Inovatec Signs Agreement with AFG Canada to Provide Lease Issuance Services to Canadian Credit Unions
Partnership enables credit unions to offer flexible auto leasing programs from their existing infrastructure
BURNABY, BC /ACCESSWIRE/July 5, 2022/ Inovatec Systems, a leading provider of advanced cloud-based software solutions for lenders, announced that it has entered into an agreement with AFG Canada to provide automated financing technology that supports the organization’s auto leasing programs offered to credit unions Canadian. As part of this relationship, AFG Canada will leverage Inovatec’s proven Consumer Direct portal to provide comprehensive lease origination services to credit unions looking to provide robust, flexible and secure lease options to consumers.
Based in Vancouver, AFG Canada provides the technology and people that enable Canadian credit unions to deliver automotive leasing programs to consumers and businesses. AFG Canada manages residual value risk and the vehicle return process, making the rental experience more convenient for members. By integrating Inovatec’s innovative and reliable technology into its offering via an API, AFG Canada makes it easy for credit unions to add attractive car rental services to their portfolios without having to invest in infrastructure or staff. This allows credit unions to quickly offer car dealerships competitive lease programs that appeal to consumers.
“Our partnership with AFG Canada will directly benefit the hundreds of credit unions across Canada who are eager to provide attractive auto leasing programs to consumers and businesses,” said Vlad Kovacevic, Co-Founder and CEO of AFG Canada. Inovatec. “We are always striving to deliver innovative editing and management features that enable our clients to expand their portfolios, increase their revenue, delight their clients and reduce their expenses. The relationship with an organization with views like AFG Canada gives us the ability to help credit unions provide competitive leasing options to their members.
Inovatec’s cloud-based solutions enable lenders to accelerate underwriting and improve loan management through intelligent automation that can be customized to meet the exact needs of lenders. The company’s solutions enable lenders and other financing organizations to adjust workflows and create new business processes as needed, ensuring lenders can compete without compromising data security, privacy and compliance regulatory.
“We are very proud to partner with Inovatec, who have been at the forefront of creating reliable, secure and flexible origination and management solutions for lenders,” said Mark Caschera, vice president of AFG CANADA. “We are confident that this partnership will immediately benefit the many Canadian credit unions looking to add leasing programs to their portfolios.”
For more information on Inovatec’s Integrated Lending System, Lending Management System and Client Portal Solution, visit www.inovatec.com.
Inovatec Systems Corporation’s proven cloud-based loan origination and loan management solutions improve business outcomes for automotive, powersports equipment and other lenders in North America. Inovatec’s unique flexible platform enables lenders to meet changing customer requirements, increase revenue, reduce operating costs, and improve customer experience, all through an intuitive, easy-to-use interface. to configure and manage. For more information, visit www.inovatec.com.
About AFG Canada
AFG Canada offers an innovative turnkey indirect leasing program. AFG Canada’s program is designed specifically to help credit unions differentiate themselves in the financial services market and create a new source of revenue. An AFG Canada lease is very user-friendly and will help participating credit unions retain existing members and attract new ones. The program is customized for each credit union. For more information about AFG Canada, call toll-free at 888-486-1278, or visit www.afgcanada.ca.
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Parallel Communications Group, Inc.
THE SOURCE: Inovatec systems
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