Revolutionizing Automotive Financing: Wolters Kluwer and Informed.IQ Unveil Groundbreaking AI Solution

Revolutionizing Automotive Financing: Wolters Kluwer and Informed.IQ Unveil Groundbreaking AI Solution

(IN BRIEF) Wolters Kluwer Compliance Solutions and Informed.IQ have teamed up to revolutionize automotive financing through a cutting-edge AI-driven automation solution. By digitizing processes and leveraging AI technology, this collaboration aims to streamline the vehicle lending lifecycle, providing a seamless and fully digital experience for buyers while ensuring compliance and efficiency for lenders.

(PRESS RELEASE) ALPHEN AAN DEN RIJN, Netherlands, 12-Mar-2024 — /EuropaWire/ — Wolters Kluwer N.V. (AMS: WKL), global provider of professional information, software solutions, and services in health, tax & accounting, ESG, finance, compliance, and legal, announces that Wolters Kluwer Compliance Solutions, a leading provider of regulatory compliance and risk management solutions, has entered into a strategic collaboration with Informed.IQ to introduce an advanced technology solution aimed at modernizing the automotive financing landscape. By leveraging digitized processes and artificial intelligence (AI), this innovative solution promises to revolutionize the vehicle lending lifecycle, providing a fully digital buyer experience.

“The vehicle lending industry today is a complex mix of intricate, diverse systems—and often manual processes—involving collecting and validating disparate data from various sources. As a result, the financing workflow suffers from inefficiencies in contract tracking, portfolio management, and data consistency,” remarked Vikram Savkar, Executive Vice President and General Manager of Wolters Kluwer Compliance Solutions. “Collaborating with Informed.IQ allows us to leverage the power of AI to help address the industry’s need for accelerated, automated vehicle loan operations without sacrificing compliance.”

Combining Wolters Kluwer’s renowned eVault technology with Informed.IQ’s AI copilot solution, the offering delivers comprehensive eAsset® lifecycle management capabilities and streamlined financing document validation. This collaboration aims to facilitate compliant and expedited capital market monetization, real-time onboarding, and enhanced finance and insurance experiences for consumers.

The Informed.IQ solution seamlessly integrates into lenders’ existing loan origination and processing workflows, providing flexibility across underwriting, funding, and portfolio management stages. By offering a holistic approach to funding and removing tedious integration work, the solution accelerates automated verifications and funding for lenders.

“The integration with Wolters Kluwer technology accelerates automated verifications and funding for lenders by removing tedious integration work and providing a holistic approach to funding,” noted Justin Wickett, Co-founder and CEO of Informed.IQ. “Top lenders continue to embrace AI and digital-focused strategies as a competitive advantage, and together we are proud to offer a new, market-leading solution with our technology.”

The collaboration between Wolters Kluwer Compliance Solutions and Informed.IQ represents a significant step towards modernizing automotive financing, ushering in an era of enhanced efficiency, compliance, and customer experience.

About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Media contact:

David Feider
Associate Director, External Communications
Financial & Corporate Compliance
david.feider@wolterskluwer.com
+1 (612) 852-7966

SOURCE: Wolters Kluwer N.V.