This is the second post in our series about improving the auto lending customer experience. The premise of the series is that financing a new car shouldn’t be and doesn’t have to be painful. If you need a refresher, episode one is here. “Income Verification” or “proof of income” is a common step for lenders …
Episode 2: Making Auto Lending Better One Deal at a Time Read More »
Many Americans are overwhelmed by the car buying process, especially if financing. According to Experian’s “State of the Automotive Finance Market Q1 2022,” average loan amounts increased YoY from 4.61% last year to 11.74% bringing them up to an average of $4,155 in 2022. Still, it shouldn’t be complicated: A consumer walks into a dealership …
Making the Auto Lending Process Better One Deal at a Time Read More »
Optical Character Recognition or OCR is a technology enabling computers to “read” text off of documents. It is usually priced per page and can be riddled with mistakes. The lack of accuracy makes it of little practical value for organizations looking for a clear picture of the data in the documents. In order to get …
OCR … OC WHAT? What is Optical Character Recognition? Read More »
The Informed Team is just back from a productive Fintech Nexus USA (formerly Lendit Fintech) where our CEO Justin Wickett was joined onstage by Mike Qin, Vice President, Business Analysis at Capital One for a conversation moderated by John Siracusa, Host and Producer of the “Bank On It” podcast. Here are some excerpts from their …
Lendit Fintech Session: The Use of AI in Full-Spectrum Lending Read More »
Fintech Nexus USA (formerly Lendit Fintech) is the leading event for innovation in financial services and we will be there both exhibiting and speaking. Taking place on May 25-26 in New York City, the event brings together the most innovative and disruptive financial services companies for 2 days of world-class content and face-to-face networking. Key …
Informed.IQ To Sponsor and Speak at Fintech Nexus USA Read More »
Artificial intelligence or AI has quickly become one of the most popular buzzwords in all of fintech. Companies constantly highlight their use of AI, but there are only a few that are using AI in a practical way. Informed.IQ is one of those companies. Informed.IQ unlocks the information trapped in loan applications and eliminates manual …
https://www.tnbankers.org/sm_files/FinTech/TBA_FintechSession13_%20Informed_and_%20Unifimoney.mp4
