Auto Lenders Use AI To Drive Safer Real-Time Disbursements

Real-Time Payments Tracker® - January 2021

Car buyers want instant access to auto loan disbursements, but there are risks to offering real-time speeds, says Raul Alvarez, director of accounting operations at auto financing provider Westlake Financial. In the Real-Time Payments Tracker, Alvarez explains how pre-transaction verification and AI-powered analysis can help lenders quickly vet and disburse loans in real time.

Inside the January Tracker
  • An interview with Raul Alvarez, director of accounting operations at Westlake Financial, on how the auto financing provider leveraged contingency planning and pre-transaction verification to securely disburse auto loans using the RTP® network
  • The latest real-time payments developments, including a new study highlighting Asia-Pacific banks’ efforts to prevent real-time payments fraud and Nacha’s announcement of its forthcoming Faster Payments Playbook for Corporates
  • A Deep Dive examining how P2P payment app providers can proactively thwart fraudsters aiming to take advantage of the transactions’ irrevocability

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    The Clearing House Real-Time Payments Tracker Series