In this article, we discuss how AI startups aim to facilitate different processes within the auto-lending industry, looking to two well-funded startups as examples of what’s possible in the space:
Zest AI was founded in 2009 and has raised $217 million in funding. In 2017, they announced their ZAML platform, which combines predictive analytics and natural language processing capabilities. The company claims the ZAML platform can help lenders process loan applications and ascertain applicant risk.
Using the ZAML platform, lenders could:
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