Latest Post: Lending

Digital Recognition Network’s New FinTech Client Services Unit Helps Clients Be More Strategic and Demonstrates an Average of 193 Percent Return on Investment for Clients Using DRNsights

Company adds the Client Services Unit, new hires and promotes from within to meet the needs of its fast-growing FinTech Division FORT WORTH, TX – SEPTEMBER 24, 2018 – Digital Recognition Network (DRN), an AI and data analytics company that provides vehicle location data and analytics to auto lenders, insurance

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Three Takeaways from the Automotive Intelligence Summit

Alternative data’s impact on the automotive industry is heating up Last month, DRN’s FinTech team attended the first annual Automotive Intelligence Summit (AIS), where we were also a proud sponsor of the event. The conference centered around technology and its effect on the automotive industry, bringing together professionals within the

Read More »

Spot Fraud in Your Books with Two Easy Indicators

Every carrier’s book of business is filled with fraud. There are often easy hints that can be used to identify them. To my surprise, carriers often overlook these red flags, which ends up costing them in the long run. So, what are the “overlooked” identifiers? They’re the well-known, easy to

Read More »

DRN Vehicle Recovery Hotlist Grows to 360,000 as the Company Marks Milestone of $2 Billion in Asset Value Recovered in 2017 for Lenders

Hotlist Growth Reflects Confidence in DRN’s Provider and Affiliate Network FORT WORTH, TX 1/23/2018 – Digital Recognition Network (DRN) announces today that the company’s active hotlist hit an all-time high of 360,000 License Plate Recognition (LPR) assignments. DRN also reports that in 2017 the company’s providers recovered collateral totaling a

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Title Lender Boosts Recoveries by 23%

Averts losses using vehicle location data for right party contact and faster recoveries. Title lenders serve a market need for under-banked customers, people in a financial crunch that need rapid relief and continued access to transportation. The title lenders we support tell us that it is critically important to maintain

Read More »

Attention Credit Unions: You Really Should Be Better

Credit unions seem to have mastered rapid growth and indirect auto lending strategies, but that’s not good enough – they must be better at connecting with customers to collect on those loans. According to the National Credit Union Administration (NCUA), credit unions saw continued growth in the first quarter of 2016

Read More »

Waiting-to-Lose Strategy is No Strategy

Days past due (DPD) strategy often leads to repo or charge-off: use vehicle location data as the trigger to avert losses. At our lender round-up in February, we heard from 20 of the top auto lenders in the nation. The main takeaway? “All of the lenders are being challenged to

Read More »

Lending Blog

Digital Recognition Network’s New FinTech Client Services Unit Helps Clients Be More Strategic and Demonstrates an Average of 193 Percent Return on Investment for Clients Using DRNsights

Company adds the Client Services Unit, new hires and promotes from within to meet the needs of its fast-growing FinTech Division FORT WORTH, TX – SEPTEMBER 24, 2018 – Digital Recognition Network (DRN), an AI and data analytics company that provides vehicle location data and analytics to auto lenders, insurance

Read More »

Three Takeaways from the Automotive Intelligence Summit

Alternative data’s impact on the automotive industry is heating up Last month, DRN’s FinTech team attended the first annual Automotive Intelligence Summit (AIS), where we were also a proud sponsor of the event. The conference centered around technology and its effect on the automotive industry, bringing together professionals within the

Read More »

Spot Fraud in Your Books with Two Easy Indicators

Every carrier’s book of business is filled with fraud. There are often easy hints that can be used to identify them. To my surprise, carriers often overlook these red flags, which ends up costing them in the long run. So, what are the “overlooked” identifiers? They’re the well-known, easy to

Read More »

DRN Vehicle Recovery Hotlist Grows to 360,000 as the Company Marks Milestone of $2 Billion in Asset Value Recovered in 2017 for Lenders

Hotlist Growth Reflects Confidence in DRN’s Provider and Affiliate Network FORT WORTH, TX 1/23/2018 – Digital Recognition Network (DRN) announces today that the company’s active hotlist hit an all-time high of 360,000 License Plate Recognition (LPR) assignments. DRN also reports that in 2017 the company’s providers recovered collateral totaling a

Read More »

Title Lender Boosts Recoveries by 23%

Averts losses using vehicle location data for right party contact and faster recoveries. Title lenders serve a market need for under-banked customers, people in a financial crunch that need rapid relief and continued access to transportation. The title lenders we support tell us that it is critically important to maintain

Read More »

Attention Credit Unions: You Really Should Be Better

Credit unions seem to have mastered rapid growth and indirect auto lending strategies, but that’s not good enough – they must be better at connecting with customers to collect on those loans. According to the National Credit Union Administration (NCUA), credit unions saw continued growth in the first quarter of 2016

Read More »

Waiting-to-Lose Strategy is No Strategy

Days past due (DPD) strategy often leads to repo or charge-off: use vehicle location data as the trigger to avert losses. At our lender round-up in February, we heard from 20 of the top auto lenders in the nation. The main takeaway? “All of the lenders are being challenged to

Read More »