OttoMoto and Algebrik recently announced partnership to leverage the collective capabilities of their platforms fueled by artificial intelligence and other technologies and designed to help finance companies and dealerships.

The partnership is geared so dealers and lenders can leverage real-time data analytics to reduce friction, accelerate loan approvals, and improve overall performance.

The companies said consumers also can benefit from a smooth, transparent process with optimized outcomes, while lenders gain confidence in the security and precision of every transaction and overcome high abandonment rates and manual inefficiencies, enabling seamless digital loan delivery and enhancing customer satisfaction.

“Our collaboration with Algebrik marks a significant milestone in the evolution of embedded lending,” OttoMoto CEO Paul Nicholas said in a news release. “By integrating Algebrik’s  inclusive AI-first, cloud-native platform with OttoMoto’s comprehensive fraud prevention, real-time asset verification, and compliance-driven workflows, this partnership delivers a seamless, intelligent, and secure lending experience for borrowers.”

Algebrik AI founder and CEO Pankaj Jain added, “We are very excited about our partnership with OttoMoto as it furthers our mission to transform the loan origination process enabling a faster, more accurate, and personalized lending experience to better serve the fast-evolving needs of borrowers.”

For more information, visit www.ottomoto.net or www.algebrik.ai.