2024
It’s Time to Look Back: How AI Document Intelligence Transforms Legacy Loan Data for Lenders
December is the month many of us spend time taking stock of the year that was. Newspapers and websites tout “Year in Review” stories and Top Ten lists of favorite movies and books. Magazines announce “People of the Year” or the year’s biggest trends. In financial services, December is also when lenders using AI document
Auto Loan Refinancing in 2025: How Lenders Can Leverage AI and Handle GAP Refunds Effectively
As we move closer to 2025, the auto lending industry stands on the brink of transformation, spurred by the Federal Reserve‘s interest rate cuts in the latter half of 2024. These reductions are anticipated to trigger a wave of auto loan refinancing, bringing both new opportunities and unique challenges for lenders in the year ahead.
How Digital Retail, AI, and Compliance Are Reshaping the Used-Vehicle Market
The used-vehicle market is experiencing a fundamental shift as digital retail and fintech solutions redefine the car-buying journey. With more consumers turning to online platforms, dealerships and lenders are integrating technology to meet evolving expectations for speed, convenience, and personalization. These innovations are transforming key aspects of the industry, from optimizing inventory pricing to navigating
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AI Compliance: A Report From the Field
As a former financial regulator, I know my ex-colleagues worry that businesses will skimp on compliance unless they are prodded into submission. That is not my experience when it comes to AI governance. As the head of Informed.IQ’s legal and compliance functions, I see aggressive lender oversight of vendors’ AI solutions. We handle dozens of audits from
Enhancing Fraud Detection in Auto Lending: Leveraging Data to Protect Against Financial Loss
How Does Informed Fight Fraud? At Informed, we’re committed to staying ahead in the fight against fraud. We’ve recently honed our ability to spot misrepresentation in bank statements, paystubs, and other critical documents to help our clients avert credit loss from false information. Just over the past few months, we’ve detected tens of thousands of
Boost Efficiency & Customer Satisfaction in Auto Finance with Document Intelligence
Is your finance team overwhelmed by stacks of paperwork and time-consuming data entry? Do lengthy financing approvals and frustrated customers sound familiar? Are outdated systems holding you back from delivering excellent service? Many professionals in auto finance would likely say “yes” if they’re still relying on traditional, “good enough” processes. That’s why automation projects, especially
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AI in Auto Finance: Automation, Compliance, and Growth
For over two decades, artificial intelligence and machine learning have driven transformative changes in business. Companies such as Visa and Mastercard were among the first to adopt AI, paving the way for its broader use in automating business processes. In the auto finance sector, AI can streamline operations, cut down on resource requirements, and enhance
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