Browser Extension Data Verification for Dealer Lending Portals
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Automobile dealers face limitations when selecting lenders outside integrated platforms, missing out on competitive financing options and features, as they must leave the primary platform to access additional lenders, disrupting their workflow and potentially delaying or inaccurately processing financing applications.
Innovation Solution
A browser extension that identifies data requirements, verifies data elements in real-time, and provides visual indications of verification status, allowing dealers to access and compare financing offers from non-integrated lenders within the primary platform, ensuring accurate information before submission.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If the dealer uses the first platform to select lenders, then the workflow is integrated and convenient, but the dealer is limited to a restricted group of lenders and misses out on competitive financing options
Solution Approach 1:
The patent introduces a browser extension as an intermediary tool that operates within the first platform's interface. This extension acts as a mediator between the dealer and external lenders (second platform), allowing the dealer to access a broader lender network without leaving the familiar first platform interface. The extension scrapes data from the first platform, submits applications to external lenders, and displays results within the same browser window, thus expanding lender selection while maintaining workflow continuity.
2Adaptability or versatility
If the dealer leaves the first platform to access the second platform for additional lenders, then more financing options are available, but the workflow is disrupted and time is lost
Solution Approach 1:
The patent merges the functionality of the first platform (dealer's primary workflow interface) with the lender selection capabilities of the second platform. The browser extension combines multiple functions: it scrapes application data from the first platform, automatically submits applications to external lenders on the second platform, and displays loan offers within the first platform's interface. This merging eliminates the need to switch platforms, thereby expanding lender access while saving time.
3Reliability
If the dealer manually verifies data for external lenders, then accurate information can be confirmed, but the process becomes complex and error-prone
Solution Approach 1:
The patent implements self-service automation where the browser extension autonomously performs data verification without requiring manual dealer intervention. The extension automatically scrapes relevant data from the first platform, formats it according to external lender requirements, submits applications, and retrieves results. This automated self-service approach ensures data accuracy while simplifying the verification process, eliminating manual errors and reducing complexity.
Data Source
AI summary
A computer-implemented method is disclosed. The method may include identifying, via a browser extension associated with a first entity and based on content scraped from a portal associated with a second entity different from the first entity, a data requirement associated with an individual for an interaction. The portal may be output on a display of a user device of a third entity different than the first and second entities. The method may include verifying, via the browser extension and by accessing a system associated with the first entity, whether a data element associated with the individual satisfies the data requirement. The method may further include causing, via the browser extension, the display of the user device to output a first visual indication of a result of the verifying.