Matrix Systems, Inc. (DMS), today announced that OnDeck has selected
the company’s Data Access Point™ solution to pull data. OnDeck is the
largest online small business lender in the United States and offers
short and long-term financing options that help small business owners
grow their businesses. OnDeck will leverage Data Access Point™ as the
connectivity engine that provides critical data in support of their
lending decision process.
Access Point™ is a cutting-edge connectivity hub that links clients
to key data sources with a single inquiry and delivers the data within a
standard XML format. This enterprise-level solution provides centralized
access to data sources that are needed throughout the customer
lifecycle, with the ability to quickly and cost-effectively add
additional data sources as business needs dictate. Data Access Point™
also acts as an interface between multiple lines of business, loan
origination systems, and external data sources. Connectivity via DMS
reduces the client’s need to dedicate resource time and expense to keep
up with ongoing credit bureau changes.
In addition to Data Access Point™, OnDeck will leverage CreditBrowser®,
a web-based data access tool that enables report access via standard
Internet browsers, to pull credit and underwrite for their customers.
Credit reports are delivered in a proprietary, easy-to-read format that
reduces errors and improves readability of critical information.
“Digital Matrix Systems has a great suite of data access platforms that
we’re excited to leverage,” said Nick Brown, Chief Risk Officer at
OnDeck. “We’ve enjoyed working with the DMS team and look forward to
continuing to grow our relationship.”
“We are very pleased to announce our relationship with OnDeck,” said
David McGough, Chief Executive Officer of Digital Matrix Systems. “They
hit a big milestone this year passing the $10 billion dollar mark in
originations. We’re happy to be able to help support them in their
About Digital Matrix Systems, Inc.
Founded in 1982, DMS is an international risk management solution
provider that helps clients leverage the power of data to make
better-informed business decisions. Through an integrated product suite,
DMS delivers secure access to consumer and commercial credit bureaus, as
well as specialty data providers. As a reliable partner, DMS helps
leading companies predict and manage risk in a variety of industries,
including financial services, insurance, and brokerage services. The
company provides data warehousing, advanced analytics, scoring models,
and comprehensive consulting services, delivering strategic solutions
tailored to each client’s business goals. For more information, visit www.dms.net.
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