ARGO Data Resource Corporation Announces Strategic Alliance With Bankers Integration Group, Inc.
SAN FRANCISCO, Jan. 31 -- ARGO Data Resource Corporation (ARGO), a market leader that provides automated retail delivery and lending systems for financial services companies, announced today that it will enter into a strategic alliance with Bankers Integration Group, Inc. ("BIG"), to deliver a seamless process for automobile dealers and lenders to decision financing in real time and finalize loans in a matter of seconds. Details of the strategic alliance between ARGO of Dallas, TX and BIG of Laguna Niguel, CA, will be detailed at a Press Conference, Noon, (Pacific Time), Sunday, February 2, 2003, Room 228, Moscone Convention Center, San Francisco during the annual National Automobile Dealers Association Convention and Exposition. Since 1980, ARGO has provided best-of-breed solutions to the financial services industry based on architecture that enables large-scale delivery systems to operate through a common platform. ARGO's Enterprise Commerce Server ("ECS") is the foundation for its middle-tier architecture, giving financial institutions the capacity to strengthen long-term profitability by providing a scalable, highly available processing system for multi channel business applications. BIG is an application service provider whose patent pending BIGFNI software solution provides a web-based risk analysis engine that is unique to the automobile finance industry. The BIGFNI solution does more than simply automate the finance application process between lenders and automobile dealers -- it provides a powerful tool for prescreening loan applications and matching them to lender programs, ensuring that consumers are offered the best financing available to them. "Based on our review of the marketplace, we believe that the BIGFNI system offers an innovative solution for lenders involved in automobile financing, increasing efficiency in their distribution systems and providing them with significant savings in the cost of loan acquisitions," said David McCune, Corporate Vice President of ARGO. "The improved efficiencies and reduced costs offered by the BIGFNI system fits squarely within the goals of our lending clients." "We are particularly pleased to be working with a company whose technology solutions are synonymous with trust and reliability in the financial services industry," said Ted Cunningham, Vice Chairman of Bankers Integration Group and former Executive Vice President of Global Sales and Marketing for the Chrysler Group. "By integrating our front-end Web-based system with ARGO's Indirect Lending Solution, lenders will be able to further maximize their sales and improve their processes, while delivering better service to dealers and consumers." About ARGO Data Resource Corporation: ARGO Data Resource Corporation, based in Dallas, Texas, a market leader among the top financial institutions in the U.S., automates retail delivery and lending systems for financial services companies. ARGO solutions cover branch/office automation (platform and teller), investment sales, call center, Internet, lending and collections, with integrated Customer Relationship Management (CRM). ARGO has been providing solutions to the financial services industry since 1980 and excels at implementing cost-effective, best-of-breed solutions. ARGO solutions provide the architecture necessary to run large-scale delivery systems through a common platform, with significant re-use of tailored application components and integration of host applications. About Bankers Integration Group, Inc. Bankers Integration Group, Inc., with its headquarters in Laguna Niguel, California, is an application service provider to the finance and insurance industries. Its patent pending software engine is a web-based risk analysis engine that allows automobile dealers and lenders to decision financing in real time and finalize loans in a matter of seconds. Partnering with leading financial institutions, the BIGFNI software engine operates over the Internet through a standard browser, interpreting credit data, rendering a credit decision, and matching buyers with loan programs based on credit history drawn from the three major credit bureaus, vehicle type, and a lender's underwriting criteria. The system is designed to host a variety of prime and non-prime Lenders. For more information about Bankers Integration Group, visit the company's Web site at http://www.bigfni.com .