Banking and Insurance
Automatic License plate and vehicle recognition provide the Insurance and Banking industries with location and recovery data to ensure their assets are monitored, protected, and recoverable.

US Car repossession industry market value of $1 billion

Repo Industry Analysis and Trends, 2018

BANKING AND INSURANCE

groups’ focus is to track, protect, and when necessary recover their assets. There are over 1.3 million automobiles recovered per year worth billions of dollar.  ALPR solutions increase the likelihood of being able to find and recover these assets when necessary and remove unsafe and uninsured drivers from the roadways.