STOCK TITAN

Conduent Presents Lending Solutions that Drive Efficiency at LendIt Fintech 2022

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Conduent (CNDT) is showcasing its loan servicing solutions at LendIt Fintech in New York City on May 25-26, 2022. The company manages over $120 billion in assets, supporting 14 million consumer loans and leases. Conduent's Loan Manager platform offers enhanced account servicing and collections recovery, aiming to improve customer experience and reduce operational costs by up to 25%. The platform facilitates real-time data access and integrates with service providers via an extensive API library, addressing challenges in the financial services sector.

Positive
  • Conduent supports 14 million consumer loans, managing over $120 billion in assets.
  • The Loan Manager platform can lower IT and operational costs by up to 25%.
  • The solution improves customer service experience through real-time data access.
  • Integration capabilities with an extensive API library enhance operational efficiency.
Negative
  • None.

FLORHAM PARK, N.J., May 24, 2022 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a business process services and solutions company, will be onsite at LendIt Fintech from May 25 to May 26 in New York City to feature its lending solutions that efficiently handle large volume operations, optimize workflows and improve the customer experience.

As a leading provider of loan servicing solutions in the auto financial services industry, Conduent supports 14 million consumer loans and leases, translating into managing more than $120 billion in assets. A team of financial industry experts will be in booth 412 to discuss how Conduent’s Loan Manager, a cloud-based loan and lease servicing and collections platform, delivers improved account servicing and better collections recovery rates.

Conduent’s Loan Manager solution helps banks and specialty financial institutions:

  • Improve the customer service experience with real-time, accurate data
  • Lower IT and operations costs by as much as 25% by improving process efficiencies across loan and lease servicing and collections operations
  • Integrate with other service providers through an extensive API library
  • Drive higher consumer satisfaction rates through omnichannel capabilities

“The current financial services environment is ripe for breakthroughs in operational efficiency and customer experience. However, seizing on opportunities is difficult if an organization is mired in challenges like complex legacy systems, back-office processing hurdles, or high-volume call center needs,“ said Jeff Higdon, senior director, consumer lending and capital markets at Conduent. “Our teams and technologies meet the challenges head-on and clear a new path to digital experiences and business growth.”

To learn more about quickly tailoring, scaling, and evolving loan, lease and collections operations using Loan Manager, visit Conduent at LendIt Fintech.

About Conduent
Conduent delivers mission-critical services and solutions on behalf of businesses and governments – creating exceptional outcomes for its clients and the millions of people who count on them. Through our dedicated people, processes, and technologies, Conduent solutions and services enhance customer experience, increase efficiencies, reduce costs, and improve performance for most Fortune 100 companies and more than 500 government entities. Whether it’s touching three out of every four health insured lives and delivering 45% of SNAP payments in the U.S., or enabling 1.3 billion customer service interactions and empowering 10 million employees through HR services worldwide, Conduent services and solutions interact with millions of people every day and move our clients’ operations forward. Learn more at https://www.conduent.com.

Media Contact:
Lisa Patterson, Conduent, +1-816-305-4421, lisa.patterson@conduent.com

Investor Relations Contacts:
Giles Goodburn, Conduent, +1-203-216-3546, giles.goodburn@conduent.com

Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives and views, visit http://twitter.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.

Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.


FAQ

What is Conduent showcasing at LendIt Fintech 2022?

Conduent is showcasing its loan servicing solutions and the Loan Manager platform.

How many consumer loans does Conduent support?

Conduent supports 14 million consumer loans and leases.

What is the potential cost reduction offered by Conduent's Loan Manager?

The Loan Manager can lower IT and operations costs by up to 25%.

When is Conduent participating in LendIt Fintech?

Conduent is participating in LendIt Fintech from May 25 to May 26, 2022.

What kind of experience does Conduent's Loan Manager platform improve?

It improves the customer service experience with real-time, accurate data.

Conduent Incorporated

NASDAQ:CNDT

CNDT Rankings

CNDT Latest News

CNDT Stock Data

607.58M
148.20M
8.08%
75.41%
2.33%
Information Technology Services
Services-business Services, Nec
Link
United States of America
FLORHAM PARK