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Why Chatbots Might Be Failing for Subprime Lenders
As we head into the last few months of 2024, adoption of artificial intelligence (AI) technologies like chatbots has become increasingly significant. Subprime lenders...
Modernizing Document and Income Verification in Auto Leasing with AI
Vehicle leasing has returned to a spirited level of activity on dealer lots this year. However, leasing requires a close review of a car...
How Can Lenders Ensure SLA Accuracy, Automation and Compliance in Today’s Digital Era?
Recent advancements in AI automation are changing lenders’ expectations of vendor performance. Traditional enterprise software deployments require service level agreements (SLAs) that focus on...
Smart Loans: How Artificial Intelligence is Reshaping Applicant Verifications for Subprime Lenders
In an industry that has embraced technological evolutions, subprime lenders and their dealers are turning to Artificial Intelligence (AI) to enhance operations. One critical...
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...
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...
Training Dealers and Lenders to Leverage AI and Advanced Data to Better Sell Connected Vehicles
New opportunities related to connectivity, advanced electronics, and computer technology are becoming increasingly important as vehicle technology advances. Auto dealers and lender partners are...
How Artificial Intelligence and Machine Learning are Being Used by Financial Lenders in 2023
Artificial Intelligence (AI) and Machine Learning (ML) technologies continue to expand in their applications, uses and benefits for lenders and financial institutions. Because of...
