2023

How to get more deals without increasing risk: The Power of a Dealer Portal with Integrated Digital Tools

A dealer portal combining non document verification and document verification in a waterfall with digital collection tools and dealer rewards provides several benefits that contribute to improved JD Power and CSAT (Customer Satisfaction) scores and enhanced capture rates. Documentary and non-documentary validation are two different approaches to applicant validation that are beneficial for auto dealers […]

How to get more deals without increasing risk: The Power of a Dealer Portal with Integrated Digital Tools Read More »

OCR is the past, AI is the future

OCR has a long way to go, especially in the auto industry where forms change constantly and new document types are added regularly. However, by combining state-of-the-art OCR technology, with applied intelligence “learned” from a purpose-built large language model (LLM) and subject matter experts, solutions like Informed intelligently “read” the document, turn it into actionable

OCR is the past, AI is the future Read More »

Verifying Bank Statements and Self-Employed Income in Realtime: A Game Changer for Dealer Portals

AI-generated image from Midjourney representing an auto dealer doing manual paperwork Calculating income from bank statements and self-employed applicant’s income has traditionally been a time-consuming, manual process often leading to errors and delays in decision-making. Lenders are now adopting new technology allowing dealers to access instantaneous validation, ensuring accuracy and efficiency in their financial assessments

Verifying Bank Statements and Self-Employed Income in Realtime: A Game Changer for Dealer Portals Read More »

Adding AI on top of OCR creates better results for Auto Lenders

AI-generated image from Midjourney representing AI + OCR in auto lending Optical Character Recognition (OCR) is often considered a magic wand, transforming documents into usable data, with a single “wave”.  This myth starts waning as the documents get more complex, while the business use cases still need data extraction at high accuracy levels – That’s

Adding AI on top of OCR creates better results for Auto Lenders Read More »

Upcoming Webinar: Crossing the chasm into the new digital world: The impact of AI and automation in creating a fully digital auto ecosystem

X