Remove solutions risk-and-compliance
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How to Streamline Auto Loan Origination with Intelligent Document Processing (IDP)

Lightico

Lenders are taking a more cautious approach and tightening their lending criteria to mitigate risks associated with lending to today’s financially stressed borrowers. This often result in inefficiencies, delays, and increased risk of errors and non-compliance. of processing loan applications. This is where IDP steps in.

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The UK Car Finance Mis-selling Scandal & How IDP Can Help

Lightico

Costs and Consequences for Banks: A Breakdown of Potential Risks The investigation poses several potential risks for banks involved in car finance: Compensation Costs: The FCA estimates that the industry could face compensation costs ranging from £6 billion to £16 billion.

Finance 52
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The Impact of Cybersecurity Measures on Customer Trust: 4 Key Considerations

SurveySensum

Reduced risk of data breaches Implementing substantial cybersecurity estimates greatly diminishes the likelihood of data breaches, averting potential financial losses and conserving the reputation of businesses. In the current age of the cybersecurity world, revenue in the Cybersecurity market is projected to reach US$183.10bn in 2024.

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Intelligent Document Processing: Fueling Efficiency and Growth

Lightico

This saves time and reduces the risk of errors when entering data manually. IDP vs. Traditional Document Processing Automation (DPA): Traditional Document Process Automation (DPA) solutions primarily focus on automating repetitive tasks like data entry. This is where Intelligent Document Processing (IDP) comes in.

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Conquering Uncertainty: How Intelligent Document Processing (IDP) Empowers Your Credit Analysts

Lightico

Their expertise allows them to differentiate between genuine discrepancies and potential red flags, ensuring a more holistic approach to risk assessment. IDP eliminates this risk factor by extracting data with exceptional accuracy using advanced algorithms and AI. leap (YoY) in new-vehicle sales between March 2023 and March 2024.

Finance 75
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Embracing the future: How financial services contact centres can excel under the new Consumer Duty  

Logicalware

To understand the consequences of non-compliance, we can look to recent regulatory changes for lessons in how the FCA will deal with breaches of the Consumer Duty. The financial landscape is evolving, and with it, the expectations on financial services to deliver not just products, but value, understanding, and care to their clients.

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The Intersection of Generative AI and Big Data: A Turning Point for Financial Services

Execs In The Know

With the advent of generative AI-powered solutions, financial institutions can create a feedback loop between customer data and interactions, allowing organizations to anticipate customer needs, tailor recommendations, and resolve inquiries in real time. But how can FIs capitalize on this opportunity?

AI 111