Blog

Why you should streamline your tax processes with automation this season

AI-generated image from Midjourney Current lending landscape It’s tax season again and many lenders find themselves inundated with paperwork and forms each year. The looming deadline is set for April 18th this year and for people in accounting and finance fields, this can be an incredibly stressful time working to process the vast amount of tax […]

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Technology & transformation: Women driving change in finance

In honor of Women’s History Month, together with American Banker we brought together four accomplished women in finance for an online Executive Roundtable. These leading voices from across the industry will discuss the current state of US lending.  During this engaging session, the panelists weighed in on what’s happening in lending in the current economy

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CFPB Auto Loan Data Collection and What it Means for Auto Lenders

The Consumer Financial Protection Bureau (CFPB), in a move that could have seismic regulatory implications for auto lenders, recently announced a proposal to collect detailed, transactional information from thousands of loan providers. Quick background In early 2023, the CFPB issued a data request to nine auto lenders relying on its authority under Dodd-Frank to monitor

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New Data Reveals First Look at Insights into Voluntary Protection Products by Consumer Categories and Employment Type

New Data Reveals First Look at Insights into Voluntary Protection Products by Consumer Categories and Employment Type

[This is the 3rd and final installment of a multi-part series on voluntary protection products.  You can see previous posts Blog 1, Blog 2 here] Introduction If auto lenders weren’t concerned about fair lending risk in their portfolio before now, President Biden’s recent Executive Order on the AI  and other Federal Agency announcements have put discrimination

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Blog - Navigating the Enterprise Auto Finance Tech Landscape

Key Trends in Enterprise Auto Finance Tech

AI-generated image from Midjourney The year 2023 has been a whirlwind in the enterprise tech world, specifically in the auto finance sector, marked by significant shifts and unexpected developments. From the rise of generative AI to unconventional cybersecurity tactics, the landscape is evolving rapidly. We’ll delve into the noteworthy trends that have shaped the narrative.

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NADA 2024 Recap

Last week, NADA 2024 in Las Vegas, drew over 23,000 attendees. Auto dealers explored new technology and engaged with lenders and vendors. A standout session focused on the combined power of AI and human capital, particularly featuring female leaders.  On Friday, NADA experts and industry leaders engaged in rapid 20-minute sessions, while Steve Greenfield, CEO

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AFSA 2024 Recap

The Informed team is just back from a great trip to the AFSA 2024 Vehicle Finance Conference and Expo in Las Vegas. It’s the first leg of a weeklong marathon of auto industry meetings that some call “Hell Week.”  The week wrapped up with the National Auto Dealers Association (NADA) Conference. We humbly thank the

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Blog - Document Quality Decline Among Seniors and African Americans

Document Quality Decline Among Seniors and African Americans can lead to greater friction in the loan approval process

Over the last 20 months, there’s been a noticeable decline in lending verification document quality – disproportionately affecting senior citizens and African Americans. According to Informed’s Data Consortium, senior citizens are 1.4 times more likely to upload poor quality documents and African Americans are 1.1 times more likely. This statistical variation suggests a potential correlation

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The Case for Vertical AI Models

AI researchers from Google, Berkeley, and other universities recently engineered what they described as a “silly attack” on Chat-GPT. They asked the model to repeat the word “poem” forever, which caused the model to emit large quantities of its training data, including names, email, physical addresses, phone numbers and other personal information (PII).   Though superficially

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

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