Mazda Financial Services now running with defi SOLUTIONS tools
An Asian automaker now is leveraging the financial technology provided by defi SOLUTIONS through a project that took less than a year to complete.
According to a news release distributed on Tuesday, defi SOLUTIONS announced the live launch of its end-to-end solution for the private label Mazda Financial Services (MFS) business delivered through Toyota Motor Credit Corp.
The companies highlighted this solution encompasses a full suite of defi SOLUTIONS products and services that include the defi XLOS originations platform, defi SERVICING, the defi CONNECT SERVICING portal that can connect contract holders to finance companies as well as back-office processes — including full titles, cash management, toll violations and support for collections, recoveries and remarketing delivered through defi SOLUTIONS’ business processes operations center in Amherst, N.Y.
Bret Leech, chief executive officer at defi SOLUTIONS, highlighted that the entire multi-product, multi-service solution was configured and implemented to fit the specific needs and unique specifications of MFS in only seven months.
“This project with TMCC is a blueprint for growth for the auto finance industry and an example of a true partnership,” Leech said in the news release. “I’m especially appreciative of the efforts on the parts of all teams involved at TMCC, MFS and defi. We came together from concept to completion to quickly deliver a platform unprecedented in its breadth, quality, scalability, and cost effectiveness.
Mazda Financial Services president Pete Carey added, “We trusted defi to partner and work collaboratively with our teams to deliver critical solutions and execute an on-time project launch. We’re excited about the success of this partnership and the opportunities it will provide our business.”