SpringboardAuto, a direct auto lender originating loans for lending partners, today announced the launch of SpringStack™, an auto finance platform that powers banks and other companies with a white-label direct auto lending experience to meet the demands of today’s and tomorrow’s customer. SpringStack’s advanced technology enables banks to enhance their customers’ current direct auto lending experience, expand the breadth of existing offerings with products such as private party transactions, or enter the direct auto lending market.
“While pieces of the online auto purchasing puzzle have been individually available for years, SpringStack is helping to bridge the technology and operational gaps for banks and other companies,” said Jim Landy, CEO and Founder of SpringboardAuto. “With SpringStack, lenders can now offer their customers a transparent, empowering, mobile-friendly and self-directed auto finance experience -- and it is available as a total solution, or to fill in specific product gaps like private party purchase or lease buyout offerings, both of which require facilitating ownership change on behalf of the customer.”
Over 80% of customers who rated their experience with SpringboardAuto, which uses SpringStack technology, gave a 5 out of 5-star review. The positive customer experience extends to the overall satisfaction rating of the auto dealer selling the vehicle, with customers stating they are more likely to return to the dealer for service, recommend the dealer to friends and family, and return to the dealer for their next purchase.
SpringStack’s full-stack solution leverages scalable and proven technologies, such as Node.js, PostgreSQL, MSSQL, MongoDB, and AngularJS, to power banks with:
“Our mission is to enable a great user experience for consumers looking to finance and purchase a vehicle, and we know that banks share this goal,” continued Landy. “We are pleased that SpringStack can help banks achieve just that -- and more, with less.”
SpringboardAuto was created by finance industry veterans who saw gaps in the digital auto-buying experience. The company’s mobile-friendly auto finance solution simplifies a secure online transaction for customers, dealerships and private sellers. The company’s SpringStack platform offers a white-label technology, marketing and fulfillment services to banks and other companies.
Melanie Webber, mWEBB Communications, (949) 307-1723, melanie(at)mwebbcom.com
Angela Jacobson, mWEBB Communications, (714) 454-8776, angela(at)mwebbcom.com
Amber Barrett, SpringboardAuto, (949) 945-4947, amber.barrett(at)springboardauto.com