ARLINGTON, Texas, August 3, 2021 – Agora Data CTO Chad Stilwell will be presenting “Leading-Edge Changes in Auto Financing” at the Carolinas Independent Auto Dealers Association (CIADA) conference. Stilwell will highlight recent changes in auto financing and demonstrate how data analytics and advance technology can be used to improve portfolio performance. The CIADA conference is scheduled for August 5-8, 2021, at the Hilton Myrtle Beach Resort in Myrtle Beach, South Carolina.
“Applying data and predictability to loan performance is ground-breaking for the subprime auto industry,” said Chad Stilwell, Chief Technology Officer of Agora Data. “In addition to the sophisticated analytics Agora uses to build our financing programs, we also make available to our members at no charge the ability to power up their portfolios using our technology platform. This allows our members to help evaluate real-time loan performance, identify opportunities to reduce risk, and make better decisions to build their businesses.”
Agora Data is revolutionizing subprime auto financing by utilizing billions of dollars of historical loan data to predict loan performance with over 10,000 probabilities applied to each loan daily. With these robust data analytics, driven by artificial intelligence and machine learning, Buy Here Pay Here dealers and small to mid-sized finance companies have access to a wider range of capital options to help fuel growth. Applying data-driven solutions and certainty to an underserved and underbanked industry is enabling BHPH auto dealers to gain access to Wall Street capital and help level the playing field with the large dealer groups.
Attendees won’t want to miss “Leading-Edge Changes in Auto Financing.” It is the CIADA presentation that is changing the future for BHPH dealers and small to mid-sized financing companies. Visit Agora Data at booth #15 for a more personal discussion about increasing access to capital.
About Agora Data, Inc: Agora Data is a platform built to deliver a suite of tools to empower buy-here-pay-here dealers and finance companies to maximize their success. Agora is disrupting and influencing the industry by connecting its dealer and finance company members to Wall Street and other capital resources that were previously only available to large dealer groups. Agora Data’s family of auto finance products provides a wide range of critical funding paths so originators can obtain the cash they need to fuel growth. Powered by Agora’s proprietary, radical, AI-infused technology platform, originators now have access to robust data analytics and planning resources to help optimize the performance of their portfolio. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com and become a member or contact us at 877-592-4672.