risk

CDK Ransomware Attack: A Comprehensive Overview

Understanding the CDK Ransomware Attack Recently, CDK faced a severe ransomware attack characterized by double extortion tactics. This method involves threat actors encrypting and stealing data, then threatening to leak the information if the ransom is not paid. The attack significantly impacted CDK, which is finally in the recovery phase. In the meantime, they are […]

CDK Ransomware Attack: A Comprehensive Overview Read More »

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.

Key Trends in Enterprise Auto Finance Tech Read More »

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

The Case for Vertical AI Models Read More »

How to get more deals without increasing risk: The Power of a Dealer Portal with Integrated Digital Tools

A dealer portal combining non document verification and document verification in a waterfall with digital collection tools and dealer rewards provides several benefits that contribute to improved JD Power and CSAT (Customer Satisfaction) scores and enhanced capture rates. Documentary and non-documentary validation are two different approaches to applicant validation that are beneficial for auto dealers

How to get more deals without increasing risk: The Power of a Dealer Portal with Integrated Digital Tools Read More »

Generative AI is Reshaping Auto Finance

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

Generative AI is Reshaping Auto Finance 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 »

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 »

Vendor Risk Management

The future of the modern automotive industry will be marked by innovations in autonomous vehicles, electrification, and increased connectivity. Auto lenders need a plan to ensure that their IT infrastructure keeps up with dynamic trends and an ever-changing market. As the industry evolves and digitizes, data security and privacy are more critical than ever. The

Vendor Risk Management Read More »

New: American Banker - Sharing information = best defense against AI fraud

X