As the industry’s landscape becomes increasingly competitive, implementing new digital technologies — and doing it quickly — is vital, according to JD Grogan, vice president of technology at DataScan Technologies.
In that vein, the company has adopted a variety of cloud and mobile technologies to enable users to access inventory data and adjust financing decisions from the dealership floor, on mobile devices or the web.
To connect the new technologies, DataScan has implemented MuleSoft’s API-led connectivity — Anypoint Platform, the companies announced yesterday.
“With an API-led approach, we can enable our clients to have actionable data at their fingertips and our platform can quickly adapt to address the changing needs of the market,” Grogan said in a press release. “MuleSoft gives us the agility and speed required to help our clients effectively manage risk, grow their business, and increase profits.”
API connectivity — a modern and increasingly popular approach to connecting data and applications through a series of reusable APIs — will allow the company to gain greater flexibility to customize user interfaces, integrate third-party vendors, and increase the speed at which the company is able to launch new digital and mobile channels.
“By building an application network with MuleSoft, we’ll be able to dramatically expand our partner ecosystem and enable third-party vendors to integrate with our products even faster,” Matt Powell, vice president of business development at DataScan, said in the release. “Onboarding new vendors and partners used to take weeks — now third parties can easily plug into our system and add value to our solutions rapidly. In addition, Anypoint Platform has made it easy to move from waterfall to agile development, supporting our DevOps and QA automation strategies.”
DataScan serves banks, independent finance companies, and captive financial institutions, managing more than $80 billion of loan collateral in its systems. The company provides web-based technology solutions for wholesale lenders communicating with dealer and manufacturer partners, enabling them to work more effectively and increase productivity and profits. DataScan was first to market with its innovative solutions and conducts over 250,000 audits per year across the company’s 60 clients.