Fintech solutions provider D+H has onboarded its first major automotive client on CollateralGuard Enterprise (CGe). The client will use CGe in its standard lending due diligence process.
Described in a release as a next generation search and registration solution, CGe is a risk management technology platform for lenders offering a single point of entry to Canadian registries. It is a scalable platform leveraging Microsoft’s technology stack, which is a combination of tools including Azure.
“CollateralGuard Enterprise is built to be a robust, scalable, enterprise-level solution, so we’re delighted to have our first major Canadian automotive lender move to our market leading solution,” D+H president, global lending solutions Duncan Hannay said. “CGe is part of a broader strategy globally, for creating innovative, comprehensive solutions for clients and delivering them from the cloud.”
D+H provides recovery, lien registration services and insolvency solutions to Canadian lenders. Each year they handle 4.7 million annual search and registry transactions, 560,000 annual recovery, collection and transaction and insolvency assignments, and processes more than $500 million in recovered funds.
Tony Zerucha is the managing editor of Bankless Times.
A two-time LendIt Journalist of the Year nominee, Tony has written more than 2,000 original articles on the blockchain, peer-to-peer lending, crowdfunding and emerging technologies over the past seven years, making him one of the senior writers in the alt-fi sector.
"The evolution of the crowdfunding and peer-to-peer lending scenes is absolutely fascinating to chronicle. It is a joy to be around people with such passion and vision."