LCT and Proteris Join Forces to Modernize Compliance for Automotive Lenders

LCT and Proteris Join Forces to Enhance Compliance for Automotive Finance

In a significant move for the automotive finance sector, Lender Compliance Technologies (LCT) has partnered with Proteris Compliance Solutions. This collaboration is set to empower finance companies in the automotive, marine, and powersport industries, providing them with improved access to advanced technologies that enhance compliance management. The announcement was made on April 14, 2025, and it marks a pivotal step towards modernizing compliance processes in a rapidly changing regulatory landscape.

Strategic Collaboration to Streamline Compliance

The partnership aims to deliver seamless solutions that integrate LCT's lender-managed technologies with Proteris' innovative form approval services. As the regulatory environment continues to evolve, it is crucial for lenders to stay ahead of the game. This collaboration will allow lenders to effectively manage product cancellations in finance and insurance (FI) by implementing robust compliance solutions throughout the entire lifecycle of their services.

LCT’s CEO, Glenn Munro, expressed his enthusiasm about the partnership, stating, _"We are thrilled to partner with Proteris and extend the value of our compliance technology to their customers. This integration underscores our shared commitment to simplifying compliance for the auto finance industry, giving lenders the tools they need to stay compliant while focusing on business growth and customer service excellence."_

Improved Access to Compliance Technologies

One of the standout features of the partnership is that clients of both Proteris and LCT will benefit from a seamlessly embedded solution. Proteris has long been known for its streamlined consumer form approval services, while LCT specializes in automated compliance technology tailored for loan product cancellations. Together, they will provide a comprehensive suite of tools that enables lenders to efficiently manage essential tasks such as form approvals, document generation, audit tracking, and regulatory reporting.

This integration will ultimately reduce operational risks and ensure adherence to federal and state regulations, benefiting finance companies that are often burdened by complex compliance requirements.

A Natural Fit in the Industry

Zack Pechter, CEO of Proteris, highlighted the synergy between the two companies, stating, _"Proteris and LCT are a natural fit because both companies share the mission to provide the most comprehensive compliance solutions, simplify and streamline compliance processes, and foster innovation. Now more than ever, the auto finance industry needs solutions that leverage technology to make compliance efficient, affordable and accessible. Proteris' and LCT's joint services provide all those benefits to our clients."_

This partnership is expected to not only enhance operational efficiency but also improve client satisfaction as lenders can now navigate compliance challenges more effectively. By harnessing technology, LCT and Proteris aim to create a more accessible approach to compliance that supports the growth and success of finance companies in the automotive sector.

Conclusion: A Step Forward in Compliance

As regulatory demands become more stringent, partnerships like that of LCT and Proteris represent a proactive approach to compliance management in automotive finance. The combination of advanced technology and streamlined processes positions finance companies to excel in an increasingly competitive landscape. This strategic alliance signifies a commitment to fostering a healthier, more compliant automotive finance environment, ultimately benefiting lenders and consumers alike.

For more information, interested parties can visit LCT and Proteris.