Lightico

FEBRUARY 4, 2025

Auto finance has long been a realm where speed, accuracy, and compliance collide with complexity. This article delves into what Agentic AI is, how AI Agents in Auto Finance operate, and how Intelligent Document Processing (IDP) serves as a cornerstone for this transformation.

Finance 52

Finance AI Compliance Machine Learning 52

Lightico

JANUARY 28, 2024

The world of Auto Finance is marked by a paradox – while the industry fuels the consumers auto dreams, the behind-the-scenes reality is often obscured by mountains of paperwork. At its core, IDP employs artificial intelligence, machine learning, and natural language processing to go beyond digitization, understanding the content of documents.

Finance 52

Finance AI Artificial Intelligence Data Entry 52

Lightico

FEBRUARY 11, 2024

In our last blog on the subject, we covered IDP for Auto Finance in general but here we are diving a little deeper into the application process, where we often find lenders employing teams of “stare and compare” analysts and underwriters. This is what sets Lightico IDP for Auto Finance apart. All with our pre-training.

Data Entry 98

Data Entry Compliance Finance Unstructured Data 98

Lightico

APRIL 4, 2024

Here’s where Intelligent Document Processing (IDP) for Auto Finance , elevates the role of the credit analyst, & emerges as a game-changing technology. Accuracy at Scale – Building a Foundation for Informed Decisions Human error is an inevitable part of manual processes and data entry.

Finance 75

Finance Artificial Intelligence Compliance Data Entry 75

Lightico

JULY 2, 2024

The auto finance industry in particular, with its high-volume sales, dealership networks, and a highly securable and movable asset, faces mounting challenges, ranging from stringent compliance requirements enforced by the CFPB to the complexities of loan servicing, strict documentation, and vehicle repossession processes.

Compliance 52

Compliance Finance Data Entry Legal 52

Lightico

APRIL 18, 2024

Data needs to be processed quickly and accurately, especially when it is ingested by paper or digital documents. IDP is a technology that uses artificial intelligence and machine learning to automate the extraction of data from documents. It helps them focus on important tasks and make better decisions with accurate data.

Data Entry 52

Data Entry Invoicing Machine Learning ML 52

Lightico

JUNE 6, 2024

Organizations, whether its banks, auto finance, or insurance, face an overwhelming influx of documents as part of their normal customer facing operations. Think data entry, form filling, and basic calculations—tasks that follow a clear set of instructions. Reduced Errors : Minimizes human error by eliminating manual data entry.

AI 52

AI Unstructured Data Machine Learning Compliance 52