Costa Mesa, California –(Business Wire) — MeridianLink, Inc. (NYSE: MLNK ), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced the expansion of its MeridianLink® Participate in the platform. These new advancements in the company’s marketing automation solutions save valuable time during the pre-screening and deposit account opening process, allowing clients to run targeted marketing campaigns more quickly, delivering the right offer to consumers at the right time .
“In today’s economy, it’s more important than ever to provide consumers with personalized solutions when they need them,” said Devesh Khare, Chief Product Officer, MeridianLink. “That’s why we continue to expand the capabilities of MeridianLink Engage , as an integral part of our MeridianLink® A multi-product offering. We are dedicated to helping our clients drive growth, reach their target audiences, and tailor campaigns to meet changing business and consumer needs. ”
New Engage capabilities include:
- Integrate with MeridianLink® opening ceremony — In addition to the lending campaigns already offered through MeridianLink, Engage can now use the same frictionless offer acceptance experience for customers running deposit account origination campaigns® Consumer integration.
- Home Banking/Internet Banking Integration — Engage allows clients to send targeted campaign messages to key audiences while logged into online or mobile banking systems. In addition to the direct mail and email channels initially available, Engage now allows financial institutions to distribute product offers via notifications to eligible consumers when they log into their online banking platform. If consumers are interested, they are redirected to a pre-filled approval form with just one click.
- Expanded credit bureau integration — At launch, Engage integrates with Experian for pre-screening campaigns. MeridianLink has now extended the integration to Equifax, so customers with preferred relationships with credit bureaus can now take advantage of the pre-screening campaign option.
- Expand lending activity options — At launch, each member’s personalized URL (PURL) in the campaign is only available for pre-screened lending campaigns. MeridianLink now adds the ability to leverage QR codes and PURLs in all lending activity communications, including application invitations, credit limit enhancement programs and pre-screening campaigns for potential members or customers, extending an improved consumer experience across all lending activity types .
“I’ve been pre-screening in-house for the past six years, so when we had the opportunity to work with the Engage team and look into streamlining the process, it wasn’t just the right time, it was the right choice,” said Christine Wright, FedChoice Creative Services Manager for Federal Credit Union. “Engage has allowed us to save time at every step of the pre-screening process, and we are now launching campaigns 15-20 days faster than before. PURLs and QR codes are also very popular with our members! Since the app is Safe, and a good portion is pre-populated, they no longer have to put in the same effort to go through the pre-screening process as they did before.”
Engage optimizes resources for financial institutions’ marketing efforts, enabling them to eliminate challenging data silos and the cumbersome need for IT support to support data extraction, classification and manual reporting for marketing campaigns. Engage’s latest advances enable clients to further reach new customer bases through expanded channels and digital integration. Using Engage, clients can offer consumers multiple loan, account and credit card opportunities on a single platform with advanced data segmentation and simplified execution, saving valuable time and increasing consumers’ share of wallet.
about the meridian
meridian® (NYSE: MLNK) provides digital lending and account opening services to financial institutions and data verification solutions to consumer reporting agencies. MeridianLink’s scalable, cloud-based platform helps clients build deeper relationships with consumers through data-driven, personalized experiences throughout the loan lifecycle.
MeridianLink enables clients to accelerate revenue growth, mitigate risk and exceed consumer expectations through seamless digital experiences. Its partner marketplace supports hundreds of custom innovation integrations. For more than 20 years, MeridianLink has been prioritizing the democratization of lending to consumers, businesses and the community.
For more information, visit www.meridianlink.com.
