Tavant Technologies Teams With Fifth Third Bank to Deploy Tavant's Consumer Direct Lending Platform
Consumer Connect, a direct-to-consumer online lending website goes live
Tavant Technologies, a leading provider of specialized IT solutions and services for the Consumer Lending domain, today announced the successful launch of Consumer Connect -- Tavant's next generation direct lending platform for Fifth Third Bank's business direct channel. Consumer Connect provides potential borrowers the ability to apply for a home loan online, access useful mortgage tools and information and obtain speedy pre-qualification decisions. Consumer Connect enhances Fifth Third Bank's online branding, providing an improved and compelling user experience. At the technology level, the project successfully leverages and extends the ROI of key business critical applications and interfaces.
Tavant offers a unique value proposition as an end-to-end partner to mortgage companies for the optimization of lending and servicing operations through technology. Tavant is an expert in building SOA based applications and it uses this expertise and its component-based platform to work with lenders on solutions that leverage existing IT systems, rather than replacing them, through a 'surround not replace' approach.
'We are excited to offer this next-generation platform to our customers,' said Andy Ulrich, vice president and mortgage service applications manager at Fifth Third Bank. 'Tavant's online application platform will only strengthen our customer's experience when looking to get a mortgage.'
'Tavant congratulates Fifth Third Bank for the on-schedule deployment of this direct-to-consumer website. We are excited to be associated with Fifth Third Bank and help them improve lead conversion,' said Sarvesh Mahesh, CEO of Tavant. 'Industry is facing challenging times -- we understand the changing requirements of our customers and we adapt quickly to help them achieve their business objectives.'
About Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $116 billion in assets, operates 18 affiliates with 1,298 full-service Banking Centers, including 93 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,329 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2008, has $196 billion in assets under care, of which it managed $30 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at http://www.53.com/. Fifth Third's common stock is traded on the NASDAQ(R) National Global Select Market under the symbol 'FITB.'
About Tavant Technologies
Tavant Technologies, headquartered in Santa Clara, Calif., is a specialized IT solutions and services provider. Since its inception in 2000, Tavant focuses on the development of applications for customers in the Consumer Lending. Trading & Securities, eBusiness and Manufacturing verticals. As a key solutions provider for the Mortgage industry, Tavant has demonstrated expertise in helping lenders convert more leads, cut costs and retain borrowers. Tavant differentiates itself through its ability to reliably apply technology to the most complex and highest performing application environments, in-depth industry domain expertise and a superior outsourcing experience. Tavant is a CMMI Level 4, ISO 27001 & SAS-70 compliant organization.
For further information please visit http://www.tavant.com/.
Source: Tavant Technologies
CONTACT: Vibhor Mishra, Manager, Marketing of Tavant Technologies,
Web site: http://www.tavant.com/