Thursday, February 22, 2024

Sponsored by: defi SOLUTIONS

Next-Level Accuracy: The Impact of AI on OCR in Auto Loan Underwriting

Optical Character Recognition or OCR is a technology enabling computers to “read” text off documents. It is usually priced per page and is often...

How Generative AI is Impacting Auto Lending Compliance

Auto lenders, like leaders in other business sectors, are grappling with the current wave of excitement over generative AI. Many professionals have already seen...

Sponsored by:CARLAW

The Importance of Expanding Personal Financial Data Rights for Consumers

The Consumer Financial Protection Bureau (CFPB) is rolling out an important new rule to give consumers access to their financial data. It’s called the...

CFPB Issues Guidance Warning Creditors Using AI Not to Merely “Check the Box” on Adverse Action Forms

On September 19, 2023, the Consumer Financial Protection Bureau issued Consumer Financial Protection Circular 2023-03 that expressly addresses the legal compliance requirements imposed by...

Sponsored by:Allied Solutions

How Much of the Industry Has Digitized their Back Office Entering the Final Stretch of 2023

As the automotive industry looks at the final stretch of 2023, it is clear that there continues to be progress made in the overall...

How End-of-Year-Sales May Impact Auto Finance Digital Transformation Strategies

Following a challenging sales environment in 2022, a noticeable recovery in the automotive sector has stabilized in 2023. This year, even as supply chain...

Sponsored by:NAF Association

Trust Science Lands FinTech Leader Matt Browning as President to Drive Growth

February 21, 2024 – Palo Alto, California: Trust Science, a loan applicant sourcing, screening...

LAUNCHER.SOLUTIONS and Scienaptic AI Partner to Provide Advanced AI-Powered Credit Underwriting to Lenders

Jacksonville, FL: Today, LAUNCHER.SOLUTIONS (“Launcher”) and Scienaptic AI have announced their full integration for mutual lending clients...

FinBe USA Partners with Informed.IQ to Streamline Originations Process Using AI & Machine Learning

San Francisco, CA; February 6, 2024 - Informed.IQ, provider of AI-based software that verifies,...

John Ruffolo, FCPA Joins Trust Science Board of Advisors

Mr. Ruffolo is a legendary technology investor and innovation powerhouse. He comes from an...

GDS Link & Carleton Partner to Enhance Calculations and Decisioning

The potential benefits derive from integrating Carleton’s financial calculations, CarletonCalcs, and lending document generation...

Agora Data Advances a Large Franchise Auto Group to Meet Growth Goals

ARLINGTON, Texas, Jan. 30, 2024 /PRNewswire/ -- Agora Data, Inc., a fintech company with its...

Sponsored by:NAF Association

CFPB Files Lawsuit Against BHPH Auto Servicer

Hold onto your hats, folks—it’s getting rough out there! Citing the increased cost of...

The CFPB and the Quaint Notion of Caveat Emptor – Bankers Beware!

Doing Business – Horse Trading and Lending Money People selling or exchanging things to other...

Sponsored by:Southern Capital Finance Group

Sense and Nonsense About Credit Models – Part II

A curious trend that has become more pronounced since the pandemic is that many...

Sense and Nonsense About Credit Models – Part I

Auto finance, as we know it today, really began in the late 1980s with...

Sponsored by:Informed IQ

The Case for Vertical AI Models

AI researchers from Google, Berkeley, and other universities recently engineered what they described as...

Next-Level Accuracy: The Impact of AI on OCR in Auto Loan Underwriting

Optical Character Recognition or OCR is a technology enabling computers to “read” text off...

Sponsored by:Alfa

Lending Without Stipulations: Empowering More Sub-prime Lenders to Enable Greater Credit Access

While everyone wants a faster, more digital loan application process, those with less money...

Blowing It Up

Why subprime auto lenders fail Over the years, many of my articles have dealt with...

Sponsored by:Alfa

Maximizing Holiday Profits: The Power of Targeted Marketing for Auto Dealers, OEMs and Lenders 

While inventories and incentives continue to rebound, overall demand for new vehicles has cooled...

Improving Access to Credit in the Automotive Industry

It’s no secret that higher interest rates and increased costs are putting a strain...

Sponsored by:NAF Association

Navigating the Evolution of Auto Finance

In recent years, the non-prime auto finance industry has experienced significant shifts and challenges,...

Ignite the Road Ahead

NAF's 28th Annual Conference Registration Opens Feb. 1

Sponsored by:Southern Capital Finance Group

Why Auto Financiers Must Address Vehicle Data Privacy Now

When was the last time that after repossessing a vehicle you took action to...

Understanding the Bill Payment Habits of Unbanked Americans

It’s hard to believe that in 2023, there are still millions of adults that...

Sponsored by: defi SOLUTIONS

New Research Reveals Age and Gender Differences in Vehicle Add-On Purchases

When consumers purchase cars at an auto dealer, they often buy supplemental products and...

Why Lenders and Dealers Using AI Aren’t as Worried about the News Surrounding Student Loans

The debt-limit deal struck by the White House and congressional Republicans says the pause...

Sponsored by:Allied Solutions

Success through Persistent Patience and Strategic Slowness

It’s the beginning of a new year. And our thoughts are on evaluating accomplishments...

Leading Through Change

Each month as CEO of a financial technology company, I host monthly “Your Voice”...