Informed.IQ hires former SCUSA executive to gain more auto business

SAN FRANCISCO – Informed.IQ, a technology company used by financial institutions to verify origination data and documents instantly and accurately, announced the addition of veteran automotive financing executive Jessica Gonzalez.

According to a news release, Gonzalez was most recently senior vice president of digital transformation at Santander Consumer USA and joined as Informed.IQ as director of auto.

Informed.IQ has become one of the fastest growing suppliers of automation software to the auto finance industry and now counts the majority of the country’s top auto providers as customers.

With more than 15 years’ experience in the financial services industry, including tenures at Santander Consumer USA and Visa, the company said Gonzalez will be responsible for expanding Informed.IQ’s automotive market share.

The company added Gonzalez will be instrumental in boosting productivity for auto finance companies through Informed.IQ’s proprietary machine learning and artificial intelligence technology.

“We cannot be more excited for Jessica to join our Informed.IQ team,” Informed.IQ chief executive officer Justin Wickett said in the news release. “As a seasoned professional in the automotive industry, Jessica understands the needs and pain points for auto lenders and dealers. Her most recent success while working on digital transformation for a respected auto lender makes her an ideal complement to our senior team of technologists.”

The company said it processes 100,000 applications every month and works with companies including Ally and Westlake Financial as well as large national retailers and dealership groups.

More recently, Informed.IQ has added unsecured personal lenders, student loan providers and mortgage lenders to its roster of customers.

Informed.IQ explained that its technology is designed to go beyond image recognition and confirmation of information within the document. The software can compare buyer data against a database of 25 million records, which can allow Informed.IQ to check many data points.

Some of this data can include comparing paystubs against a database of fraudulent templates, checking that the buyer’s income is comparable to others in their profession and geography as well as interpreting 401K withholdings or earned overtime, which are indications that the borrower will be a responsible lender.

The company said all of this analysis and more is done in a matter of seconds. In addition to providing real-time straight through processing capabilities, Informed.IQ can enable finance companies to comply with regulatory requirements and be audit-ready, since all processing is done in a “precise and uniform way” through the AI software.

“I believe Informed.IQ’s technology is answering what automotive finance has needed and been striving for over the past decade: An AI-driven solution to help minimize the amount of time and effort it takes for a car buyer to secure a loan,” Gonzalez said. “I’ve had the opportunity to meet with many companies in this space, and Informed.IQ brings the ability to truly transform the way auto finance does business.”

As Featured in American Banker