ensure the continued protection of clients' interests, in addition to delivering enhanced risk mitigation tools, configurable reporting and greater operational efficiencies. The platform enables lenders to secure their interests and meet due diligence requirements with ease.
"CollateralGuard Enterprise is built to be a robust, scalable, enterprise-level solution, so we're delighted to have our first major Canadian automotive lender move to our market leading solution," said Duncan Hannay, President, Global Lending Solutions at D+H. "CGe is part of a broader strategy globally, for creating innovative, comprehensive solutions for clients, and delivering them from the cloud."
CGe is a scalable platform that leverages the Microsoft technology stack, a combination of tools including Azure, which enables testing, development and agility in a secure environment.
"Microsoft is pleased to extend its partnership with D+H as it transitions more of its comprehensive lending solutions to the cloud," said Janet Kennedy, President, Microsoft Canada. "The move to the cloud is an essential part of D+H helping its customers grow, simplify, and innovate. We are proud to be providing a strong, technological infrastructure to help D+H achieve that goal."
D+H is a leading provider of recovery, lien registration services and insolvency management solutions to Canadian lenders. With more than 500 clients, D+H handles approximately 4.7 million annual search and registry transactions, 560,000 annual recovery, collection and insolvency assignments, and processes $500 million in recovered funds annually.
CGe is a key part of D+H's integrated, end-to-end collateral management solution for Canadian lenders. To learn more about D+H's CollateralGuard Enterprise, click here.
D+H (TSX: DH) is a leading financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.5 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.