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Description
Our solutions customize machine learning to fit the specific needs of your business. The rise of the digital marketplace has led to increased transparency and a wider array of options for consumers in the market for both new and used vehicles. As a result, auto lenders and financiers face mounting pressure to reduce their prices and accept greater risks to boost originations. To thrive in this fiercely competitive landscape, businesses involved in automotive finance must be agile in delivering attractive offers to consumers while ensuring profitability. Additionally, the emergence of online banking alternatives is shaking up the traditional banking sector, providing innovative financial products and services without the burden of costly physical branches. To remain relevant and competitive, banks must embrace digital transformation, manage emerging risks such as synthetic fraud, and seek to tap into the near-prime market segment. Only by adapting to these changes can financial institutions secure their position in the evolving marketplace.
Description
The RDC Platform enhances expert human expertise with advanced AI functionalities, equipping financial institutions with a distinct advantage in the lending sector. With an emphasis on ethical AI principles to maintain compliance, our tools enable lenders to visualize and comprehend the reasoning behind each AI-driven predictive model and decision-making strategy. By harnessing a combination of traditional, alternative, and latent data alongside cutting-edge AI methodologies, we facilitate precise predictions and optimal decision-making results. Recognizing the importance of safely integrating AI, we have developed a distinctive approach known as the Self-describing decision, which fosters confidence and transparency in achieving your safety objectives. This innovative concept encapsulates all components in a single data object, elucidating every aspect involved. It provides a thorough record of all model features, predictions, reference data, and rules activated during the decision-making process. With governance and explainability inherently incorporated, we ensure that these elements are consistently present, reinforcing the reliability of AI-driven decisions. This comprehensive strategy not only supports compliance but also builds trust in AI technologies within the financial sector.
API Access
Has API
API Access
Has API
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
Enova
Founded
2004
Country
United States
Website
enova.com
Vendor Details
Company Name
Rich Data Co
Founded
2016
Country
Australia
Website
www.richdataco.com