Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Inovatec Selects AI Provider Point Predictive to Reduce Fraud and Create Efficiencies for Auto Lenders

Leading developer of cloud-based automotive lending solutions adds new enriched data sources to its LOS, reducing risks

BURNABY, BC / ACCESSWIRE / March 30, 2022 / Inovatec Systems, a major provider of industry-leading, cloud-based software solutions for automotive lending institutions, announced it has joined forces with San Diego's Point Predictive, a provider of high-performance artificial intelligence (AI) solutions for the lending industry. The two companies have forged a strategic partnership, leveraging Point Predictive's comprehensive, consortium-based credit data as part of Inovatec's versatile loan origination platform, to reduce risks and increase efficiencies for automotive lenders.

Inovatec's agile, cloud-based solutions allow financial institutions to speed both the underwriting and long-term management of loans through intelligent automation that can be customized to their needs. The company's loan origination and loan management systems are highly customizable and flexible, allowing lenders to change workflows and create new business processes as needed. This technology, integrated directly with Point Predictive's AI-powered data enrichment software, enables lenders to utilize better datasets and implement more accurate risk prediction to improve the quality and speed of the loan approval process.

"Point Predictive shares our philosophy that innovative technology is the best path to helping lenders securely and seamlessly address the requirements of a rapidly evolving market," said Vlad Kovacevic, Inovatec's co-founder and chief executive officer. "Point Predictive's sophisticated, data-based fraud and risk scoring solutions-combined with Inovatec's proven LOS offering-will give our customers stronger operational efficiencies, faster decisioning, and greater profitability, all with reduced risk factors."

The collaboration will build on Inovatec's history of providing customers with best-in-class service and maximum flexibility. Both companies are confident that Point Predictive's artificial intelligence-based solutions and automation will help Inovatec customers attain high levels of efficiency and fraud-loss reduction.

"Inovatec has built a substantial business in North America, and currently has a 50 percent share of the Canadian auto lending market," said Tim Grace, chief executive officer of Point Predictive. "Inovatec's lenders can now leverage the power of Point Predictive's growing consortium of enriched credit data, which can help reduce the risk of fraud while realizing the effectiveness of integrated automation. We are an ideal partner to help further Inovatec's plans to enhance its services and expand in the United States."

For information on Inovatec's integrated loan origination system, loan management system, and customer portal solution, visit www.inovatec.com.

About Inovatec

Inovatec Systems Corporation's proven cloud-based loan origination and loan management solutions improve business outcomes for automotive, power sports equipment, and other lenders across North America, Europe, and additional markets. Inovatec's uniquely flexible platform empowers lenders to satisfy fast-changing customer requirements, increase revenue, reduce operating costs, and improve customer experiences-all through an intuitive, easy-to-configure and manage interface. For more information, please visit www.inovatec.com.

PR Contact:

Suzanne Mattaboni
Parallel Communications Group, Inc.
610-737-2140
smattaboni@parallelpr.com

SOURCE: Inovatec Systems



View source version on accesswire.com:
https://www.accesswire.com/695316/Inovatec-Selects-AI-Provider-Point-Predictive-to-Reduce-Fraud-and-Create-Efficiencies-for-Auto-Lenders

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.