BLOGS
Insights into Modern Lending
The rise of big data is transforming how organizations plan, manage, and evaluate their businesses. Auto lending is no different. Data acquired through volumes of applications and generated throughout the
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Only a fraction of banks, credit unions, and fincos use the full power of auto lending analytics to their advantage. Legacy lending systems present a temporary roadblock to realizing the
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Advances in fintech bring ever-greater efficiency to the auto purchasing experience. Cloud, mobile, and the wealth of automotive information available via the internet have been disruptive. As a result, consumers
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Anyone with years of experience in lending knows paperwork has become voluminous as a result of new regulations. Paperwork is a deterrent to loan processing efficiency. When properly executed, paper
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Banks, credit unions, and fincos with auto lending operations can improve efficiency and reduce costs by replacing paper documents with digital documents. Legacy lending solutions designed and deployed in an
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The combination of cloud, wireless, and mobile technologies have created consumer expectations of convenient commerce. Business transactions that once could only be accomplished sitting at a desk with a computer
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Per Automotive News, 2018 vehicle sales, with few exceptions, continue to disappoint. There are many reasons for the sales plateau. The takeaway for lenders is that to effectively compete and
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An ever-increasing number of business transactions are conducted via mobile devices. Statistics from Cyber Monday 2018 indicate more than a third of transactions were done via mobile devices. Mobile reduces
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Modern lending solutions take advantage of the latest fintech capabilities to help you assess and effectively manage risk throughout the lending cycle. When speaking about auto loan risk assessment, we
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The headline of the Federal Reserve Bank of Kansas City’s Macro Bulletin summarizes the Q2 2018 auto loan delinquency statistics: Auto Loan Delinquency Rates Are Rising, but Mostly among Subprime
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Experian’s State of the Automotive Finance Market - A look at loans and leases in Q2 2018 provides an excellent, easy-to-digest snapshot of the current market. It acknowledges slowing market
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A comprehensive auto lending risk management strategy addresses every phase of the lending cycle from applications through servicing. Regular analysis of loan applications and portfolio performance with a focus on
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