machine learning

AI Trends Shaping Auto Finance: The Fine-Tuning Tradeoff and Document AI

The auto finance industry is rapidly evolving, driven by artificial intelligence (AI) and machine learning (ML). As lenders integrate AI into fraud detection, loan decisioning, and automation, they face a critical tradeoff—how to fine-tune models for accuracy while maintaining adaptability and compliance. At Informed.IQ, we understand that AI adoption isn’t just about having the latest […]

AI in Auto Refinance

As auto refinancing continues to increase, the use of Artificial Intelligence (AI) and Machine Learning is transforming the way lenders verify income and process refinancing applications. This technology significantly streamlines the application process, reducing the time and effort for both borrowers and lenders. And in light of expectations that interest rates will fall next year,

Architecting AI for Documents: A Deep Dive into LayoutLM

Informed’s document intelligence and lending solutions help lenders board more loans faster, with less risk and fraud. Tools like real time income calculation, fraud detection and document verifications enable lenders to increase their application volume and drive more revenue. Our engineers work hard on building this robust and unbiased vertical document AI solution.

Justin Wickett, CEO of InformedIQ Explains How AI and Machine Learning Are Transforming the Way Auto Lenders Use OCR Tech

FinBe USA Partners with Informed.IQ To Streamline Originations Process Using AI & Machine Learning

San Francisco, CA; February 6, 2024 – Informed.IQ, provider of AI-based software that verifies, streamlines, and optimizes loan processing, enables FinBe USA (formerly Credito Real USA Finance) to digitally collect documents and verify financing policies, creating a better dealer and consumer experience. Through accurate consumer income calculations and validation of applicant data, loans are processed faster.

OCR is the past, AI is the future

OCR has a long way to go, especially in the auto industry where forms change constantly and new document types are added regularly. However, by combining state-of-the-art OCR technology with applied intelligence "learned" from a purpose-built large language model (LLM) and subject matter experts, solutions like Informed intelligently "read" the document, turning it into actionable insights.

Student Loan Refinancing

Solutions Student Loan Refinancing With the end of the student loan payment pause, many of the nearly 43 million Americans with student loan debt will consider refinancing those loans. Informed speeds up current loan statement and income verifications using Artificial Intelligence (AI) and Machine Learning. Getting approved for refinancing requires that applicants satisfy several criteria.

Leveraging Clustering for Document Layout Analysis in Machine Learning Projects

Image by Matthew Henry Informed uses machine learning and AI to help lenders streamline their lending process, lower the cost of credit, and ensure that applications are fairly evaluated. And, we do this while making loans more accessible. The underpinning technology includes a wide array of AI models. In particular, deep learning models trained on diverse datasets.

AI Revolutionizes Efficiency and Decision-Making in Auto Finance

Artificial Intelligence (AI) is a groundbreaking technology, revolutionizing the landscapes of automotive and consumer finance. Through its subset, Machine Learning (ML), AI uncovers valuable insights, automates processes, and reduces operational costs. The ongoing evolution of AI sees financial institutions harnessing the power of data from across the industry, and its impact will extend significantly in the coming years.

Justin Wickett on the ON with Origence Podcast

Season 1 Episode 4 – How AI Helps Credit Unions in Today’s Changing Market. Justin Wickett, CEO and co-founder of Informed.IQ met with host Frank Diekmann for a special Origence podcast recorded at Lending Tech Live ‘23. Justin shared insights on how automation, machine learning, and cutting-edge AI help credit unions become more efficient in their operations.