Earnix, the provider of intelligent cloud-based real-time rating, dynamic pricing and product personalization solutions for insurers and banks, announced that Angle Auto Finance, an independent financier, tapped Earnix as its strategic partner to address the evolving demands of auto buyers. The resulting solution ensures delivery of analytics-driven, personalised pricing, enabling dealers to align with the increased demands of today’s consumer.
What does the partnership mean for Angle Auto?
The Earnix partnership allows Angle Auto Finance to capitalise on the advanced technologies from Earnix’s dynamic pricing engine and offer the loans and terms best suited to its customers. Using the analytical outcomes and insights from Earnix empowers Angle Auto Finance to provide compelling offers while still effectively controlling overall risk exposure.
Angle Auto Finance is among Australia’s top auto financiers. Its new personalised pricing systems, based on Earnix solutions, are designed to provide loan offers tailored to individual circumstances across a spectrum of clients. This ensures partner dealers can meet the ever-changing demands of the market, supporting their goals for growth and market penetration.
Greg White, Angle Auto Finance COO said: “There is more competition for auto loans than ever before. Because of that, we needed a solution that would allow us to deliver personalised pricing as a first step towards our desired state of advanced dynamic pricing.”
“Also, we wanted a strategic partner we could count on long term and Earnix fit the bill. Now, we have a scalable, analytics-driven, solution that provides market leading capability.”
What does the partnership mean for Earnix?
Be’eri Mart, Global Head of Banking at Earnix added: “We’re always excited to partner with market leaders. With Earnix, Angle Auto Finance can meet the demands of their customers, who have countless choices in today’s increasingly competitive auto financing market.”
“Limitations posed by traditional pricing models coupled with the heightened demand for faster, more personalised offers, means lenders need better solutions now,” Mart said.
Finity Consulting, a strategic analytics consulting firm with over 30 years of analytics, actuarial, business strategy and data services expertise worked with Angle Auto and the Earnix team to build the pricing models and implement the solution using Earnix technology.