LOANBRIDGE.AI & AUTOSQUARED.AI JOIN FORCES TO REVOLUTIONIZE AUTO FINANCE
Phoenix, AZ – March 25, 2024 – Loanbridge.AI and AutoSquared.AI, two top innovators in auto finance, are partnering to change how loans are managed, risks are assessed, and assets are recovered. Loanbridge.AI brings real-time data on impounded vehicles, while AutoSquared.AI uses smart automation to simplify vehicle release or repossession. This partnership is critical, with loan delinquencies rising and lending rates expected to increase in 2024/25.
For Loanbridge.AI, partnering up with AutoSquared.AI was a no-brainer. Their state-of-the-art AI middleware helps to cover all integration and automation needs that their customers are looking for with a turnkey solution. Loanbridge.AI’s real-time data on the impound process complements AutoSquared.AI’s cutting-edge AI solutions.
Together, they've shortened the vehicle repossession process to just three hours using instant tow alerts and improved procedures. Their collaboration also helps manage loans better and cuts down on the average impound fees of $1,200 per vehicle.
AutoSquared.AI’s automation reduces manual work, making the recovery of vehicles more efficient and cost-effective. This gives clients lower operating costs and a stronger position in the competitive auto finance market. They're offering a free trial to demonstrate how their solution works, requiring only the vehicle's identification number to get started.
This joint effort between Loanbridge.AI and AutoSquared.AI uses technology and data to set new standards for managing loans, handling risks, and recovering assets in auto finance. They're not just tackling today's challenges but also preparing for future advancements in the industry.
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 and equipping lenders with the tools for efficient, data-driven operations. For more information, visit Loanbridge.AI.
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 AutoSquared.AI.
Media Contact:
Alex Wilhelm, Founder of Loanbridge.AI
Phone: 312-709-0101
Email: alex@loanbridge.ai