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Average Ratings 0 Ratings
Description
For many years, the Asset Based Lending (ABL) sector has voiced several concerns. Clients have been seeking a method to archive the AssetReader data, which would allow them to analyze simple trends, compare Borrowing Bases, and monitor concentration balances over time while enabling more precise confirmations through an optional module. The programmers expressed a desire to implement artificial intelligence (AI) to work with the data, while both developers and owners were eager to create innovative solutions that leverage this technology. With an impressive 33 years of combined experience in ABL, encompassing audit, operations, fraud investigations, and esteemed ABL training programs, the FinSoft team has developed a much-needed AI tool that the ABL industry has long awaited—providing easily accessible alerts regarding exceptions, anomalies, and unusual items. This innovative approach aims to enhance decision-making processes and ultimately improve overall efficiency within the sector.
Description
Informed is an advanced platform that leverages AI technology to streamline the verification and decision-making processes essential for consumer lending, focusing on automating the validation of critical factors such as income, assets, identity, and residence. By employing machine learning and document intelligence, it adeptly processes a wide variety of document types and consumer-permissioned data sources, enabling real-time extraction, classification, and verification of vital information for quicker and more dependable credit evaluations. This innovative solution eliminates the need for manual reviews by swiftly analyzing loan applications, spotting inconsistencies, and resolving stipulations within seconds, thus significantly accelerating the underwriting and funding timelines. Furthermore, Informed seamlessly integrates with current loan origination systems and application sources, empowering lenders to automate verification workflows while maintaining their existing infrastructure. This platform also customizes income calculations based on specific lending policies and cross-verifies applicant information from various data inputs, ensuring a thorough and efficient assessment process. Overall, Informed transforms the lending landscape by promoting accuracy and speed in credit decisions, ultimately benefiting both lenders and consumers alike.
API Access
Has API
API Access
Has API
Integrations
Descartes Sellercloud
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
FinSoft
Website
www.finsoft.net
Vendor Details
Company Name
Informed
Country
United States
Website
informediq.com
Product Features
Fraud Detection
Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval
Product Features
Fraud Detection
Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval