SAN DIEGO, Calif., July 24, 2019 – PointPredictive is being recognized as a member of the inaugural ‘Emerging 8’ class of innovative companies delivering solutions to the automotive lending market at today’s Automotive Intelligence Summit. PointPredictive helps auto lenders combat their $7 billion annual fraud risk problem by enabling them to use machine learning technology to identify and predict patterns of fraud in loan applications, and spearheads the Auto Lending Fraud Consortium to foster industry-wide collaboration to identify evolving fraud trends.
“It is a privilege to be a trusted partner and work alongside the industry’s leading financial services organizations to help them avoid fraud risk exposure. As a result of our efforts, our solutions are now protecting more than 1.5 million new auto loan applications every month,” commented Tim Grace, CEO of PointPredictive. “We are proud of the positive effect we are having in the industry and honored to be recognized as one of the first Emerging 8.”
The Emerging 8 winners are chosen by the Automotive Intelligence Summit (AIS) and parent company Cherokee Media Group, in partnership with the members of the Auto Intel Council (AIC). The AIC includes the leading intelligence companies in the automotive space, along with their respective economists, analysts, researchers, data scientists, communications professionals and executives.
PointPredictive Industry-Leading Solutions
Synthetic ID Alert™ warns lenders of potential synthetic identity issues.
Auto Fraud Manager provides machine learning, full application scores and dealer scores based on the industry’s only consortium of application and dealer information.
Auto Fraud Alert provides more than 100 different alerts and red flag indicators. It uniquely compares and validates information that a lender receives on an application against more than three billion data attributes managed by PointPredictive, and also provides a transaction grid that shows key application information from that borrower’s other auto loan applications from the past year.
Income Validation Alert enables lenders to streamline their income assessment of borrowers.
For more information about PointPredictive solutions or the Auto Lending Fraud Consortium, contact PointPredictive at [email protected].
About PointPredictive Inc.
PointPredictive Inc. is a leading provider of fraud solutions to banks, lenders and finance companies. It solves the billion-dollar fraud problems of auto lending, mortgage lending and on-line retail fraud with the latest technology platforms, smarter science and business experience by leveraging big data with analytic models. Located in San Diego, Calif., more information about PointPredictive can be found at www.pointpredictive.com.