In 1982, Michael Jackson’s album, “Thriller,” was released and Digital Matrix Systems (DMS) opened for business.

This week, the risk management solution provider announced its 40th anniversary as a provider of data-driven solutions to leading financial institutions and insurance companies.

Since its inception in 1982 by founder and chief executive officer David McGough, DMS has evolved from providing access to data to helping leading companies access the power of that data through advanced analytics. 

In the company’s formative years, the credit industry started a shift to automated credit reporting. DMS was recognized as the first vendor to provide access to all five credit bureaus from a common desktop platform. 

Another early innovation was leading the shift from terminal-based credit bureau access to PC-based access. 

Over the past 40 years, Digital Matrix Systems has introduced numerous solutions that help companies manage risk and improve the efficiency of their operations. 

The DMS solution suite provides broad support of critical business activities, including loan origination, risk management, marketing, fraud mitigation, collections, and consumer dispute resolution.

The company works collaboratively with its clients and is currently honored to support a client roster of more than 500 companies.

In recent years, company highlights include a corporate headquarters move to Plano, Texas, the release of the next generation of DMS Summary Attributes, the launch of DMS TestLab, and enhancements to the CreditBrowser platform. 

Aaron Trentacosta, who previously served as vice president of operations, was named executive vice president in June. 

“I’m proud of what our team has accomplished and DMS’ continued innovation on behalf of our clients,” McGough said in a news release.  “I want to thank our clients for the trust that they place in us and our employees for their commitment and dedication to delivering exceptional quality to our clients each and every day.” 

For more information about Digital Matrix Systems and the company’s evolution, visit www.dms.net.