It pre-qualifies 85% of customers in 16 seconds, regardless of their credit history
Artificial intelligence (AI) makes it possible for the Lucy Credit Decisioning Platform to learn from experience, adjust to new inputs from lenders & credit bureaus and perform human-like tasks.
Today, the platform's engine uses deep learning and natural language processing to learn from consumers’ applications and lender decisions. Originally, half of the platform's decisioning power came from industry experience provided by real F&I managers, over a period of 5 years. The other half, which has now risen to 80%, is based on learnings the platform does daily on thousands of processed lender applications. Such an approach also enables our team to do post-hoc analysis of its engine and determine the accuracy and precision of its algorithms.
The Lucy Credit Decisioning Platform is a fintech framework that enables dealers to dynamically match a borrower to various financial institutions’ credit parameters. This improves conversions and allows for risk mitigation for financial institutions to get more consumers financed.
The platform acts as a customer credit management tool that manages every aspect of the non-prime financing communications funnel for the acquisition and nurturing of clients.