Lender Compliance Technologies (LCT) announced its partnership with Proteris Compliance Solutions to provide finance companies in the automotive, marine and powersport industries with seamless access to LCT’s advanced lender-managed technologies and Proteris’ innovative form approval services. The strategic collaboration will allow lenders and finance companies to stay ahead of the ever-changing regulatory environment through end-to-end compliance solutions for the entire lifecycle of finance and insurance (F&I) product cancellations.
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“We are thrilled to partner with Proteris and extend the value of our compliance technology to their customers,” said LCT CEO Glenn Munro. “This integration underscores our shared commitment to simplifying compliance for the auto finance industry, giving lenders the tools they need to stay compliant while focusing on business growth and customer service excellence.”
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Through the partnership, Proteris and LCT clients will now have access to Proteris’ streamlined consumer form approval services and LCT’s automated loan products cancellation compliance technology directly embedded within its existing platform. This will help lenders efficiently manage form approvals, document generation, audit tracking and regulatory reporting, all while reducing operational risks and ensuring adherence to federal and state regulations.
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“Proteris and LCT are a natural fit because both companies share the mission to provide the most comprehensive compliance solutions, simplify and streamline compliance processes, and foster innovation,” said Zack Pechter, CEO of Proteris. “Now more than ever, the auto finance industry needs solutions that leverage technology to make compliance efficient, affordable and accessible. Proteris’ and LCT’s joint services provide all those benefits to our clients.”
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Source – PR Newswire
