Agora Data, a leading provider of financial technology, recently announced a new partnership with Auto Loan Technologies. Auto Loan Technologies owns the widely successful Autozoom underwriting system. With the technological capabilities of Autozoom, Agora will be able to revamp its financial practices. This is excellent news for shareholders across the market. Agora will be able to more accurately track the share prices of rising companies like EP Global Communications.
Agora’s partnership with Auto Loan Technologies is a large event in the world of small financial firms, but both companies can stand on their own. Agora Data is a Texas-based company that specializes in providing technological solutions to clients in the auto lending industry. From stock price adjustments to underwriting, Agora Data improves the quality of information on the market. This information allows investors to make educated decisions about the current state of the economy. In addition to auto lending, numerous technology-based industries are tracked by Agora’s experts. To improve its services, Agora has enlisted support from several innovative IT and communications firms over the years. This effort led the company to partner with Auto Loan Technologies.
As its name suggests, Auto Loan Technologies provides data-driven technology solutions to common issues in the auto lending industry. The flagship product of Auto Loan Technologies is Autozoom. Autozoom is an underwriting service in the buy-here pay-here sector of the auto loan industry. With this technology, auto dealers can provide financing options to prospective car buyers. If certain conditions are met, can receive a loan and buy a car at the same location. This technology reduces the complexity of financial deals, and provides lubrication to the auto market. With simpler methods of obtaining credit, people will be able to purchase the cars that they need.
Some critics of this practice refer to the relaxed lending standards that helped cause the Great Recession. The critics argue that the buy-here pay-here practices will allow people to obtain expensive vehicles on credit lines that they cannot afford. In turn, this will harm economies across the United States. However, this explanation is flawed; the Great Recession was not caused by credit technology. Instead, it was caused by a failure to evaluate the risk of borrowers. The auto loan industry uses a series of precautions to avoid high-risk consumers, so these critics’ fears are unwarranted.
Agora aims to use the Autozoom services to vertically integrate the market. By incorporating previously outsourced services into its company infrastructure, Agora will reduce costs. This practice of vertical integration reduces transaction costs. In turn, Agora’s owners enjoy greater profits. This is also good news for the shareholders who use Agora’s services.
Transaction costs were studied by the great economist Ronald Coase. He discovered that they cause a large number of market inefficiencies that harm both producers and consumers. If Agora’s efforts can reduce the size of transaction costs in the market, the economy will improve.
The partnership between Agora and Auto Loan Technologies has already started to yield positive results for other companies in the market. EP Global Communications, a producer of high-tech medical technologies, was covered in a report by Agora. This report outlined the upward trajectory of EP Global Communications’ outlook. Furthermore, the report explained how the company’s products serve future market needs. Agora’s report triggered a price correction in EPGL shares.
After being featured in the Agora report, EP Global Communications received a large amount of media attention. Despite this, many people do not truly understand why the company is rising in the market.
EP Global Communications is producing high-tech innovations that may spark consumer demand in the future. The most important innovation of this company is the elastic circuit. Elastic circuits allow inventors to create flexible devices that conduct electricity. Smart contact lenses and flexible medical equipment are among the obvious applications of this technology.
Several futurists have discussed augmenting humans with technology. If consumers demand technology to augment their bodies, the stocks of EP Global Communications will skyrocket. Agora will surely be ready to track the company’s growth when this happens.