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 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...
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...
How Does an eVault Transform Dealer and Sub-prime Lender Digital Operations?
With the continued increase of e-commerce, in 2021 the number of digital consumers stood at 2.14 billion – this means approximately 27.6 percent of...
Don’t Fear the (Digital) Reaper: Tips for Getting Past Digital Lending Fears
Auto finance professionals are swimming in a sea of technological possibility. There are so many software providers out there that promise to bring digitization...
Digital Asset Technologies Can Help Subprime Auto Lenders Comply With Gramm-Leach-Bliley Act Updates
Lenders have until January 2023 to enact new risk assessments and procedures
The updates to the Gramm-Leach-Bliley Act data privacy rules that took effect at...
Rapid Pace of Auto Finance M&A Set to Continue into 2022
Key driver? Scaling to invest in technology
The rate of M&A activity in the auto space reached an unprecedented high in 2021, and economic indicators...
The Unintentional Lexicographer
I’m sure it’s happened to you as well. You start a new task and before you know it, what began as something simple and...
Digital Collection or Digital Debt Bullying
This article is the first part of a series on AI and collection
Consumer debt has increased significantly over the years especially after the pandemic,...