Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: Informed automates consumer loan verifications for lenders using AI. Our software-as-a-service is used by the nation’s largest financial institutions, including Ally Bank and Westlake Financial, to fund in real-time with greater accuracy. Our AI analyzes credit applications and verifies all supporting documents in loan jackets. Each month we automate verification for over 100,000 applicants, turning documents and data into decisions in seconds per our lenders’ policies. We do so with 99% accuracy and regularly backtest against the 25 million records that we have upon file this contributory database that we maintain for the industry.

How they describe their product/innovation: Informed automates consumer loan verifications for lenders using AI. Our software-as-a-service is used by the nation’s largest financial institutions, including Ally Bank and Westlake Financial, to fund in real-time with greater accuracy. Our AI analyzes credit applications and verifies all supporting documents in loan jackets. Each month we automate verifications for over 100,000 applicants, turning documents and data into decisions in seconds per our lenders’ policies. We do so with 99% accuracy and regularly backtest against the 25 million records that we have upon file this contributory database that we maintain for the industry.

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

Contacts

Bus. Dev. & Press: Justin Wickett, CEO & Co-Founder, justin.wickett@informed.iq