If you’ve been wondering what all the buzz around Informed is about, now’s your chance to find out. This new explainer video covers the high points of how Informed’s ai platform enables consumer lenders to fund more loans faster while reducing risk, cost and fraud. According to a JD Power Survey, “receiving loan approval within …
Robotic Process Automation (RPA) helps auto lenders accelerate the lending process and significantly increase their revenue. One of the biggest challenges for RPA is the quality of the documents. Documents that reach the lender have been printed, scanned, and faxed multiple times, resulting in sub-par document quality that might not even be readable by a …
How Informed.IQ uses domain knowledge to provide better RPA Read More »
Optical Character Recognition or OCR is a technology enabling computers to “read” text off of documents. It is usually priced per page and can be riddled with mistakes. The lack of accuracy makes it of little practical value for organizations looking for a clear picture of the data in the documents. In order to get …
OCR … OC WHAT? What is Optical Character Recognition? Read More »
The lending industry is confronted with regulatory and compliance issues and their potential impact on an enterprise. Organizations are seeking to reduce fraud and adapt to the current dynamic environment of fraudulent activity. Proactively addressing lending regulations with modern document processing infrastructure provides effective monitoring and review controls that facilitate risk reducing actions that securely …
How Lenders can Increase Compliance and Reduce Fraud Read More »
The Informed Team is just back from a productive Fintech Nexus USA (formerly Lendit Fintech) where our CEO Justin Wickett was joined onstage by Mike Qin, Vice President, Business Analysis at Capital One for a conversation moderated by John Siracusa, Host and Producer of the “Bank On It” podcast. Here are some excerpts from their …
Lendit Fintech Session: The Use of AI in Full-Spectrum Lending Read More »
