AutoSquared.AI & LoanBridge.AI Join Forces to Revolutionize Auto Loan Loss Mitigation
Phoenix, AZ – April 12, 2024 – In an exciting leap forward for auto finance, AutoSquared.AI and Loanbridge.AI are joining forces in a strategic partnership that’s set to redefine loss mitigation. With Loanbridge.AI delivering critical impound data in near-real-time, and AutoSquared.AI leveraging sophisticated cognitive automation, this dynamic duo is turning the tables on traditional post-impound processes, making vehicle release or repossession faster and more efficient. This partnership is timely, as loan delinquencies rise and prime lending rates are expected to increase in 2024/25, enhancing operational efficiency and risk management during a period of tightening credit.
In collaboration with one another, AutoSquared.AI and Loanbridge.AI have drastically reduced the repossession process, setting new industry standards for speed thanks to near-real-time tow alerts and enhanced procedures. Together, they’re also redefining risk management by utilizing recovery data to reassess loan portfolios and slicing through impound fees.
AutoSquared.AI’s use of cognitive automation is a game-changer, drastically reducing manual labor, making vehicle recovery faster, scalable and more cost-effective. This provides clients with an unparalleled edge, driving down operational costs and boosting efficiency.
To showcase the effectiveness of their partnership, AutoSquared.AI is offering a free trial to demonstrate how their solution works, requiring only the vehicle’s identification number (VIN) to get started.
Through this offer, clients can experience the impact of AutoSquared.AI’s solutions firsthand, and marvel at the simplicity and quickness it provides. This collaboration marks a pivotal moment in the auto finance industry, showcasing synergy between technology and data analytics that’s set to establish new industry standards. By marrying near-real-time data with cutting-edge cognitive automation, AutoSquared.AI and Loanbridge.AI are not just tackling today’s challenges—they’re paving the way for tomorrow’s innovations.
About AutoSquared.AI:
AutoSquared.AI is a leading provider of solutions dedicated to enhancing operational excellence and financial optimization in the auto finance sector. Their commitment to innovation and customer satisfaction has earned them recognition as industry leaders. For more information, visit https://autosquared.ai.
About Loanbridge.AI:
Loanbridge.AI offers real-time data analytics for the auto finance industry, specializing in impound information to enable quick decision-making. Their technology provides instant alerts on impounded vehicles, helping reduce costs and recovery times, equipping lenders with the tools for efficient, data-driven operations. For more information, visit https://loanbridge.ai .
Media Contact:
Bahador Rahimi, EVP & Founder of AutoSquared.AI
Phone: (949) 351-9683
Email: bahador@autosquared.ai
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