Reported 3 days ago
The motor finance sector is undergoing significant changes driven by automation and AI technologies, which streamline loan approvals and enhance personalized financing options for consumers. These innovations improve efficiency, reduce risks, and provide tailored solutions, making car ownership more accessible. Furthermore, AI is proving essential in managing compliance and identifying potential defaults, positioning itself as a critical tool in the evolving landscape of motor lending. As the industry adapts to these advancements, it has the potential to drive sustainable growth and build greater trust with consumers.
Source: YAHOO