Partnership will enhance and optimize automotive lenders’ recovery processes
Carmel, Ind. – May 21, 2020 – Allied Solutions, LLC, one of the largest providers of insurance, lending, and marketing products to financial institutions in the U.S. for more than 40 years, announced today its partnership with Recovery Database Network (RDN), a business unit of global vehicle remarketing and technology solutions provider KAR Global (NYSE: KAR). Together, Allied Solutions and RDN will give lending customers a seamless, efficient solution for their asset recovery needs.
For more than 10 years, RDN’s software-as-a-service technology has enabled automotive lenders with improved recovery performance and increased operational efficiency while providing full security and transparency. The web-based application connects thousands of recovery agents and automotive lenders to a streamlined vehicle recovery process — with reduced redundancies and increased actionable data throughout the entire recovery, re-titling, and remarketing value chain.
“Our clients are seeking secure, digital solutions to enhance and optimize their current recovery processes,” said Anne Holtzman, senior vice president, Allied Solutions. “RDN provides a trusted technology that enables lenders to better measure their performance and move more quickly through the repossession process. With a full suite of tools, and continuous adaption, RDN is a great partner to help fill an inventory management need for many of our clients,” Holtzman said.
“At RDN, we are committed to continuously enhancing our technology and connecting customers to a streamlined vehicle recovery process,” said John Sibbitt, vice president of business development for RDN. “Now, Allied Solutions customers using the RDN asset recovery platform will have access to transparent repossession processes with real-time, automated status updates and tracking — connecting Allied Solutions’ lending customers to the agents managing their asset recovery.”
“Allied recognizes that our clients have a diverse and ever-expanding set of needs when it comes to recovery strategies,” Holtzman continued. “This partnership with RDN establishes an adaptable and comprehensive solution that we can provide to our clients so they can feel confident they are being as efficient and effective as possible with their recoveries.”
About Allied Solutions
Allied Solutions, LLC is one of the largest providers of insurance, lending, and marketing products to financial institutions in the US. Allied Solutions uses technology-based products and services customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions maintains over 16 regional offices and service centers around the country and is a subsidiary of Securian Financial Group, Inc. Visit www.alliedsolutions.net to learn more or follow us on LinkedIn, Facebook or Twitter.
About KAR Global
KAR Auction Services Inc. (NYSE: KAR), known as KAR Global, provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global’s unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services, including the sale of nearly 3.5 million units valued at over $40 billion through our auctions. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in more than 80 countries. Headquartered in Carmel, Indiana, KAR Global has approximately 15,000 employees across the United States, Canada, Mexico, U.K. and Europe. For more information, go to www.KARglobal.com. For the latest KAR Global news, follow us on Twitter @KARspeaks
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