Financial Services Organization partners with GDS Link to Accelerate Decisioning Processes for Turnkey Credit Card Program
Recently, GDS Link had the opportunity to partner with Corserv, a financial services company based in Atlanta, Georgia. Corserv specializes in full-service solutions for financial institutions to provide credit card programs to consumer, business, and commercial customers. Corserv reached out to GDS Link, to help build a system that would give banks and institutions access to technologies they couldn’t readily leverage on their own.
About Corserv
Corserv leverages its own proprietary technology and partnerships with third-party providers like GDS Link to provide banks with a full-service turnkey credit card program including:
- Issuance of branded credit cards to both consumer and commercial customers
- Full-featured credit card products
- Marketing strategy and implementation
- Compliance and regulatory support
- Automated credit decisioning and new account onboarding
- Processing and servicing
- Data warehousing, analytics and reporting
The Challenge
The Credit CARD Act created added pressure from regulatory bodies, pushing banks to dig deeper into risk analysis before offering customers access to credit cards and imposing expanded disclosure requirements to ensure transparency. The added steps created by the heightened regulatory focus made the cost and complexity of offering customers credit cards prohibitive for many regional and most community banks.
In essence, Corserv needed an end-to-end platform that would provide its partnering banks and financial institutions with digitally-focused, modern credit decisioning and onboarding solutions.
Read More:
To learn how GDS addressed this challenge, and the results it produced for Corserv, download the Case Study below:
