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Home » Lender Westlake is using AI to make more auto loans

Lender Westlake is using AI to make more auto loans

About 14,000 dealers will have access to the AI model

Bloomberg NewsbyBloomberg News
September 7, 2023
in Technology
Reading Time: 2 mins read
0
a customer walks through a Carmax dealership

(Photo by Brandon Bell/Getty Images)

Westlake Financial is working with Pagaya Technologies Ltd. to make auto loans using artificial intelligence, targeting a void left by some lenders that have been pulling back from the business. In addition to AI, Westlake will leverage Pagaya’s relationships with asset managers and other partners to finance the loans, which helps it avoid weighing down […]

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Tags: artificial intelligencePagayaPremiumWestlake Financial Services
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