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Tackling Car Loan Automation: Volume, Variety, and Velocity
Auto loans reached record high levels in 2019 as high-tech features and low interest boosted buyer interest. For vehicle loan processors, this creates both market opportunity and increased competition. If credit providers can’t keep pace with increasing complexity and evolving consumer expectations, it’s a hard road to revenue. To deliver market-leading lending, companies must tackle […]
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How FinTech Lenders Are Delivering COVID Stimulus Faster Than Banks
When President Joe Biden signed the $1.9 trillion American Rescue Plan Act relief package into law on March 11, 2021, millions of Americans looked forward to receiving a much-needed $1400 stimulus check from the government. Although many people would receive paper checks directly from the Internal Revenue Service (IRS), anyone who had previously filed their […]
Collaborating on Credit and Loan Applications with PrizmDoc Viewer
Whether your clients are working on processing a loan or gathering financial data for a consumer’s credit request, lending is a complex process that is only getting more complicated in this fast-paced digital era. Your application helps financial institutions address a variety of pain points, but is it solving the one that’s most pressing today? […]
Robotic Process Automation: Tackling High-Volume Document Processing with AI
Organizations that create, receive, store, and process thousands of documents a day often struggle to manage documents effectively on the way in, around, and out of the business. Robotic Process Automation (RPA) is often your team’s best resource to ensure your documents are made discoverable, searchable, secure, and high-quality. It delegates high-volume, predictable tasks to […]
Developing a Financial Software That Leads to Faster Approvals
There are a variety of factors that go into consumer approval for loans. Before a financial institution agrees to lend a person thousands of dollars, they want to make sure they’ll be able to pay it back. To do this, lenders must collaborate with different parties to get approval for the loan. The whole process […]