Much has been written about the rise of machine learning and artificial intelligence and how it will impact the auto lending industry. While there has been a significant amount of hype, the promise of artificial intelligence is simply game changing. The most obvious application is
Auto dealers have heard the hype about how machine learning (“ML”) and artificial intelligence (“AI”) are going to transform their businesses. Typically, there are usually two binary outcomes that are discussed. On one hand, the promise of the future seems so bright. Instead of relying
We are inundated with discussion about how new technologies promise to change the way that we do business and live our lives. Yes, many of these proclamations offer rhetorical flourish and grand visions. That said, there are new technologies and startups that are using these
By 2020, experts estimate that 250 million connected cars will be on roads across the globe. With each vehicle equipped with more than 200 smart sensors, a deeply-connected infotainment system, and advanced cloud-based core informatics, the need for data management will be as crucial as maneuvering through
Cryptocurrency non-profit, the Fusion Foundation, and the Automotive eXchange Platform (AXP) are joining forces to bring the U.S. second-hand car market and its insurance and financing to a blockchain.
Though blockchain use is still in its infancy in the automotive industry, a handful of companies are pioneering its adoption, believing that the technology will radically transform the sector.
The car industry is going through a seismic shift as we change our relationship with the open road. Electric cars are here, full autonomy is on the way, ride sharing schemes could consign the very concept of ownership to history and we’re set to see
Aclaro, the leading provider of blockchain based open data platforms and solutions, has announced that it has launched a new Fintech Artificial Intelligence (AI) solution focused on the lending industry.