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What is PwC True Comply?

Envision enhancing the precision of compliance testing while reducing expenses at the same time. True Comply simplifies the often tedious and costly compliance evaluation by automating the document review process on a single platform. This allows you to evaluate your entire portfolio in a fraction of the time it would take to assess even a smaller selection manually. Such a method grants a more thorough insight into your organization’s compliance status, significantly lowering the chances of incurring large penalties for non-compliance. The automation provided by True Comply eliminates the need for manual comparisons between loan documents and the information submitted to regulators. By detecting discrepancies and exceptions early in the process, you can prevent wasting time during audits later on. Relying solely on a limited sample of your loan submissions can lead to significant risks, as errors might remain undetected. With an enhanced document review process, you gain the ability to perform a more detailed analysis, enabling your organization to ensure compliance both effectively and efficiently. This proactive approach not only safeguards your company but also improves its standing in the industry, fostering greater trust among stakeholders. Ultimately, embracing such innovations can lead to long-term benefits for your organization.

What is Informed?

Informed is a cutting-edge platform that utilizes artificial intelligence to enhance the verification and decision-making processes crucial for consumer lending, with a strong emphasis on automating the validation of key factors like income, assets, identity, and residence. By harnessing machine learning and document intelligence, it skillfully handles a diverse range of document types and consumer-authorized data sources, allowing for real-time extraction, classification, and verification of essential information, which leads to quicker and more reliable credit assessments. This groundbreaking solution removes the necessity for manual evaluations by rapidly analyzing loan applications, identifying discrepancies, and resolving conditions in mere seconds, thereby greatly expediting underwriting and funding timelines. In addition, Informed integrates effortlessly with existing loan origination systems and application sources, empowering lenders to automate verification processes while preserving their current infrastructure. Moreover, this platform tailors income calculations according to specific lending guidelines and cross-verifies applicant information across multiple data inputs, ensuring a comprehensive and efficient assessment process. By doing so, Informed not only reshapes the lending landscape but also enhances the overall accuracy and speed of credit decisions, which ultimately serves the interests of both lenders and consumers effectively. This transformation marks a significant leap forward in the pursuit of innovation within the financial sector, driving a new era of efficiency and reliability in lending practices.

Media

Media

Integrations Supported

Integrations Supported

Descartes Sellercloud

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

PwC

Date Founded

1998

Company Location

United Kingdom

Company Website

www.pwc.com/us/en/products/true-comply.html

Company Facts

Organization Name

Informed

Company Location

United States

Company Website

informediq.com

Categories and Features

Compliance

Not specified

Categories and Features

Fraud Detection

Not specified

Income Verification

Not specified

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