Recent News

Point Predictive Unleashes Fraudbot™ to Safely Transform Digital Lending

06.15.2021

June 15, 2021 | businesswire.com | SAN DIEGO, Calif. -- Point Predictive, the San Diego-based company that provides machine learning solutions, has unveiled its Fraudbot™ technology to protect lenders against systematic fraud as they safely and dramatically automate and accelerate loan origination. Fraudbot is Point Predictive’s purpose-built, artificial intelligence technology that continuously digs through over 100 million loan applications and over 10 billion risk attributes to detect the hidden links across a vast data set. A Fraudbot emulates the actions of human fraud analysts as they forensically search for suspicious data anomalies and connections across applications that are often invisible to the human eye. The Fraudbots deployed earlier this year to Consortium members, who have already received 2,000 fraud ring alerts, accounting for $351 million in suspected loan fraud so far in 2021. With Fraudbots working around the clock, even lenders without a large in-house fraud analyst team can now ...

Jim Emmons Joins PeerNova As Senior Vice President Of Global Sales

05.14.2021

May 14, 2021 | peernova.com | SAN JOSE, Calif. -- PeerNova, Inc. (PeerNova) welcomes Jim Emmons as the Senior Vice President of Global Sales. Emmons will be leading PeerNova sales efforts as the company focuses on continued growth. He will implement strategic initiatives to bring the CuneiformⓇ Data Quality Platform to more financial firms worldwide. “I am excited to join PeerNova,” said Emmons. “Data quality is at the center of every important business decision that enterprises need to make every day. The Cuneiform Platform is well-positioned to solve these significant data quality related challenges and help organizations make these decisions confidently.” Jim Emmons is an experienced software executive with a proven track record in leading global sales organizations. He utilizes an innovative sales approach that encompasses technology, people, and business processes that delivers results for his clients quickly and effectively. Emmons has extensive experience selling both on-prem and SaaS software ...

225+ Credit Unions Select PayverisCU to Enhance Digital Payments

05.11.2021

May 11, 2021 | PRNewswire | CROMWELL, Conn. -- PayverisCU, a wholly owned registered CUSO of Payveris focused on building innovative digital member experiences, announced today that it now supports 227 total credit unions with the MoveMoney Platform, after signing 27 partners in the past 12 months, including the following financial institutions with over $1 billion in assets: VyStar Credit Union ($10.5B), Royal Credit Union ($3B), Washington State Employees Credit Union ($3B), ORNL Federal Credit Union ($2B), Addition Financial Credit Union ($2B), and JSC Federal Credit Union ($2B). The accelerated adoption of digital banking solutions during the pandemic posed a significant threat to credit unions already struggling to compete effectively with the digital banking and payment experiences offered by big national banks and emerging neo and challenger banks. According to a March 2020 industry report from PYMTS.com,1 in 5 credit union members consider changing primary financial institutions over insufficient innovation. As credit unions continue to grapple with this reality ...

Boost Payment Solutions Raises a $22 Million Series C Round

05.4.2021

May 4, 2021 | businesswire.com | NEW YORK -- Boost Payment Solutions (“Boost”), the leader in B2B payments optimization, which has processed over $10 billion in card payments for over 15,000 enterprises across five continents, today announced the closing of a $22 million Series C funding round led by Invictus Growth Partners (“Invictus”). The proceeds will be used to accelerate the company's global growth across multiple verticals, including healthcare, telecommunications, manufacturing, freight & logistics and real estate. William Nettles, Co-Founder and Managing Partner at Invictus, will join the Boost board of directors. As the only FinTech acquirer focused exclusively on the B2B market, Boost works closely with institutional and corporate buyers, suppliers, commercial card issuers, and card networks to cure the pain points commonly associated with commercial card use and acceptance. “Boost’s unique positioning in the industry and the vast addressable market in B2B payments has led to tremendous growth ...

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