Saturday, July 13, 2024
HomeTechnology

Technology

Subprime Lenders Must Share Data and Leverage Fintechs to Fight New AI Fraud Risks

Last month, the Department of the Treasury issued a troubling report warning banks they are at-risk of emerging AI fraud threats. The culprit is...

How Sub-prime Auto Lenders Can Have Success Digitizing their Securitized Collateral Assets

In the ever-evolving landscape of financial markets, the auto securitization sector stands at the intersection of technological innovation and traditional finance. One of the...

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...

How AI Technology Helps Auto Dealers and Lenders Reduce Bias in Auto Loans

Bias in auto lending occurs when an automotive dealer and lender make decisions related to a loan and denies credit or imposes “non-standard” terms...

What’s Needed to Truly Establish a Digital Presence for Auto Dealers, Lenders and OEMs

The auto industry has been laser-focused on digitizing the retail shopping experience for several years, especially since the pandemic in 2020. However, the right...

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...

Why Digital Retailing is Increasing Fraud, and What You can do About It

No doubt, digital retailing is here to stay in automotive, and it is growing like wildfire. However, while most of the world thinks the...

Fin-tech – It’s Just Another Fad

According to the Internet, Fin-tech, aka financial technology, is the technology and innovation that aims to compete with traditional financial methods in the delivery...
Verified by MonsterInsights