We are reflecting on an incredible 2024 year for InformedIQ, one of transformative growth, impactful innovation, and strengthened partnerships with our clients. We are proud to share some of the highlights of what we accomplished together, as well as express our gratitude for your trust and collaboration.
Partnership Highlights of 2024
This year marked significant growth in our partnerships. To kick off 2024, FinBe USA announced their partnership with InformedIQ to digitally collect documents, verify financing policies, and overall create a better dealer and consumer experience by leveraging our AI-powered software that verifies, streamlines, and optimizes loan processing.
In March, Wolters Kluwer and InformedIQ announced a collaborative partnership on AI-driven document intelligence to enhance vehicle lending lifecycle. This partnership utilizes Wolters Kluwer’s market-leading eVault capabilities with Informed.IQ’s document intelligence solution. The combined solution enables lenders to review, validate, and store financing documents to support capital market monetization, real-time onboarding, expedited funding processes and, for consumers, an enhanced finance and insurance experience.
Fuse and Informed.IQ joined forces this year, launching an integrated solution that automates verifications and fraud detection for financial institutions using AI. The integration has streamlining operations for both lenders and dealers by reducing operating expenses, quickly detecting income fraud, shortening loan processing times, and providing easily accessible information in the LOS.
We are also excited to unveil several major partnerships early in 2025. So stay tuned!
Product Highlights of 2024
2024 saw tremendous evolution in our products. Notably, Informed launched Informed Defender, our cutting-edge fraud prevention solution. Defender leverages advanced AI models to detect and prevent fraudulent activities before they can impact lenders, offering critical security and efficiency in the loan origination process. This milestone underscores our commitment to staying ahead of emerging threats and ensuring our clients’ operations remain secure and compliant.
Consumer Portfolio Services has also announced they will be leveraging Informed.IQ’s Dealer Verify to enhance loan processing, increase capture rates, and improve dealer experiences by automating the collection and real-time verification of key consumer stipulations. By embracing Dealer Verify, Consumer Portfolio Services, and their dealers are setting a new standard in auto finance, showcasing how advanced technology can improve not only efficiency but also trust and transparency in the financing process.
Industry Recognition and Leadership in 2024
Industry recognition and leadership were also central to our success in 2024. Informed.IQ earned a spot on The Software Report’s list of the Top 25 AI Companies of 2024, highlighting our innovation and impact. Our General Counsel, Tom Oscherwitz, contributed thought leadership to American Banker with two impactful OpEds: “Sharing information is the best defense against AI-enabled fraud” and “The CFPB’s data access requirements should apply to auto loans.“
Research and Insights in 2024
In January of 2024, we surveyed 2,500 auto lending executives for a close look into how automation and AI are driving operational efficiency for lenders. Our published 20-page report provides valuable insights, highlighting key areas of improvement and opportunities including where AI and automation are being leveraged in their workflows, where compliance issues are affecting them most, and the overall challenges they face in implementing automation.
For more industry insights, you can always check out our 25 episodes of the stAI informed Podcast on various AI and compliance topics, hosted by Jessica Gonzalez, VP of Customer Success, Lending, and Tom Oscherwitz, with special guests.
Looking Ahead to 2025
By leveraging AI and automation, InformedIQ helped our clients reduce manual errors, minimize fraud, and accelerate stipulation clearance. Together, we’ve made significant strides toward creating a frictionless lending experience for dealers and consumers alike.
The foundation we’ve built this year positions us for even greater impact in the coming year. We are committed to delivering new innovations, deepening our client relationships, and expanding our reach to ensure every partner benefits from cutting-edge AI solutions in auto finance.
Thank You to Our Clients
To our clients: thank you for trusting Informed.IQ as your partner in driving efficiency, compliance, and growth. Your feedback and collaboration inspire us to push boundaries and deliver the best solutions for your needs. We are grateful for the opportunity to support your success and look forward to achieving even more together in 2025.
Here’s to another year of innovation and partnership. From all of us at Informed.IQ, happy holidays and best wishes for a prosperous new year!
