Wolters Kluwer Compliance Solutions to present “Disrupting the Status Quo” auto finance webinar

Wolters Kluwer Compliance Solutions will present a webinar, “Disrupting the Status Quo: Learn How AI and Machine Learning are Creating Unprecedented Efficiencies in Auto Finance,” to help auto finance professionals explore the benefits that artificial intelligence and machine learning are bringing to digital-based transactions, from 2-2:40 pm ET on Thursday, Nov. 17.

Hosted by the American Financial Services Association (AFSA), the auto financing webinar features presenter Kristen Girard, Associate Director of Technology Product Management, Wolters Kluwer. She will share her thoughts and perspectives on how automotive finance is gaining efficiencies through the use of AI and machine learning technologies. Girard will also discuss how artificial intelligence and machine learning are helping auto finance professionals make the leap from cumbersome paper processes to digitally transformed, fully automated, compliant ways of doing business.

“Digital data quality is not a given in today’s auto financing environment, even for those companies that use digital processes to conduct transactions,” says Girard. “However, the industry is discovering how AI-enabled machine learning models can pull highly accurate, verified data directly from actual paper and electronic loan documents to enable straight-through processing of loan requests. This kind of capability results in a win-win scenario for buyers, sellers and banks and is being increasingly adopted as part of an industry transformation in moving from paper to digital transactions.”

AFSA hosts a variety of webinars throughout the year, including its Business Partner series, to educate members on some of the most pressing issues that face the financial services industry, allowing industry experts to share timely, educational topics directly with AFSA members.

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes.