On Monday, Consumer Portfolio Services recapped the success stemming from its decision to partner with SentiLink, a provider of advanced identity verification and fraud detection solutions.

The subprime auto finance company said the partnership enabled CPS to improve its fraud prevention efforts while also saving the company approximately $1 million per quarter so far.

SentiLink’s AI-driven technology can analyze key identity and fraud indicators to generate actionable reports for CPS, helping the company book paper with “legitimate, verified borrowers.”

Company leadership said this improvement in fraud detection directly supports CPS’s goal of significantly reducing lifetime portfolio losses, ultimately reinforcing financial performance.

“Fraud prevention is an increasingly vital component of our risk management strategy,” CPS vice president of risk management Robert DeJarnette said in a news release. “With the rise in fraud attempts across the subprime auto sector, SentiLink’s technology will continue to be instrumental in helping us detect fraudulent activity early and reduce exposure within our portfolio.”

CPS chief operating officer Mike Lavin added: “SentiLink’s fraud detection capabilities have already helped us lower our fraud exposure by over $1 million each quarter so far. As we continue to optimize our technology, we expect to further reduce risks for our lending partners while supporting our continued growth in the subprime lending market.”