Credit score solutions provider SavvyMoney has introduced Get My Rate, a new personalised offer automation tool designed for financial institutions (FIs).
This tool aims to enhance interactions with both members and non-members by providing customised experiences and extending market reach. Get My Rate integrates consumers into the FI’s marketing strategy, offering pre-qualified loan options that align with their credit profile and current rates.
Get My Rate differentiates itself from other pre-qualification solutions by allowing users to receive multiple pre-qualified offers simultaneously. It also provides ongoing alerts when rates become more favourable, along with continuous credit monitoring and financial wellness tools.
These features help consumers improve their financial profiles, potentially unlocking better loan opportunities and cost savings.
SavvyMoney president and CEO JB Orecchia said: “SavvyMoney is thrilled to introduce Get My Rate — the first tool of its kind — marking a new era of convenience, empowerment, and expansion.
“Given credit criteria and rates change all this time. This solution provides a personalised solution that alerts consumers when the product or rate meets their needs.
“In an industry that’s rapidly evolving with digital transformation and increasing consumer expectations, it truly exemplifies our commitment to reshaping the lending landscape, putting the power of personalisation in the hands of consumers while driving continued growth for financial institutions.”
Key features of Get My Rate include streamlined pre-qualification for loans, progress alerts for credit improvement goals, and personalised marketing offers from FIs.
The tool also simplifies borrowing processes, expands market share, and fosters long-term relationships between FIs and consumers. This marks a significant development in financial technology, offering FIs a robust customer acquisition tool and supporting long-term consumer engagement.
By providing free access to pre-qualification and financial wellness tools, Get My Rate enables FIs to build deeper relationships with consumers beyond traditional loan origination. This innovation reflects SavvyMoney’s commitment to redefining financial services with consumer-focused solutions.
