Vehicle financing company Global Dominion is set to leverage artificial intelligence (AI) to streamline its credit evaluation process, aiming for near-instant application approvals.
“This move is both timely and necessary as we expand operations across the country,” said Rodrigo Matinong Jr., the company’s credit head. Global Dominion has added 32 branches this year, with plans for further expansion in early 2025.
The company’s Information Technology Group (GDFI-ITG) is spearheading initiatives to enhance IT governance and operations. The shared-service model is designed to reduce costs and improve efficiency across the organization, with the ultimate goal of lowering interest rates for consumers.
“Centralizing back-office operations has enabled cost reductions, improved service quality, and more effective asset management,” said Eric Salazar, Global Dominion’s chief information officer. He noted the company’s efforts to eliminate redundancies in IT resources and standardize best practices. “This is just the beginning for us,” he added.
Global Dominion is exploring advanced technology solutions, including explainable AI, to refine its processes. It has evaluated more than ten vendors as part of its push toward automation, machine learning, and mobile-enabled self-service capabilities.
The transition to a cloud-based setup and the growing demand for AI integration are key components of the company’s strategic roadmap.
Since 2003, Global Dominion has provided vehicle mortgage loans and financing services, focusing on helping individuals and organizations achieve growth and transformation.
