Global Dominion has been aggressively exploring and studying technology services that maximize the use of AI. It has screened no less than 10 vendors, including one in the field of “explainable” AI.
If this scenario from the near future, as finance company Global Dominion sees it, comes to fruition, it would only take minutes for vehicle mortgage loan and vehicle financing companies to approve applications. And it’s not a far-fetched dream, thanks to artificial intelligence or AI.
“Considering our growth in many areas in the country, it’s timely and much needed to be aided by artificial intelligence when it comes to scaling our credit evaluation operations in a timely manner,” said Global Dominion credit head Rodrigo Matinong Jr.
The company has added 32 branches this year and it aims to open more by the first quarter of 2025. Global Dominion’s Information Technology Group (GDFI-ITG) has envisioned a shared service to enhance IT governance, operations and support across companies within its group.
GDFI-ITG works closely with the financing company’s business units to leverage existing and upcoming technology to bring costs down, consequently helping to drive interest rates down for financial consumers in the future.
“Centralizing back-office operations has led to cost reduction, improved service quality, better control and more effective management of our assets,” said Global Dominion chief information officer Eric Salazar. Their initiatives have eliminated redundancy in IT resources, budget allocation, hiring processes and enforced the adoption of best practices.
“This is not even the peak for us, it is just the beginning,” Salazar added.
The company has been aggressively exploring and studying technology services that maximize the use of AI, and it has so far screened no less than 10 vendors, including one in the field of “explainable” AI.
Alongside the transition to a cloud-based setup, and aside from AI, the growing demand for automation has spurred the inclusion of new projects such as machine learning and mobile-enabled self-service capabilities in its strategic roadmap going forward.
Global Dominion has been in the business of vehicle mortgage loans and vehicle financing since 2003. It aims to ignite and accelerate the growth of people and organizations to transform lives for the better.
