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 »
San Francisco, CA; December 14, 2023 – Informed.IQ, leading provider of AI-software that verifies, streamlines, and optimizes loan processing, unveiled today its new suite of Human-in-the-Loop (HITL) offerings. Informed has augmented its best-in-class AI for extractions, verification, and fraud detection with a Human-In-The-Loop copilot. The copilot supercharges loan officers, making them more efficient and ensuring …
PRODUCTS Human-in-the-Loop (HITL) 100% Extraction Rates What is Human in the Loop? Informed has augmented its best-in-class AI for extractions, verification, and fraud detection with Human-In-The-Loop (HITL). HITL enables operations staff, at Informed or the lender, to verify and correct AI-extracted data. This ensures the highest possible accuracy and completeness so lenders can automate more …
PRODUCTS Informed Fights Fraud Reduce friction, win more deals and reduce fraud risk What is Fraud? Informed primarily focuses on fake paystubs and over-stated income as key indicators or red flags for fraud. Lenders must defend against a growing list of fake paystub sites while ensuring their borrowers aren’t inconvenienced. The last thing a lender …
AI-generated image from Midjourney representing generative AI in autofinance Staying ahead of the curve is essential to remaining competitive in auto finance. The industry has witnessed tremendous growth and been transformed with the advent of cutting-edge technologies. One groundbreaking innovation is Generative AI, driven by neural networks like the Transformer Model. We’ll explore how tech …
AFS was a fantastic experience for the Informed team and from the general buzz it seemed that was the general consensus. It was well attended by many key auto finance executives. I have been to many AFS summits before, but this was my first time with Informed. I am excited and energized from the conversations we …
