Almost overnight, it seems artificial intelligence is revolutionizing industries worldwide, and its impact on automotive is no exception. With the help of AI, automotive finance and lease businesses are already streamlining processes, improving customer experience, and detecting fraud. For lenders, AI offers a more efficient underwriting approval process.
For borrowers, AI-powered platforms make it easier to compare and choose financing options, turbo-charging their experience. Are you all-in with AI yet?
Efficiency is key
For all parties, AI’s enhanced efficiency is key. It automates routine tasks, which saves time and reduces errors, which leads to cost savings for businesses and quicker, more accurate results for customers. AI can also help businesses make better data-driven decisions, such as predicting customer demand and identifying high-risk customers, and…
