Avantek’s Avanta™ Platform Powers CreditStar Loan Aggregator Service
October 25, 2005 -- SUNNYVALE, CA – Avantek, a provider of innovative software solutions for the banking industry, today announced that its Avanta™ platform powers CreditStar™ and DialogLead™ loan aggregator services.
CreditStar and DialogLead are among the first loan aggregator services to be introduced in the rapidly growing consumer loan markets of the Commonwealth of Independent States (CIS) in Eastern Europe. CreditStar helps private borrowers to find the best available loan offers on the market for residential mortgages, credit cards, consumer loans, and car loans. CreditStar operating process is fully automated and supported by proprietary software, which is built upon Avantek’s Avanta platform. On-line interface at
www.creditstar.ru and call center are the two main delivery channels.
While CreditStar is the borrower-facing end of the loan aggregator service, DialogLead is the lender-facing one. It provides the lending bank with a fully automated web-based scoring and underwriting system, allows access to the pipeline of client applications, supports loan product definition and loan portfolio refinancing.
CreditStar and DialogLead services were launched in July 2005, and since then have helped multiple borrowers to get the best loans available in the market.
Avantek’s Avanta is an innovative component-based application platform designed especially for banking, which allows assembly of new banking applications in an accelerated way. Among other components and modules, the platform includes Avanta/Retail, a module for retail loan origination, scoring and underwriting, which is being successfully used at the foundation of CreditStar and DialogLead services. In the future, DialogLead member banks will also leverage Avantek’s Avanta Banking Services Hub integration middleware to facilitate integration with their in-house back office systems.
About Avantek.
Avantek is a Silicon Valley-based software company specializing in innovative IT solutions for the banking sector. The company was founded by a team of bankers and IT professionals with a proven track record in delivering sophisticated software solutions for the banking sector in the areas of core banking, e banking, EFT, card processing, compliance, capital markets, CRM and business process integration. Founded in 2000, Avantek is privately held and headquartered in Sunnyvale, California. The company has over 20 active clients.
