fraud

Fake Paystubs, Overstating Income, Bank Pullouts Plague Auto Financing

The Informed team was thrilled to be featured in the recent Forbes article, “Fake Paystubs, Overstating Income, Bank Pullouts Plague Auto Financing” by Ed Garsten. Ed interviewed executives from Informed.IQ and Tenet.com for their views on how these issues are impacting indirect auto lenders. The story started: Auto shoppers looking to finance their next vehicles […]

Fake Paystubs, Overstating Income, Bank Pullouts Plague Auto Financing Read More »

Master the automation of document verifications

Master the automation of document verifications

Over the years, there’s been a desire to automate underwriting – the ability to return credit decisions in seconds. Many Loan Origination Systems (LOS) providers have invested in capabilities to help their auto lending clients achieve automated decisioning. These include: pulling 3rd-party data, consumer scoring based on lender-specific credit models, and appropriate deal pricing. The

Master the automation of document verifications Read More »

Generative AI is impacting auto lending compliance

Lenders Beware: Generative AI is already Impacting Auto Lending Compliance

Auto lenders, like leaders in other business sectors, are grappling with the current wave of excitement over generative AI. Many of us have already seen a coworker or vendor pitch a generative AI use case. The safe bet is that this technology will bring big changes to auto lending. Compliance Risks From our perspective, this

Lenders Beware: Generative AI is already Impacting Auto Lending Compliance Read More »

CollectIQ Launch Blog

Introducing CollectIQ: the first-of-its-kind Digital Dealer Tool

We are thrilled to announce that we are launching CollectIQ, an AI-powered tool enabling auto lenders to digitally obtain consumer documents for verifying financing requirements. What is CollectIQ? CollectIQ empowers auto dealers to instantly verify consumer data and calculate income, providing a transparent and accurate financing experience. It allows car buyers to securely provide documents

Introducing CollectIQ: the first-of-its-kind Digital Dealer Tool Read More »

AI and Fintech: Transforming the Future of Financial Services

The convergence of artificial intelligence (AI) and financial technology (fintech) is revolutionizing the landscape of financial services. With advancements in machine learning, data analytics, and automation, AI is empowering fintech companies to enhance efficiency, improve decision-making, and deliver personalized experiences to customers. Soon, the power of AI will transform the fintech sector and impact the

AI and Fintech: Transforming the Future of Financial Services Read More »

Informed.IQ Unveils Groundbreaking Product: Non-Documentary Validation for Subprime & Full Spectrum Lenders

San Francisco, CA; July 20, 2023 – Informed.IQ, a leading provider of AI-based software that verifies, streamlines and optimizes loan processing, announced today the launch of an industry-changing product, Skip the Stip™, a non-documentary validation tool for full spectrum and sub-prime auto lenders. Skip the Stip is an AI-powered solution that harnesses the power of

Informed.IQ Unveils Groundbreaking Product: Non-Documentary Validation for Subprime & Full Spectrum Lenders Read More »

Introducing Skip the Stip: Non-Documentary Validation

We are thrilled to announce the launch of an industry-changing product, Skip the Stip™, a non-documentary validation tool for full spectrum and sub-prime auto lenders.  What is Skip the Stip? Skip the Stip is an AI-powered solution harnessing the power of data analytics. By integrating our comprehensive database with advanced machine learning algorithms, we accurately

Introducing Skip the Stip: Non-Documentary Validation Read More »

Auto Finance: Leveraging AI, Transformer Models, and Big Data

As auto finance evolves, so must the underpinning technology solutions. Collaborating with fintechs help finance companies stay ahead of the competition and drive innovation. This includes partnering on artificial intelligence (AI), blockchain and mobile payments. It’s clear that AI will play a significant role in separating the winners from the losers.  Legacy systems are deeply

Auto Finance: Leveraging AI, Transformer Models, and Big Data Read More »

Informed named to the Software Report's Top 25 AI Companies for 2024

X