Wednesday, December 25, 2024

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From Rates to Refunds: Tips to Accommodate a Subprime Refinancing Bump in 2025

As we approach 2025, the subprime lending landscape is poised for a significant shift, driven by the Federal Reserve's interest rate reductions in the...

Cyber Threats will Persist until Sub-prime Lenders and Dealers Prioritize Secure Digital Transport of Data

In the wake of recent cyber-attack threats and ransomware events, data privacy concerns have never been more top-of-mind for subprime lenders, auto retailers and...

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...
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