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 artificial intelligence (AI)-powered analysis...
Immediate disbursements are gaining favor in various industries and sectors. They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Such...
September 07, 2023
Westlake Financial has partnered with Pagaya Technologies to provide Westlake’s auto dealer partners access to Pagaya’s tech-enabled credit-decisioning product. Westlake Financial is an automotive FinTech company with nearly $24 billion in assets under management, while Pagaya is a global technology company specializing in artificial intelligence (AI) infrastructure for the financial ecosystem, the companies said in a Thursday (Sept. […]
