The defi TEAM 3rd party integrations, Announcement, General News, News

defi fights fraud with pointpredictive

We’ve got a new partner! And if you’re a defi LOS client—you do too.

PointPredictive is an innovative AI technology provider. Their goal? To make fraud a thing of the past. As a step toward that end, two of their products—Auto Fraud Manager and DealerTrace—are now available through the defi LOS platform.

PointPredictive’s solutions use advanced predictive algorithms that assess the entire loan application and recent activity from dealers. This lets you look for every type of fraud: identity, employment, income, collateral and dealer risk. No taking-over-everything is involved.

In customer evaluations, Auto Fraud Manager found more than 50% of fraud, first payment defaults and misrepresentation-related early payment defaults in the riskiest 7% – 10% of all applications (rank-ordered by the Auto Fraud Manager score). Wouldn’t you like to eliminate that much fraud for your business?

Tim Grace, CEO of PointPredictive, said this about the partnership: “Our research indicates that fraud and misrepresentation in the auto lending industry is a $6 billion annual problem—we are excited to be able to help all defi SOLUTIONS customers make a substantial dent in their portion of that number.”

Want the integration? Just let us know.

You can also hear Frank McKenna with PointPredictive speak at a defi SUMMIT 2018 session on Wednesday, September 19, from 4:25 – 5p, in Palmer 3.

This not-to-be-missed event is free for all defi CLIENTS and invited guests.

Sign up for defi SUMMIT 2018 today!

Find out more about PointPredictive

Read the complete release on Business Wire

Getting Started

defi SOLUTIONS offers lenders an end-to-end, total solution for the loan or lease lifecycle. Partnering with captives, banks, credit unions, and finance companies, defi’s market-leading solution helps lenders exceed borrower expectations. From digital engagement through the complete lending process, defi sets new standards for flexibility, configurability, and scalability in originations and servicing (by your experts or ours). If you’re curious about the possibilities of a complete end-to-end solution for your unique lending lifecycle, take the first step. Contact our team today or register for a demo.

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