Author Archives: Aclaro

Aclaró AI Announces Vehicle Center

MIAMI, Fla. /ScoopCloud/ -- Aclaró AI, an IoT company that creates modern solutions for automotive retailers, is extremely excited to announce a new product that can quickly locate vehicles for customers regardless of location. Vehicle Center, helps auto dealers and auto wholesalers better serve their customers, more efficiently search inventory, analyze slow moving inventory, and generate more sales.

With the current fulfillment challenges in the automotive sector facing retailers today, Vehicle Center helps your enterprise lower expenses while it generates more revenue. In other words, Vehicle Center is a win-win for your colleagues and customers.

Addressing Mission-Critical Needs for Auto Dealers

Vehicle Center is the latest in a line of tools that Aclaró AI offers to auto retailers around the world. Relying on its extensive experience in the auto industry and deep relationships with its users, the Aclaró AI team created a game-changing tool that makes life easier for small and large auto dealers and wholesalers alike. Whether you are looking for a major change to accelerate inventory turnover or simply want to better manage your vehicle inventory across multiple locations, Vehicle Center can create immense value for you.

Simply put, Vehicle Center lets you more easily monitor your vehicle inventory. This is true whether you have one location, multi-rooftop dealership group, or want to search trading partners' inventory across their locations. The software offers a comprehensive dashboard and seamless integration with more than 25,000 dealership websites and dealer content, including photos. Better yet, the dashboard offers hourly updates to all users, so you'll always have a clear and complete view of the inventory on your auto lot.

Through one easy tool, Vehicle Center offers all-devices access to all of your dealer locations. Vehicle Center is the only solution that gives users features like GPS inventory location, demo ride tracking, and movement history. The choice is yours and the Aclaró AI team makes it extremely easy to know exactly which vehicles are located on your property.

Along with this granular view of your business's inventory, Vehicle Center also connects you with your customers. For starters, Vehicle Center lets auto dealers easily capture leads with a comprehensive dealer-branded digital eBrochure. This eBrochure includes OEM build data for all brands, including new and pre-owned vehicles. Once you have settled on the eBrochure that you want to send to a particular prospect, Vehicle Center lets you seamlessly send it through email or text message. A copy is also sent to your salesperson, ensuring that they know exactly what the prospect is looking for while capturing the prospect contact information.

From the Vehicle Center dashboard, you can also export specific inventory data and send that data to a particular prospect. If your sales team is busy or the prospect visits your lot without advance notice, he or she can use a QR label to immediately access the eBrochure. No matter the situation or circumstance, you can put your prospect in a great position to make a purchase.

Creating Value For You and Your Customers

In the end, Vehicle Center can supercharge the course of your business. Not only does it streamline a dealer's ability to search for a specific vehicle in its inventory, but it serves as a bridge to directly connect to the customer. Instead of creating a piecemeal solution to keep track of your inventory while providing the best customer service, you can instead rely on Vehicle Center.

By using Vehicle Center, you will waste less time and create more value for your colleagues and customers. Whether you are trying to get a better handle on your vehicle inventory or want to make car buying better for your prospects or customers, Vehicle Center can help you achieve your goals.

Learn more about Vehicle Center powered by Aclaró AI: https://www.aclaro.ai/products/vehicle-center-powered-by-aclaro-ai/

About Aclaró AI:

Aclaró AI is a technology company that creates customer-centric software for auto dealerships and auto lenders. Through cutting-edge artificial intelligence technology, Aclaró AI customers can grow their sales, mitigate their loan risk, obtain a higher return on investment, and grow their bottom lines. Aclaró AI is especially focused on leveling the playing field for smaller auto dealerships, which may not have the same opportunities, resources, and financial backing as larger enterprises.

To learn more about how Aclaró AI can help your auto dealership or auto lending firm, please visit https://www.aclaro.ai/.

MULTIMEDIA:

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Aclaró AI, an IoT company that creates modern solutions for automotive retailers, is extremely excited to announce a new product that can quickly locate vehicles for customers regardless of location. Vehicle Center, helps auto dealers and auto wholesalers better serve their customers, more efficiently search inventory, analyze slow moving inventory, and generate more sales.

Related link: https://aclaro.io/

Aclaró AI’s Carzi Product Helps Increase Car Transactions Amidst COVID-19

MIAMI, Fla. /ScoopCloud/ -- Aclaró AI, the fast-growing startup that specializes in the science of personalized experiences, is helping drivers more easily purchase new vehicles through its new Carzi application. Amidst COVID-19, Carzi is an outstanding tool that help consumers get a granular look at a vehicle that interests them. With that data in hand, customers can obtain the confidence they need to make a purchase.

Encouraging Signs Amidst Economic Uncertainty

COVID-19 has been one of the most disruptive events in recent memory. Yet even among massive medical and financial uncertainty, new car sales have started to bounce back. According to a report from Auto Finance News, we are starting to see increases in new car transaction prices. Since the peak of the crisis in March, we are also starting to see automaker revenue increases for the first time.

The world economy certainly isn't back to pre-COVID levels, yet these numbers signal hope for automakers in these troubling times. Consumers throughout the world are more likely to invest in a new vehicle. That being said, these consumers are still being extremely cautious. They want to make sure that they are getting a high-quality vehicle at the most competitive prices.

Aclaró's New Carzi Product: Creating Substantial Value for Consumers

This is where Aclaró AI comes in. Aclaró AI's new Carzi product was specifically designed to help increase auto sales during these tumultuous times.

Consumers can think of Carzi as their knowledgeable guide to virtually any vehicle on the market today. To put it simply, Carzi provides a wealth of information to the consumer enabling them to check a wide range of facts about a specific vehicle.

For instance, to start, Carzi gives consumers an accurate value of a vehicle. In today's economic climate, most car buyers are being much more cautious. They want to ensure that they aren't overpaying for a vehicle even if they love it. Whether or not the customer decides to negotiate, this price a great starting point.

Along with accurate pricing data, Carzi lets consumers access a vehicle's entire service history. This is a huge benefit for consumers. Instead of jumping from dealer to dealer to retrieve the vehicle's history, Carzi users can obtain all of that data with one touch. Carzi is an essential tool to help buyers avoid vehicles with a poor service history. The complete service information can inform their decision to purchase and empower their negotiations with the seller.

These are just two ways that Carzi provides substantial value to consumers. Living in these trying times, consumers are seeking confidence and security. They want to make sure that they are getting the most value possible - especially when making such a large purchase.

Carzi is yet another Aclaró AI product for both dealerships and consumers. Regardless of market circumstances, Carzi will continue to help auto consumers make better and more informed decisions.

About Aclaró AI

Aclaró AI is a technology company that creates customer-centric software for auto dealerships and auto lenders. Through cutting-edge artificial intelligence technology, Aclaró AI's customers can grow their sales, mitigate their loan risk, obtain a higher return on investment, and grow their bottom lines. Aclaró AI is especially focused on leveling the playing field for smaller auto dealerships, as they often don't have the same opportunities, resources, or financial backing as larger enterprises.

To learn more about how Aclaró AI can help your auto dealership or auto lending firm, please visit https://aclaro.ai/. There, you will find a detailed description of Aclaró's technology and how the company provides value to numerous auto dealerships and auto lending firms.

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Aclaró AI, the fast-growing startup that specializes in the science of personalized experiences, is helping drivers more easily purchase new vehicles through its new Carzi application. Amidst COVID-19, Carzi is an outstanding tool that help consumers get a granular look at a vehicle that interests them.

Related link: https://aclaro.io/

Aclaró AI Announces Data Lake API That Directly Integrates Into the CDK Platform

MIAMI, Fla. /ScoopCloud/ -- Aclaró AI, the fast-growing startup that specializes in the science of personalized experiences, is announcing a new product, The Aclaró Data Lake, which integrates directly with auto dealers' CDK platforms.

Leveraging this Data Lake and CDK integration, developers from around the world can create valuable apps to enable auto dealers mitigate risk and capture new revenue opportunities. With all of this data at their fingertips, dealers and developers will now provide even more value to their customers.

Unlocking Additional Value from One of the Most Popular Dealer Management Systems

CDK is known to be one of the most popular and important vendors in the auto dealer community. According to some estimates, 8,000 dealerships run the CDK dealer management system ("DMS") platform. Small and large dealerships take advantage of real-time data and valuable tools to streamline and grow their businesses.

Using Aclaró's Data Lake interfaces ("APIs"), dealerships and developers can now accelerate new application development on the CDK platform. You can think of this new integration as similar to the Apple App Store. The Apple App Store has generated countless apps that have created immeasurable value for Apple users. The Aclaró Data Lake will do the same for CDK users.

In this context, developers will create apps that pull data directly from the CDK Data Lake. The process is seamless and intuitive, giving developers and dealerships the power of Big Data and Aclaró's AI Engines to develop new applications. They will develop fast-to-market solutions that give clients the services and solutions that they need. In less than four weeks, a two developer team created a full Customer Loyalty System that delivers fully One-to-One personalized offers and coupons to dealership customers.

Aclaró provides more than 80 APIs to manage the data lake of augmented DMS data. This includes everything from customers and pricing to inventory and service. Dealers and developers also get access to Aclaró's API engines, which let dealers access opportunities like setting variable pricing. Dealers can even include this engine in a web interaction, to capitalize on impulse purchases.

Benefiting Dealerships and Customers

This integration between CDK and Aclaró is a win-win for dealerships and customers alike. For starters, the new integration enables dealerships to leverage the power of artificial intelligence. CDK can implement APIs that can bring the very best third-party developers to dealerships' doorsteps. Dealerships can also overcome legal hurdles and subpar third-party vendors that compromise customer data. In other words, it helps enables dealerships to avoid those aggressive third-party suppliers who offer aggressive, limited, and subpar solutions.

Along with this, Aclaró's new product results in a better end experience for customers. They will see a custom and personalized experience, whether they are searching for a new car or are simply looking for routine auto service. The robust developer community will create applications that improve nearly every aspect of the customer experience.

Doing business in an increasingly competitive market, dealerships will use Aclaró's new product to help their businesses grow. It is a huge step forward for car dealerships, as it opens the doors to all kinds of exciting possibilities on the CDK platform. Whether dealers want to increase sales, develop better customer relationships, or better manage their schedules and workflows, Aclaró's new product can certainly get the job done. It provides a granular look at dealership operations, which can will allow for better planning and decision-making.

About Aclaró

Aclaró AI is a technology company that creates customer-centric software for auto dealerships and auto lenders. Through cutting-edge artificial intelligence technology, Aclaró customers can grow their sales, mitigate their loan risk, obtain a higher return on investment, and grow their bottom lines. Aclaró is especially focused on leveling the playing field for smaller auto dealerships, as they often don't have the same opportunities, resources, or financial backing as larger enterprises.

To learn more about how Aclaró can help your auto dealership or auto lending firm, feel free to visit Aclaró's website at https://aclaro.ai/. There, you will find a detailed description of Aclaró's technology and how the company provides value to auto dealerships and auto lending firms. Or click here to learn more: http://www.calendly.com/aclaro

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Aclaró AI, the fast-growing startup that specializes in the science of personalized experiences, is announcing a new product, The Aclaró Data Lake, which integrates directly with auto dealers' CDK platforms.

Related link: https://aclaro.io/

Aclaró AI: Helping You Manage Risk in Uncertain Times by Lowering Our Risk Management AI Price to $999/month

CHICAGO, Ill. /ScoopCloud/ -- The rise of COVID-19 is one of the most disruptive forces in recent memory, note Aclaró. Regardless of where you live, the coronavirus is changing nearly every element of modern-day life, whether that is social distancing, the omission of handshakes, and even the purchase of bulk goods for a sustained quarantine.

The coronavirus is also affecting nearly every sector or industry-including the automotive lending industry. Whether you work in the finance department of a car dealership or at an auto lending firm, this Black Swan event may be causing immense stress on your business. We are now living in a world where possible potential risks have become all-too-real risks. Borrowers may find it difficult to pay back their auto loans. Increase in payment default is all but certain. All of us at Aclaró AI are ready to help you manage these new risks.

Regardless of the size of your auto lending business, our sophisticated artificial intelligence ("AI") systems can help your finance team remotely mitigate risk and safeguard your auto loan portfolio. The near-term future is so uncertain, we want to do our part to help your business come out of this crisis with as little damage as possible.

Mitigating Risk Through Near-Term Uncertainty

Aclaró AI's overarching mission is to help our clients leverage AI to grow their dealerships and sales. Our team has worked hard to develop extremely advanced AI algorithms to assess portfolio risk and stay ahead of the unknown.

For instance, our TrueView product lets clients get a granular look at potential loan defaults. It lets you easily manage your entire loan portfolio, whether you want to identify some of your riskiest loans, safest loans, or both. Within the TrueView dashboard, you can quickly see metrics like insurance coverage, credit terms, vehicle data, employment information, and more. With the continuing spread of the coronavirus, TrueView can deliver some much-needed peace of mind, as it can deliver clients with upwards of 97% precision on the likelihood of full loan payment or default. TrueView provides default alerts months ahead of the default event. As it has been tested in over two million real-time loan risk evaluations in the past 18 months, TrueView can go a long way in mitigating your overall risk.

TrueView is just one of our products that can help you navigate these uncertain times. Some of our other products include Nexus Score and Nano Profile (which let you access granular information about a prospect's financial health) and EngageMe (which is a consumer engagement app that identifies a borrower's propensity to buy). Using all of these products together, you and your team can capitalize on data to minimize defaults and underwrite loans that are likely to be paid off.

When designing all of Aclaró AI's products, we were laser-focused on making the experience as seamless as possible. Our software lets you access real-time data wherever you are. We like to think of TrueView as a real-life risk management expert that is available anytime and anywhere. We can deliver personalized insights on your auto loan portfolio in real time and offer ideas on how you can minimize risk in the next few months. Even better, our services are not affected by things like quarantines, employee absences, or travel bans. We are always available and can be a trusted asset as your company navigates these near-unprecedented times.

If you are not yet an Aclaró AI client, we invite you to learn more about our platform by clicking here - http://aclaro-4642182.hs-sites.com/aclaro-loan-risk-repayment-insider-look_1-0

To help you manage your risk in these trying times, we have reduced the cost of our platform to start at $999 per month for portfolios of up to $25 million. Ultimately, we make it easy and highly cost-effective for you to leverage some of the most sophisticated AI technology to manage loan risk. Given the uncertain times we are living in becoming an Aclaró AI client is a smart investment.

Navigating Through the Fog

It is unclear when we will return to a sense of normalcy. Some say that we will be back to normal in just a few months while others project that the shakeout will take much longer.

However long it takes, the one thing we do know is that all businesses today must invest more time and resources into risk management. At Aclaró AI, we are laser-focused on helping our clients minimize their auto loan risk. We have developed a complete system that can identify risk and latent demand within your lending portfolio, allowing you to reduce financial damage from this global pandemic.

We invite you to reach out to us to learn more. We would be happy to answer any questions or concerns that you may have. Just click below to schedule a quick introduction call: https://calendly.com/carlos-galarce

Website: https://aclaro.io/

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The rise of COVID-19 is one of the most disruptive forces in recent memory, note Aclaró. Regardless of where you live, the coronavirus is changing nearly every element of modern-day life, whether that is social distancing, the omission of handshakes, and even the purchase of bulk goods for a sustained quarantine.

Related link: https://aclaro.io/

Aclaró A.I. Announces Artificial Intelligence Platforms: SAM Sales and SAM Service – Helping Dealers Increase Sales and Lower Marketing Costs

CHICAGO, Ill. /ScoopCloud/ -- Aclaró AI, the game-changing Fintech built on sophisticated artificial intelligence technology, recently announced SAM (Sales AI multiplier) Sales and SAM Service products for its dealers and retail partners. These new tools let Aclaró A.I. dealer clients better retain customers, increase service revenue, and maximize sales. These tools are yet another example of how Aclaró A.I. has removed many of the key frictions and obstacles of applying Artificial Intelligence within the retail industry.

"SAM Sales and SAM Service represent the next step in helping our clients maximize sales opportunities with buyers at a lower cost of acquisition," said Aclaró A.I. CEO Carlos Galarce. "We are tremendously excited that SAM Sales and SAM Service let our clients leverage the power of artificial intelligence to sell, retain, and increase satisfaction of their customers. The initial installs are focused on the CDK DMS with fully integrated DMS installations including Fortellis completed in under 48 hours. Dealers can expect positive ROI within 30 days of installation."

"We and 20 group partners have been tracking Aclaró A.I.'s products and disruptive technology progress and I am extremely impressed by their AI applications and the ease of use of their technology, including DMS data and workflow integration using their GCP2 platform which Pohanka has in place with other applications. Their ability to implement new AI Engines and their know-how of the DMS data models and how to co-exist with the dealer workflow make us incredibly confident that their product set will positively affect the bottom line of Pohanka and that of any dealer who installs the Aclaró A.I. suite of products and disruptive technology solutions. Being up and running in 48 hours and delivering ROI in under 30 days is proof of the technology," said Andrew Carrington, CTO of Pohanka Automotive Group.

SAM Sales and SAM Service: Increasing Dealership Profitability...That Much Easier

SAM Sales and SAM Service is part of Aclaró A.I.'s state-of-the-art Artificial Intelligence platform which enables its clients to quickly deploy sophisticated risk management strategies. In turn, Aclaró A.I. clients can mitigate their risk, close more deals, optimize revenue, and increase return on investment.

SAM works by providing advanced AI computing power trained in retail automotive. Sophisticated automation lets you drastically reduce time-consuming manual processes required to analyze and predict customer demand and the inventory necessary to fill such demand. Intelligent marketing and sales programs can be implemented in mere seconds, putting the power of "Know Your Customer" at the fingertips of your Sales workforce. SAM Service has AI engines built-in to predict Defectors and help create programs to reduce defection and convert back to happy Customers.

SAM Service also lets Aclaró A.I. clients obtain more information about each service customer, offering personalized and attractive products to customers waiting in the service area. Ultimately, SAM Sales and SAM Service help Aclaró A.I. clients be more profitable while achieving stellar customer service ranking and increasing service revenue/ROI.

NADA/ATD Conference

The Aclaró A.I. team will be at the upcoming National Automobile Dealers Association ("NADA") Show in Las Vegas. From February 14 through February 17, the NADA Show brings dealers, industry leaders, manufacturers, exhibitors, and other key players together to learn about the latest tools and industry trends. If you would like to learn more about Aclaró A.I. and how it is disrupting the retail ecosystem, feel free to visit their booth at 516 Westgate Hall at the NADA/ATD Show. More information: https://show.nada.org/

About Aclaró A.I.

Aclaró A.I. is a technology company that builds customer-centric software for franchised dealerships. Through cutting-edge artificial intelligence technology, Aclaró A.I. customers can grow their auto and service sales, mitigate their customer attrition risk, and obtain higher return on investment. Visit Aclaró AI's website for more information about how Aclaró A.I. can help your auto dealership too. Learn more: https://aclaro.ai/

Aclaró AI, the game-changing Fintech built on sophisticated artificial intelligence technology, recently announced SAM (Sales AI multiplier) Sales and SAM Service products for its dealers and retail partners. These new tools let Aclaró A.I. dealer clients better retain customers, increase service revenue, and maximize sales.

Related link: https://aclaro.io/

Why Low Balance Letters Are Not Working for Automotive Lenders

MIAMI, Fla. /ScoopCloud/ -- South Florida-based AI Fintech company Aclaro, whose mission is to deliver data transparency and personalized insights to its auto lending clients, has developed an innovative, technologically advanced method of increasing borrower retention rates. Instead of sending out thousands of low balance letters with the hope that customers will open these letters and follow up with the lender, Aclaro has made the process much simpler and easier.

Ultimately, with Aclaro, auto lenders can forego the low balance letter and leverage Aclaro's innovative software to increase their retention rates.

Inefficiencies in the Auto Lending Space

The auto lending industry-like many other industries-contains certain business practices that are strictly followed even though they aren't the most efficient or most profitable practices. Inertia takes over. The legendary Rear Admiral Grace Murray Hopper, a pioneer of computer programming used to say that the most dangerous phrase in the language is, "We've always done it this way."

One commonly-held practice in the auto lending industry can be seen by the vast number of subprime lenders who send these so-called low balance letters at the end of the loan term. These letters invite borrowers to either extend their loans or purchase a new vehicle. Although it may appear to require less work, sending these notices through the mail is an inefficient and ineffective way to generate more business or build closer relationships with borrowers.

These low balance letters are intended to address customer retention, which is a mission-critical task in auto lending. The general principle holds that it is much cheaper to obtain business from a current customer than generate business from a new customer. In fact, a rule of thumb is that it costs five times as much to attract a new customer than keep an existing one.

While sending letters to borrowers at the end of the loan term is a step in the right direction, but it is an archaic and inefficient way of finding repeat business. This marketing strategy might appear cheap since the only up-front costs are postage and printing costs. However, this cheap strategy often leads to unsatisfactory and costly results.

An auto lender's follow-up letter is essentially fighting and often lost within every other piece of mail in a borrower's mailbox. More so, even if the borrower opens the letter, lenders have no way of knowing whether the borrower immediately tossed the letter out or took some time to contemplate a call to that financial institution.

Also, lenders are sending the same generic notice or follow-up to each of their borrowers. While this may seem more efficient on a larger scale, not every borrower is the same. They have their own needs and wants, and by sending them a mass mailer, lenders are foregoing a chance to treat each borrower as an individual.

Using Aclaro To Increase Borrower Retention

"We are living in a world where the use of digital technologies is almost a prerequisite for business success. And while the auto lending industry does use technology for things like evaluating the risk within their portfolios, lenders are missing out on massive opportunities to use these technologies to increase customer retention," said Carlos Galarce, CEO of Aclaro.

This is where Aclaro comes in. The company noticed these inefficiencies in the auto lending market and developed a platform to correct them by offering the first and only machine learning system for subprime lenders.

As part of this system, Aclaro predicts risk and helps lenders complete the loan lead life cycle to help increase their customer retention rate. From Aclaro's Nexus Score to the new Aclaro AutoMarket, their many tools have been built to help subprime lenders consistently generate business from their current customers. Instead of sending out a mass mailer and hoping for positive responses, auto lenders can use the alternative data developed by Aclaro to present compelling, personalized offers to current borrowers. This intense customization undoubtedly increases the odds of making further sales to those current borrowers. In addition, lenders who utilize Aclaro's ES software can offer lower rates to those borrowers who qualify via a machine-predicted low propensity of default-even though this lower risk is not indicated in the traditional credit score.

Moving Beyond Letters

"To put it simply, the customer retention rate is an important key performance indicator (KPI) in the auto loan market, yet it is often overlooked and undervalued," said Galarce. "While a lender may think that letters are the best way to generate new business from current borrowers, letters are archaic and inefficient."

Instead, there is a better way. Auto lenders who apply the tools offered by Aclaro can leverage cutting-edge technology that is designed to address this specific task. In the end, lenders using Aclaro are in a much better position to increase their number of returning borrowers.

To learn more about Aclaro, visit https://aclaro.io/ or click here: http://aclaro-4642182.hs-sites.com/aclaro-es/automotive-finance

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South Florida-based AI Fintech company Aclaro, whose mission is to deliver data transparency and personalized insights to its auto lending clients, has developed an innovative, technologically advanced method of increasing borrower retention rates. Instead of sending out thousands of low balance letters with the hope that customers will open these letters and follow up with the lender, Aclaro has made the process much simpler and easier.

Related link: https://aclaro.io/

Aclaro Announces New Board Member and the Release of Aclaro EcoSystem 3.0

CHICAGO, Ill. /ScoopCloud/ -- Aclaro Inc., the game-changing Artificial Intelligence software company that provides disruptive technologies to the automotive, financial, and government sectors, announces a new Board Member and the release of Aclaro EcoSystem 3.0 (ES 3.0). With these announcements, Aclaro continues rapid advancement toward its overarching mission of helping lenders, dealers and consumers develop and nurture longer mutually beneficial relationships.

Introducing New Board Member Peter M. Leger

Aclaro has appointed auto industry expert Peter M. Leger as its newest Board Member. Leger is the founder and CEO of IVSG LLC, a provider of disruptive technology that empowers automotive retailers and original equipment manufacturers ("OEMs"). He and his team recently launched GlobalConnectPlatform(GCP3) and partnered with PickCloud/Googleto distribute the software to the global automotive retail sector.

Leger has extensive leadership and management expertise in the global automotive sector. He was the CEO of Credit Management Solutions Inc., the innovator and pioneer in online credit and automotive loan processing. One of his initiatives there was Credit Connection, which was subsequently sold to DealerTrack. Preceding CMSI, Leger was President of ADP Dealer Services(AKA CDK Global), President and CEO of MSX International, and a board member of APAC Customer Services and Outsourcing Solutions, Inc.

Aclaro is extremely excited to tap into Leger's vast insights and expertise from his decades of success in the auto industry. Throughout his career, he has led many growing businesses to a sustainable EBITDA/profitable basis by introducing new innovative technology to the sector. Leger's voice will be a critical resource as Aclaro continues its impressive pattern of growth.

"I am proud to join the Aclaro's Board, and I look forward to working with Carlos, the Aclaro team, and the other directors as the company builds for the future. I believe that Aclaro has the innovative technology and know-how to change the way that dealers, lenders, and consumers interact in a fully integrated, closed loop real-time marketplace that benefits all participating stakeholders. This is an exciting time for Aclaro and its breakthrough Artificial Intelligence technology especially in creating the Aclaro MarketPlace in connecting lenders' pre-approved borrowers with dealers real-time inventory," said Leger.

Introducing The Aclaro EcoSystem: ES 3.0

Aclaro announces ES 3.0, a game changing toolset for vehicle purchasers, lenders, and dealers.

ES 3.0 enables lenders to better understand a customer's propensity to purchase, offers real time inventory from multiple dealers tailored to a customer's preferences, and helps close vehicle sales and financing faster. The ES 3.0 process begins with Aclaro AI's learning a borrower's propensity to buy a vehicle. Then ES 3.0 engages the borrower to come and visit the Aclaro MarketPlace with a customized Call to Action via multiple channels including email, SMS, and Web targeting. In the MarketPlace, a borrower/consumer can select a list of vehicles to test drive, start the trade-in process, and the financing process. The financing process uses Nexus Score and the Aclaro's Alternative Data., Through Aclaro's proprietary algorithms, lenders gain a better sense of the borrower's cash flow, financial information, and their probability of paying back the loan in full.

Throughout the ES 3.0 processes, mutual value is created for lenders, dealers, and consumers. Lenders obtain granular financial information about a borrower that is based solely on cash flow. They quickly identify profitable lending opportunities while mitigating default risk. Auto dealers integrate their real-time daily inventory with the Aclaro Marketplace to provide consumers with the vehicles they actually want. Dealers close deals faster with permissioned customer financials. Consumers also obtain many benefits from Aclaro ES 3.0, including the ability to easily find-and be approved for-the purchase of their next dream vehicle.

Ultimately, Aclaro ES 3.0 makes life easier and better for lenders, dealers, and consumers. It saves significant time, reduces risk, increases sales and makes the auto purchasing process much more pleasant and trustworthy.

High Expectations

After identifying significant pain points in the automotive lending industry, Aclaro is leveraging game-changing technology to assist all stakeholders. With another auto industry expert board member and the release of the game changing tools in Aclaro ES 3.0, the company will quickly and permanently shift the paradigm.

If you are an auto lender, auto dealer, or prospective auto buyer, we encourage you to visit us at http://www.aclaro.io/ to learn more about our company, our stellar team, and our must-have products.

Aclaro Inc., the game-changing Artificial Intelligence software company that provides disruptive technologies to the automotive, financial, and government sectors, announces a new Board Member and the release of Aclaro EcoSystem 3.0 (ES 3.0). With these announcements, Aclaro continues rapid advancement toward its overarching mission of helping lenders, dealers and consumers develop and nurture longer mutually beneficial relationships.

Related link: https://aclaro.io/

Reaching New Heights: Aclaro adds AI Loan Repayment Risk Management Product to its Relationship-Building Tech Solutions

MIAMI, Fla. /ScoopCloud/ -- Aclaro, the leading provider and developer of Artificial Intelligence and Blockchain-based technology solutions, announces the launch of their newest Fintech App in conjunction with the opening of a new office in San Francisco, California.

The Aclaro Loan Repayment Risk Artificial Intelligence (AI) System was developed to predict the probability of payment default of a subprime loan and was officially released on December 10, 2018. The increase in demand for artificial intelligence/actionable solutions is transforming many facets of the day-to-day business and consumer activities and processes. Aclaro is at the forefront of helping the lending industry shift gears in order to adapt to these trends.

"Aclaro has provided us a lucid and a deeper understanding of the risks associated with our loan portfolio. The Aclaro Loan Repayment Risk System allows us to look at repayment risk on a daily basis. We now have the accuracy needed to make decisions based on timely facts and identify risks faster. Looking at risks such as loans that have a 90% of default with a 90%+ confidence level on a daily basis is a game changer for us and the industry!" said Ben Stefanovski, President of Tracir Financial Services.

Today's top companies are remaining profitable by finding new and innovative methods of optimizing their most valuable asset: Data. Aclaro Risk Management uses machine learning algorithms to analyze a lender's loan portfolio. The risk management system optimizes Artificial Intelligence and Big Data in order to calculate a risk score for each borrower in the portfolio. Key components include a full Web based Business Intelligence Front End solution and subsecond decisioning of an active loan.

It's based on a combination of 100+ individual variables associated with borrower, loan terms, insurance coverage, employment, and vehicle data, but Aclaro never utilizes information such as name, income, social security numbers or credit scores from a Credit Bureau in any of its processes.

Aclaro allows businesses to maximize their goldmine of customer data to make smarter decisions. It specifically helps lenders determine which borrowers are at risk of default.

"With the launch of this new risk management solution, Aclaro is disrupting the status quo of the market by providing lenders the high-level technological tools they need to compete in today's modern marketplace," said Farshad Fatouhi PhD, CTO of Aclaro, Inc.

Carlos Galarce, CEO of Aclaro added: "We're excited about adding this product to our 'Know Your Customer' Relationship Building Solutions Portfolio, and the opening of our third office in the San Francisco Bay area to keep up with the growing demand in the Fintech industry."

About Aclaro:

Based in Miami, Florida, Aclaro specializes in providing small and medium-sized businesses with Blockchain and Artificial Intelligence Technology. With these tools, companies can better optimize their customer experience, make better decisions, and make improvements in efficiency and cost savings.

Visit aclaro.io to learn more about the company and their innovative business solutions. If you would like to see their products in use, contact the sales team at +1-833-2ACLARO or visit: https://hubs.ly/H0fSK9G0

Aclaro, Inc., 78 SW 7th St., Suite 500, Miami, FL 33130, USA. Web: https://aclaro.io/

VIDEO (Vimeo):
https://vimeo.com/305801201

Aclaro, the leading provider and developer of Artificial Intelligence and Blockchain-based technology solutions, announces the launch of their newest Fintech App in conjunction with the opening of a new office in San Francisco, California.

Related link: https://aclaro.io/

Introducing Aclaro TrueView: The Fintech Solution Set to Revolutionize Lending Risk Analysis

MIAMI, Fla. /ScoopCloud/ -- Aclaro, the leading provider in blockchain-based open platform solutions, recently released its latest A.I. solution. The new tool, Aclaro TrueView is designed to provide automotive and other lenders with a competitive advantage through robust features that save them time, money, and facilitate better lending decisions.

Aclaro TrueView is based on technology found in Aclaro's previous Know Your Patient (KYP) healthcare app. With this Artificial Intelligence (AI) technology, lenders can now learn more about their prospects than ever before. When a prospect applies for a loan, TrueView takes an unbiased look at the entire financial history of the prospect along with patterns and behaviors that could affect their overall risk score.

With TrueView, lenders can follow the prospect's entire financial history, including their patterns of repayment, their existing loans, with a final risk assessment to provide the lender with the data they need to make a well-informed, data-backed decision.

Like all Aclaro tools, TrueView is backed by reliable blockchain technology that automatically detects changes in the data without altering the existing code, saving countless hours and troubleshooting efforts.

Aclaro TrueView is meant for Non Major Prime and Subprime Lenders that need to reduce their risk through better decision-making.

According to Chief Marketing Officer Melissa Tello, "Until now, making data-driven decisions has been a challenge without access to the readily available AI loan underwriting platform that major lenders currently use."

She adds, "There was an obvious need for innovation, and Aclaro TrueView is the solution that Non Major Prime and Subprime lenders have been waiting for to help manage Loan Underwriting and Repayment Risk."

About Aclaro:

Based in Miami, Florida, Aclaro specializes in providing small and medium-sized businesses with Blockchain and Artificial Intelligence Technology. With these tools, companies can better optimize their customer experience, make better decisions, and experience improvements in efficiency along with cost savings.

Visit aclaro.io to learn more about the company and their innovative business solutions. If you would like to see their products in use, contact the support team at +1-833-2ACLARO or visit: https://aclaro.io/.

Aclaro, the leading provider in blockchain-based open platform solutions, recently released its latest A.I. solution. The new tool, Aclaro TrueView is designed to provide automotive and other lenders with a competitive advantage through robust features that save them time, money, and facilitate better lending decisions.

Related link: https://aclaro.io/

Aclaro to Bring the Power of Predictive Analytics to Lending Sector, Expands Operations in the US

MIAMI, Fla. /ScoopCloud/ -- Aclaro, the leading provider of blockchain based open data platforms and solutions, has announced that it has launched a new Fintech Artificial Intelligence (AI) solution focused on the lending industry. The new solution is Aclaro TrueView(TM). Aclaro aims to equip lenders with the innovative tools needed for competitive advantage with its tech savvy, blockchain based predictive analytics platform that can be utilized without incurring heavy costs.

Aclaro's goal is to serve the latest AI solutions to the loan sector for risk assessment both in the Underwriting front end and in the management of the risk repayment of the loan.

Know Your Customer (KYC), geofencing, data mining, big data, machine learning and predictive analysis are a few of the tools integrated in the Aclaro TrueView(TM) solution which can help accelerate underwriting, manage repayment risk, predict and prevent fraud.

With the announcement of the Aclaro TrueView(TM) product and in yet another big step in its growth, Aclaro is expanding its operations in the U.S. with the opening of a new office in New York at: 240 Water St. Brooklyn, NY 11201.

Many small and medium businesses (SMB's) in New York, especially those focused on lending, have been competing without the advantage of the leading edge data driven decisions and insights that are already available to larger corporations. A primary reason for this is the heavy costs associated with using data analytics platforms. With Aclaro's revolutionary predictive analytics, they can now gain business insights from their own business data.

"Today, data analytics is equivalent to hard money for all businesses, and Aclaro helps businesses owners get value from their data and maximize the potential for the business intelligence hidden within it," says Carlos Galarce, Founder & CEO, Aclaro. "With the Aclaro TrueView App we are creating tangible competitive advantage for lenders of all sizes. The app is currently in beta test with selected customers and is expected to be ready for full release by the end of the third quarter."

About Aclaro:

Aclaro is a leading provider of Blockchain based Open Data Platforms and Solutions that disrupt the status-quo of disjointed siloed current systems. We aim to level the playing field for small and midsize business by providing solutions that can help them compete with larger competitors. We use technology to provide solutions that matter, have real returns to a bottom line and contribute to the quality of life of the solution stakeholders. We enhance transparency of transactions via Blockchain technology, out of the box kick ass Apps that use Machine Learning, Business Intelligence and GraphDB's to rock the status quo.

For more information, please visit: https://aclaro.io/

VIDEO (YouTube):
https://youtu.be/Dpz0kNZ1LZE

Aclaro, 78 SW 7th St., Suite 500, Miami, FL 33130, USA.

Aclaro, the leading provider of blockchain based open data platforms and solutions, has announced that it has launched a new Fintech Artificial Intelligence (AI) solution focused on the lending industry. The new solution is Aclaro TrueView(TM). Aclaro aims to equip lenders with the innovative tools needed for competitive advantage with its tech savvy, blockchain based predictive analytics platform that can be utilized without incurring heavy costs.

Related link: https://aclaro.io/