back Back

Pagaya & Westlake Financial partner to strengthen automotive credit decisions

By Delisha Fernandes

September 08, 2023

  • Assets Management
  • credit-analysis platform
  • Financial Ecosystem
Share

Pagaya, Westlake Financial, financial ecosystem, assets management, retail installment, credit-analysis platform, loans, FinTech news, FinTech USAPagaya Technologies, a company delivering artificial intelligence infrastructure for the financial ecosystem, has partnered with Westlake Financial, an automotive FinTech company.

By tapping into Pagaya’s innovative tech-enabled credit-analysis platform, the partnership with Westlake will facilitate smarter, more empowered credit decisions that will elevate the car-buying experience, creating more loans for more customers.

“In an increasingly competitive credit market, Pagaya is helping our partners approve more loans, thereby helping their dealerships sell more cars and trucks. We are proud to be strengthening our relationship with the incredible Westlake Financial team as we grow our auto business,” said Gal Krubiner, co-Founder and CEO of Pagaya. “Through this expansive partnership, our tech-enabled, two-sided lending network will integrate with the thousands of Westlake dealers and dealer groups, accelerating the growth of our auto product and our presence in auto dealerships across the country.”

Through the collaboration, Pagaya’s auto partners can take credit decisions quicker and more accurately, expanding their existing product offering while improving the customer experience, and ultimately converting more car purchases. Additionally Pagaya’s fully pre-funded model allows its auto financing partners to approve more loans without using their own balance sheets

“We are excited to be leveraging Pagaya across more of our dealerships, optimizing the financing experience for car buyers,” said Don Hankey, Chairman of the Board of Hankey Group, the parent group of Westlake Financial. “Pagaya’s AI technology and two-sided lending network allows us to unlock new opportunities for our team and facilitate seamless transactions, ultimately helping our dealers sell more, and our customers get approved faster.”

Previous Article

September 08, 2023

Plum integrates with Upvest API to expand investment offering

Read More
Next Article

September 08, 2023

SAP Fioneer partners Mastercard for embedded payments offering

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

Assets Management

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 Spend Management Platforms to optimize your business finances

Read More

Today

Veefin obtains strategic stake in Regime Tax Solutions through its subsidiary

Read More

Today

Dineo Crédito taps Mambu to bolster lending capabilities in Spain

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023