Putting financial institutions at the point of sale.
In many cases, financial institutions are not involved with purchases at the point of sale. Instead, customers contact them through branches, call centers, or websites.
With ARGO Third-Party Origination, institutions become part of the purchasing decision between the consumer and the seller. The solution helps create partnerships with retail businesses and service providers to meet customers’ needs. It also increases revenue and reduces expenses through greater loan volumes, new market channel expansions, and lower delivery costs.
Add New Channels
Your institution can become part of the impulse-buying decision with a motivated consumer and increase loan volumes and capture rates for items such as dental procedures, jewelry purchases, cosmetic surgery, and home improvement projects.
Increase Cross-Sell Opportunities
With Third-Party Origination, your institution can form partnerships to draw in new customers and expand wallet share by expanding the relationships over time.
Lower Delivery Costs
The solution helps your institution save branch employees’ time and reduce delivery costs with service providers and retailers originating applications, printing documents, and obtaining signatures.
Expand Business Relationships
Third-Party Origination can help you foster strong business relationships through on-the-spot financing for each business partner’s products and services. Your institution can offer consumers financing options, while increasing the retailer’s ability to meet customers’ needs.
Create Private Labeling and Branding
Each company or service provider promotes its unique corporate image and identity throughout the application, building trust with customers. The result is increased loan volumes for financial institutions.