Tavant

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Baker Hill, Finastra, Fintech Rundown, Tavant

It’s a holiday shortened week in the US, with Independence Day (also known as the Fourth of July) just days away. With that in mind, we’ll keep you posted with all the fireworks in the fintech headlines this week here on the Fintech Rundown!

Payments

Philippines-based fintech Mynt readies for a $1.5 billion IPO for its mobile payments platform and mobile wallet GCash.

Maldives Premier Bank (MPB) partners with Finastra for its Financial Messaging API, enabling resilient, secure, always-on payment connectivity.

Paysafe joins Primer platform to streamline card payments for online merchants.

Investing

Education Community Alliance partners with InvestiFi for in-platform investing.

Financial wellness

Family technology company Greenlight launches its smart home display—Family Hub—to help families manage finances, chores, and more.

Lending

Baker Hill and Lumos, a specialist in predictive credit intelligence for small business lending, announce a partnership to help community banks and credit unions expand lending opportunities.

Financial services app Tabby secures a consumer finance license and a SME finance license from the Saudi Central Bank (SAMA.)

Identity and authentication

AI-native risk intelligence solution provider for financial crime and national security operations Quantifind secures $200 million in funding in a round led by Summit Partners.

Post-quantum authentication and digital identity solutions provider Wultra raises $7.75 million in Series A funding.

Agentic AI

Communication risk management platform for financial services Shield added new AI agents to AmplifAI, its agentic suite for digital communications surveillance and investigations.

AI transformation specialist Tavant launches its next-generation platform for agentic software engineering, data modernization, and enterprise AI automation.

Business finance

Canadian business finance platform Float Financial raises $60 million in Series C funding in a round led by Inovia Capital.

Xero introduces industry benchmarking intelligence for small businesses.

Fraud and risk

Shield introduces the a governed AI agent designed to close compliance alerts autonomously.

Photo by Ray Hennessy on Unsplash

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Tavant Unveils AI-Powered Mortgage Origination Suite TOUCHLESS

Tavant Unveils AI-Powered Mortgage Origination Suite TOUCHLESS
By David Penn Posted on
Categories: Alumni profile, Tavant

Fintech solutions provider Tavant unveiled its TOUCHLESS AI Mortgage Origination Suite this week. The technology enables the end-to-end, AI transformation of the mortgage origination process from initial lead to funded loan. TOUCHLESS offers a full suite of modules to upgrade existing LOS and POS via Agentic AI assistants, AI-powered document analysis, AI-assisted underwriting, and an Agentic AI architecture that dynamically personalizes workflows, loan products, and programs. The result is a solution that enhances the borrower experience, boosts lead conversion, reduces origination costs, and compresses cycle times.

“TOUCHLESS now allows any lender to rapidly transition into the era of AI,” Tavant Head of TOUCHLESS Mohammad Rashid said. “The industry’s promise of seamless borrower experience and lower origination cost has often fallen short. The TOUCHLESS AI suite allows lenders to rapidly wrap their LOS and POS to unlock higher borrower satisfaction, increased loan volumes, and dramatically lower origination costs. It’s time for the industry to truly move forward and bring the full power of AI to borrowers and employees.”

TOUCHLESS leverages Tavant’s MAYA, an intelligent AI assistant that provides borrowers, loan officers, and underwriters with personalized, real-time support and feedback through the entire application process. MAYA helps guide borrowers through complicated questions, and notes when applicants hesitate in the process in order to step in and assist. MAYA explains the differences between mortgage products and programs and responds around the clock to leads from digital sources.

Combined with TOUCHLESS AI-powered document analysis, data consistency checks, automated conditions clearing, and Policy-as-Code underwriting, MAYA also helps boost underwriter productivity. Mortgage originators that have piloted the product have reported 12x gains in underwriter productivity, and reductions in overall operational costs of 60%.

“With the introduction of our Intelligent AI Assistant, MAYA is redefining the mortgage origination experience,” Rashid added. “MAYA is human-like and can address any questions and concerns borrowers have and deliver real-time personalized guidance throughout the application process, helping them navigate each step with clarity and confidence. This reduces application errors and abandonment rates, accelerates loan processing, and empowers borrowers and lenders alike with seamless, hyper-personalized support—ultimately saving time and lowering costs for everyone involved.”

Founded in 2000 and headquartered in Santa Clara, California, Tavant demoed its AI-powered loan origination technology at FinovateSpring 2025 in San Diego. At the conference, the company showed how generative AI, voice-enabled conversational AI, and advanced data security enable Tavant’s LO.ai to lower sales costs, increase lead conversion, and ensure regulatory compliance.

Tavant’s new product news comes just days after the company announced that it had earned a place in the top 100 of the 2025 IDC FinTech Rankings. This year marked the seventh consecutive time that Tavant has been highlighted by the IDC.

“Being recognized for the 7th consecutive year is humbling and reaffirms our relentless drive to push AI boundaries and deliver measurable outcomes for our clients,” Tavant President Hassan Rashid said.

Tavant’s technology powers one in three US mortgage loans, and enables 3.5 million lending applications and 33 million lending transactions. More broadly, the company offers technology solutions in a wide variety of industries beyond fintech, including manufacturing, agtech, and media. With customers in North America, Europe, and Asia, Tavant has users of its technology in more than 150 countries. Sarvesh Mahesh is CEO.

Photo by Tierra Mallorca on Unsplash

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Streamly Snapshot: Faster Closings and Smarter Decisions—AI-powered Lending Delivered by Tavant

Streamly Snapshot: Faster Closings and Smarter Decisions—AI-powered Lending Delivered by Tavant
By David Penn Posted on
Categories: Streamly, Tavant

How can enabling technologies like traditional and generative AI, as well as automation, help solve major pain points in the mortgage industry? Can challenges like high costs and lengthy processing times be alleviated by technological innovation?

Mohammad Rashid is Senior Vice President and Head of Innovation at Tavant. In this week’s Streamly interview, we talk with him about how AI and automation can streamline the mortgage application process by eliminating manual tasks and reducing the overall amount of human involvement. Rashid also discusses some of the challenges that financial institutions encounter when adopting new technologies like AI, and the integrated, unified platforms for lenders that Tavant creates.

“This industry has two of the biggest problems plaguing any industry: armies of people that address rivers of paper. Whenever you have a mortgage application you have hundreds of digital (documents) that (are) flowing through the application process. And you have hundreds of people behind the scenes who are looking at that paper, extracting data from that paper, and trying to decision as fast as possible for that loan. That has a lot of side effects.”

Founded in 2000 and headquartered in Santa Clara, California, Tavant provides AI-powered fintech solutions that help businesses become more agile, optimize costs, and benefit from continuous innovation. The company’s AI-powered agents, predictive intelligence, and scalable machine learning models help firms move beyond conventional automation to intelligent, adaptive, and outcome-driven processes. Businesses working with Tavant have reported a 54% increase in speed to market, a 45% reduction in costs, and a 33% improvement in productivity. Tavant’s AI solutions power one in three mortgage loans in the US, with 3.5 million lending applications and 33 million lending transactions enabled.

Rashid has been a part of Tavant for more than two decades. Starting as VP of Lending and Capital Markets in 2003, Rashid was honored with the Housing Wire Vanguard Award in 2017. The Award recognizes leaders in fintech whose work is helping transform the lending business for the better.

Photo by Andrea Piacquadio

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FinovateSpring 2025 Sneak Peek Series: Part 4

By Madeline Clines Posted on
Categories: Anonybit, APIMatic, Cratoflow, Crux Analytics, FinovateSpring 2025, FinovateSpring 2025 Sneak Peek, Tavant

A look at the companies demoing at FinovateSpring in San Diego on May 7 – 9. Register today using this link and save 20%.

Anonybit

Anonybit prevents fraud and protects user privacy with decentralized biometrics at login, step up, help desk, and other user touchpoints.

Features

  • Enhances security with passwordless, privacy-preserving biometrics
  • Reduces fraud and support costs
  • Implements with easy pre-integrated, device-agnostic technology

Who’s it for?

Banks, credit unions, and fintechs.

APIMatic

With every bank and fintech heavily invested in API programs, APIMatic helps them generate ROI from these API investments via automation and AI solutions.

Features

APIMatic has developed API Recipes to give developers production-ready code in a guided manner.

  • Accelerates API adoption
  • Reduces integration time
  • Improves time to revenue

Who’s it for?

Banks, payment providers, and fintechs with public APIs.

Cratoflow

Cratoflow is an AI-powered accounting platform that automates 90% of workflows, streamlining invoicing, payments, and customer invoicing, accelerating close cycles, and boosting financial accuracy.

Features

  • Delivers invoice processing in 20 seconds
  • Provides seamless ERP integration
  • Automates approvals and workflows

Who’s it for?

Mid-market businesses with high transactional volume.

Crux Analytics

Crux Analytics is a relationship intelligence platform empowering bankers to drive more valuable outcomes with small business clients.

Features

Crux combines powerful workflow automation with data-driven intelligence to unlock sustainable institutional growth, efficiency gains for bankers, and more retentive relationships for SMBs.

Who’s it for?

Community banks, credit unions, and regional banks.

Tavant

Tavant’s LO.ai boosts loan officer productivity, cuts sales expenses, and empowers borrowers. Powered by Gen AI, it revolutionizes lending with enhanced lead conversion and reduced onboarding time.

Features

  • Provides a complete regulatory compliant solution
  • LO.ai qualifies borrowers and converts them into loyal customers, driving business outcomes
  • Ensures advanced, compliant solutions for lending ecosystems

Who’s it for?

Banks, credit unions, and lenders.

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On Earth Day (and Every Day) Paperless is the Way to Be

On Earth Day (and Every Day) Paperless is the Way to Be
By Julie Muhn (@julieschicktanz) Posted on
Categories: CardFlight, Dream Payments, Five Degrees, Mitek, Namaste Credit, Paper.id, Quadient, Roostify, ShopKeep POS, Tavant, Tradeshift

Today is Earth Day, and what better way to celebrate than to take a look at fintechs helping out the environment by promoting eco-friendly habits. Here we feature companies with technology that saves trees by reducing the amount of paper used in the industry.

We’ve rounded up a handful of environmentally friendly fintechs in three categories: digital invoicing, paper-free mortgages, digital receipt printing, and paperless onboarding.

Digital invoicing

By taking the invoicing process digital, small businesses not only save paper, they can also save time and potentially receive payment faster, freeing up working capital they can put back into their operations.

  • Paper.id provides SMEs with invoicing tools and payment integration. The company offers tools to help businesses issue their invoices digitally and receive payment via electronic payment methods. Paper.id demoed at FinovateFall 2018
  • Charlie-India’s Invoicing Hub is a white label e-invoicing platform for banks and service providers. The tools allow SME bank clients to send, view, process, and pay their invoices within the bank’s online interface. Charlie-India demoed at FinovateEurope 2018.
  • Tradeshift offers an e-invoicing service that connects companies with suppliers, customers and partners. Among the applications available on the platform are e-invoicing, electronic purchase orders, and automated document validation. Tradeshift demoed at FinovateEurope 2012.

Paper-free mortgages

Mortgage technology is one of the last frontiers in fintech. Regulation and oversight have made the home-buying process somewhat resistant to disruption. In the past few years, however, we’ve seen a handful of startups working to digitize the mortgage process, removing the need for hundreds of sheets of paper required to close a home loan.

  • Namaste Credit is an India-based startup that serves as an online marketplace for mortgage loans. The service connects borrowers with relevant lenders to help them find the loan that best suits their circumstance. Namaste Credit demoed at FinovateFall 2018.
  • Tavant Technologies offers VELOX, a suite of digital products ranging from searching for a home to closing on the loan. VELOX completely automates the process, making compliance more efficient and reducing the need for paper. Tavant Technologies demoed at FinovateSpring 2017.
  • Roostify seeks to give consumers a better way to find and purchase a home. The company’s digital platform offers everything from digital customer onboarding to transparent, digital fulfillment to help lenders offer their clients a more efficient mortgage borrowing experience. Roostify demoed at FinovateSpring 2018.h

Digital receipt printing

Many retailers ask customers if they want to keep their receipt, but even if the answer is “no” the cashier still prints the receipt and throws it in the trash behind the counter. Digital receipt printing eliminates both the paper– and the awkward line of questioning– all together by sending the customer an email receipt.

  • Dream Payments’ cloud-based platform offers a mobile POS device that not only accepts debit and credit cards, but also provides analytics, reports, and gives customers digital receipts. Dream Payments demoed at FinovateSpring 2015.
  • CardFlight offers an API that allows merchants to accept online and offline payments within their own app. The company’s encrypted mobile magstripe reader, combined with its API, offer flexibility while keeping payments– and receipts– digital. CardFlight demoed at FinovateSpring 2013.
  • ShopKeep’s POS technology takes a merchant’s cash register to an iPad. The register accepts a range of payments, from magstripe, to EMV, to Apple Pay; plus provides inventory management tools and purchase reporting analytics. The company’s mobile checkout flow also offers a paper-free, email receipt option. ShopKeep demoed at FinovateFall 2012.

Paperless onboarding

Considered a must for millennials, paperless onboarding not only speeds up the application process, it also reduces errors, eases compliance, and eliminates the need for in-person bank visits.

  • Five Degrees specializes in core banking technology. The company’s Matrix offering helps banks provide SMEs a fully automated, paperless loan onboarding experience. The paperless process lowers cost for both parties while expediting funds. Five Degrees demoed at FinovateAsia 2017.
  • Quadient, formerly GMC Software, helps organizations create a better customer experience. The company’s Mobile Advantage solution is an omni-channel tool that offers digital statements and billing, paperless onboarding, and client e-signature. In addition to improving the customer experience, this combination speeds up workflows and reduces error. Quadient demoed at FinovateFall 2017.
  • Mitek combines digital onboarding with identity verification tools. The company helps banks authenticate an applicant’s ID document and combines this with additional identifying paperwork. The supplemental documents not only verify the customer’s identity, but also provide additional information that can be used in loan underwriting to create a more complete picture of the applicant’s financial state. Mitek demoed at FinovateFall 2017.


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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Avoka, Experian, First Data, InComm, Open Bank Project, PayPal, ShopKeep POS, Tavant, Temenos

On Finovate.com

  • Temenos Acquires Avoka in $245 Million Deal.
  • More Than $400 Million Raised by 19 Alums in Q3 2018.
  • ShopKeep Closes $65 Million to Boost Small Business Financing Tool.

Around the web

  • The Open Bank Project wins Best Technology Provider for Open API Standards at Global Open Banking Awards.
  • InComm partners with Revolut to offer their prepaid cards at U.K. retail chain wilko.
  • U.K.’s Experian to buy Africa’s Compuscan.
  • First Data and China CITIC Bank International to join forces with launch of new merchant acquiring solutions.
  • PayPal launches Xoom International money transfer in Canada.
  • Docutech and Tavant integrate for digitally-focused loan origination process.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Tavant Technologies Powers New Personalized Mortgage POS System from Ditech

Tavant Technologies Powers New Personalized Mortgage POS System from Ditech
By David Penn Posted on
Categories: Tavant

Technology from Tavant is playing a role in the comeback of mortgage lender Ditech.

Having completed a financial restructuring that helped bring it out of Chapter 11 bankruptcy in February, Ditech has unveiled a mortgage point of sale solution geared toward Millennial and Generation Z borrowers. The new technology was developed as part of a joint effort between Ditech’s own in-house team and Tavant Technologies, with its digital lending platform, VELOX.

“Tavant is excited to partner with Ditech in an effort to provide a game-changing experience to customers and partners,” Tavant Chief Revenue Officer Hassan Rashid said. “The collaboration brought to life a system that is powered by VELOX and customized for Ditech’s needs based on customer journeys and workflows created by its Innovation Lab.”

Founded in 1958, Ditech Holdings is a Fort Washington, Pennsylvania-based independent servicer and originator of mortgage loans, as well as a reverse mortgage loan servicer. With 3,700 employees, the company trades on the New York Stock Exchange under the ticker “DHCP” and has a market capitalization of $27 million.

“We have been extremely focused on transforming our organization’s customer experience through the adaption of digital solutions that entice the next generation of borrowers, including Millennials and Generation Z.” Ditech Chief Operating Officer Ritesh Chaturbedi said. “Our new system, built on the Tavant VELO platform, is expected to allow for a harmonious, omni-channel experience that will drive trust with customers.”

Tavant’s partnership news comes just days after the company announced another collaboration, this time working with ComplianceEase, an automated compliance solutions provider. The company will integrate with Tavant’s VELOX technology to improve the digital experience for borrowers and make it easier for lenders to close loans. Tavant teamed up with Freddie Mac in May to enable one-click submission of loan data to Freddie Mac’s automated underwriting system. That same month, Factual Data, a major U.S. credit and data validation services provider to the mortgage industry, announced credit integration with Tavant’s VELOX solution.

Headquartered in Santa Clara, California, Tavant Technologies demonstrated its VELOX at FinovateSpring 2017. The VELOX product suite consists of four elements: FinXperience, a suite of portals and companion mobile apps; FinCapture, an autonomous document ingestion platform; FinConnect, a modern mortgage data and services hub; and FinSight, an analytics engine for predictive insights.

Tavant Technologies was founded in 2000. Sarvesh Mahesh is CEO.

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Finovate Alumni News

By David Penn Posted on
Categories: BlueVine, Coinbase, CurrencyFair, FIS, Gusto, Kofax, Prosper, Tavant, Thomson Reuters

On Finovate.com

  • Microsoft, Nationwide Invest $12 Million in SME Lender BlueVine.
  • Gusto Brings in $140 Million, Doubling Valuation to $2 Billion.
  • Tavant Technologies Powers New Personalized Mortgage POS System from Ditech.

Around the web

  • Coinbase taps Jeff Horowitz as its next Chief Compliance Officer.
  • Thomson Reuters announces strategic partnership with global cryptocurrency market data aggregator, CryptoCompare.
  • FIS and blockchain platform Billon sign letter of intent to pursue joint product development.
  • Prosper surpasses 1 million loans have been originated, totaling about $13 billion.
  • Kofax enters sales agreement with JIEC to deliver RPA and digital transformation solutions.
  • CurrencyFair surpasses milestone: €7 billion traded.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Tavant Teams with Freddie Mac

Tavant Teams with Freddie Mac
By Julie Muhn (@julieschicktanz) Posted on
Categories: Tavant

A new partnership between digital mortgagetech solutions company Tavant and Freddie Mac is aiming to simplify loan data submission.

This week, the two are collaborating on the launch of a one-click submission for Freddie Mac’s automated underwriting system, Loan Product Advisor. The new tool leverages machine learning to enable lenders to submit loan data to both Fannie Mae and Freddie Mac in a single click and quickly receive a list of borrower options.

“We are enabling mortgage lenders to thrive in the digital era. Our partnership with Freddie Mac will increase productivity, improve accuracy in the loan decisioning and underwriting process and reduce the overall origination cycle time. It provides intelligent support throughout the loan lifecycle and reduces the overall cost of loan origination,” said Hassan Rashid, CRO of Tavant.

To kick off the partnership, California-based Tavant will pilot the new tool with four unnamed lenders. The company demoed VELOX, an AI-powered digital lending product that offers an omnichannel, end-to-end experience for mortgages, at FinovateSpring 2017. Founded in 2000, Tavant employs more than 2,500 people who serve customers across North America, Europe, and Asia-Pacific.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Finastra, Malauzai, Risk Ident, SplitIt, Tavant, Zuma

On Finovate.com

  • Splitit expands payment options with debit card installments.

Around the web

  • Exela launches Zuma, a new invoice financing platform.
  • Tavant receives HousingWire Tech 100 Award.
  • Horicon Bank teams up with Finastra and Malauzai to launch new digital banking platform.
  • RISK IDENT wins top spot for anti-fraud transaction security at the 2018 FinTech Breakthrough Awards.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AApay Technology, Blackhawk Network, BLUERUSH, Chain.com, Fidor Bank, Strands, Tavant, Temenos, Tink, TransferWise

On Finovate.com

  • Tink Receives $16.5 Million in Funding, Announces Expansion, New Clients.
  • BLUERUSH Raises $1.3 Million in New Funding.

Around the web:

  • Blackhawk Network appoints Charles O. Garner as Chief Financial Officer.
  • Tavant enabling digital mortgage experience for goodmortgage.com.
  • TechCrunch: TransferWise changes fees for GBP transfers, introduces complicated flat transaction fees.
  • Chain.com announces a new service called Sequence, a cloud-based ledger service for managing balances in financial and commerce apps.
  • Fidor partners with Eight to jointly design the customer experience for Fidor’s  financial services marketplace.
  • Temenos and Abu Dhabi Global Market announce fintech collaboration.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News

By David Penn Posted on
Categories: Avoka, Blackhawk Network, CashStar, Jumio, Jwaala, Ondot Systems, Payment Ninja, PayPal, Personal Capital, Plaid, Tavant, Temenos

On Finovate.com

  • Avoka Reports Record Growth for Second Consecutive Year.
  • Blackhawk Network Acquires CashStar in $175 Million Deal.
  • Temenos to Power Cloud-Based Lifecycle Management Suite for Baxter Credit Union

Around the web

  • Jumio partners with Plynk to bring instant verification to Europe’s first money messaging app.
  • Alaska USA FCU chooses Ignite platform from banking solutions provider Jwaala.
  • Ondot Systems joins Symitar Vendor Integration Program (VIP).
  • Tavant Selected by Newfi Lending To Provide Next-Generation Digital Platform.
  • Plaid delivers bank account integration to enterprise developers.
  • Personal Capital Reaches $5 Billion in Assets Under Management.
  • PayPal launches Mastercard– it’s first cashback credit card offering.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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