MeridianLink, Inc. announced on December 13, 2024, a strategic partnership with Automatic, a fintech firm specializing in connecting used independent car dealerships and lenders. This collaboration integrates Automatic's dealership network technology with MeridianLink's Advanced Decisioning capabilities, aiming to empower financial institutions within the automotive lending sector.
Automatic's platform serves as a link for lenders across its independent dealer network, offering tailored solutions to optimize loan aggregation and enhance operational efficiencies. The integration of MeridianLink's Advanced Decisioning capabilities will augment decision-making for lenders, providing real-time loan analysis, improved risk management, and faster, more precise lending decisions.
Financial institutions already integrated with MeridianLink will gain seamless access to Automatic's platform, enabling them to streamline their lending processes in the used independent space. This partnership is expected to enhance member satisfaction and allow lenders to capitalize on market opportunities by safely accessing new clients.
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