VERNON,
Conn., April 16, 2024 /PRNewswire/ -- Automatic,
a forward-thinking fintech company facilitating connections
between automotive lenders and independent, pre-owned vehicle
dealerships, integrates fully with Karus. Karus, a leading data
analytics company focusing on consumer auto finance, offers
AI-powered risk-based pricing, cash flow forecasting, predictive
modeling, and portfolio & risk management tools for financial
institutions. This partnership aims to empower lenders in the
indirect auto ecosystem by facilitating seamless aggregation of
loans from Automatic's growing independent dealer network.
Automatic's fintech marketplace is fully
integrated with Karus, a leading AI-powered tool for financial
institutions.
Automatic's LOS offers lenders an unprecedented opportunity to
view only pre-qualified loans based on their specific loan
criteria. The integration of Karus' AI-powered suite of lending
tools & technology provides additional safeguards for lenders,
enhancing efficiencies and risk analysis capabilities in a
cost-effective manner.
"Since day one, we've been consistently impressed by Eric and
the Automatic team's innovative solutions, which significantly
improve operational efficiencies and benefits for dealers and
lenders alike," remarked Aaron
Travis, CEO at Karus. "At Karus, we're honored to
enhance these ambitions and empower even smarter lending decisions
through our advanced AI technology. It's a privilege to be part of
this transformative journey."
"Partnering with the tremendous data and analytics of Karus,
Automatic is providing a product that further meets the needs of
lenders looking for real time loan analysis," said Eric Burney, CEO at Automatic. "Our "Open
Marketplace" prioritizes fintech innovation and partnering with
Karus delivers on that mission."
Lenders can easily access Karus' product and capabilities within
their Automatic account. This integration empowers financial
institutions to operate more profitably and gain clarity with their
data, tailoring bespoke lending approaches to their needs.
About Automatic
Automatic is a comprehensive platform for pre-owned auto
financing and backend products, serving as a cost-effective
solution for pre-owned auto dealerships. It fosters an open
marketplace for independent dealerships, lenders, and
stakeholders.
For additional details, visit https://www.automaticusa.com.
About Karus
Karus focuses on consumer auto finance, assisting lenders in
identifying and enhancing areas of underperformance while
leveraging their strengths. Through AI-powered risk-based pricing,
cash flow forecasting, and predictive modeling, Karus optimizes
consumer auto lending operations & performance.
For additional details, visit https://karus.ai/.
General Inquiries:
For Karus:
Brian Neibaur, VP
of Sales: brian@karus.ai
For Automatic:
Nikki D'Amour, AVP of Lender Ops:
nikki@automaticusa.com
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SOURCE Automatic