Corridor Platforms Partners with Digital Matrix Systems to Transform Data-Driven Decisioning for Banks and Credit Unions

The collaboration accelerates effective decision-making through integrated data, strengthening financial institutions' competitive edge

HAWORTH, N.J.--(BUSINESS WIRE)--Corridor Platforms, the advanced decision and analytics workflow automation platform, has partnered with Plano, TX-based Digital Matrix Systems, Inc. (DMS), a leading international provider of risk management solutions, to leverage DMS’s data and connectivity solutions. Financial institutions can now seamlessly integrate DMS’s robust data infrastructure with Corridor Platforms’ advanced decisioning tools. This collaboration enables faster, smarter decisions throughout the customer lifecycle, including prospecting, acquisition, marketing, and loss management, all while ensuring systematic and robust governance and compliance.

This collaboration enables faster, smarter decisions throughout the customer lifecycle, including prospecting, acquisition, marketing, and loss management, all while ensuring systematic and robust governance and compliance.

DMS provides financial institutions with secure, seamless access to comprehensive data from credit bureaus and alternative data providers, supporting critical business functions like loan origination, fraud mitigation, and risk management.

Corridor Platforms builds on this data foundation by adding a powerful layer of end-to-end sophisticated decisioning capabilities and automated workflows to build, evaluate, govern, approve, and deploy real-time decisions. This capability enhances operational efficiency, drives immediate customer satisfaction, and delivers stronger ROI, accelerating the financial institution's journey to become best-in-class for decisioning.

Other key benefits of this alliance include:

• Enhanced customer and member experiences: In the digital age, where customers expect instant gratification and have multiple choices, it's imperative for financial institutions to elevate their analytical sophistication and offer real-time decisioning to grow and sustain customer relationships. With this partnership, financial institutions can leverage sophisticated and optimized data-driven strategies such as point-of-sale financing, digital loans, mortgage approvals and real-time credit limit changes to offer personalized, timely offerings to their members and customers, significantly improving satisfaction and engagement.

• Robust risk management: With access to a wider range of data sources, institutions can implement more robust risk management strategies responsive to emerging threats.

• Regulatory compliance: This strategic partnership combines Corridor Platforms’ governance-driven decisioning workflows with DMS’ robust data infrastructure to meet stringent regulatory requirements of in-house control over asset, liability-related risk, and marketing decisions.

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“We’re proud to collaborate with Corridor Platforms,” said Carson York, Senior Vice President at Digital Matrix Systems. “By combining Corridor’s real-time decisioning expertise with DMS’s centralized data access solutions, we’re empowering lenders to manage risk more effectively and achieve stronger, more profitable results.”

“Digital Matrix Systems excels at delivering secure, structured access to critical data, while Corridor Platforms transforms that data into actionable decisioning,” said Aditya Khandekar, Chief Revenue Officer at Corridor Platforms. “Together, we’re enabling financial institutions to confidently make real-time decisions that are accurate, compliant, and designed to meet today’s demands in a digital-first market.”

About Corridor Platforms:

Corridor Platforms is a leading provider of proprietary decision workflow governance and automation software. The company’s decisioning platform was created by a team of highly seasoned credit professionals leveraging the most advanced analytics and big data capabilities. The core leadership team comprises senior executives with decades of experience designing, underwriting, pricing, and managing multi-billion-dollar lending portfolios through multiple credit and recessionary cycles. Corridor Platforms Inc. is majority owned by its founders, with additional investment from EXL Service and Oliver Wyman. For more information, visit https://www.corridorplatforms.com and follow Corridor Platforms on LinkedIn.

About Digital Matrix Systems, Inc.:

Founded in 1982, DMS is an international risk management solution provider that helps clients leverage the power of data to make better-informed business decisions. Through an integrated product suite, DMS delivers secure access to consumer and commercial credit bureaus, as well as specialty data providers. As a reliable partner, DMS helps leading companies predict and manage risk in a variety of industries, including financial services, insurance, and brokerage services. The company provides data warehousing, advanced analytics, scoring models, and comprehensive consulting services, delivering strategic solutions tailored to each client’s business goals. For more information, visit https://www.dms.net and follow DMS on LinkedIn.

Contacts

Corridor Platforms

Media Contact: Lauren Perry

SlicedBrand for Corridor Platforms

lauren@slicedbrand.com