Akur8, the insurance pricing solution powered by transparent machine learning, is excited to announce its recent collaboration with Louisiana Workers’ Compensation Corporation (LWCC), Louisiana’s largest workers’ compensation carrier, dedicated to excellence in execution from underwriting to life-long care of an injured worker. LWCC has selected… Read More
Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world’s leading enterprises to Build for Change, announced that Shawbrook, a UK-based specialist savings and lending bank, has deployed Pega Platform “to transform its buy-to-let mortgage underwriting process.” Shawbrook continues to “invest in its unique… Read More
Prism Data, a cash flow underwriting and data analytics platform, announced today that it has raised $5 million in seed funding. This investment round was reportedly “led by Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.” Prism’s new funding follows “a… Read More
Alloy, the identity risk management company, is expanding its credit underwriting capabilities to support banks, fintechs, and other builders of financial products in managing their holistic credit risk. In a challenging macro-environment, Alloy enables lenders to “make smarter credit decisions, capture default risk, and increase… Read More
Quantiphi, an Al-first digital engineering company, announced the launch of its AI-led Intelligent Underwriting Platform (AiUP), which will be “included in Google Cloud’s Industry Value Network (IVN) solutions and combines the power of Dociphi, Quantiphi’s intelligent document processing platform,” Unqork‘s codeless platform and Google Cloud’s… Read More
Clear Capital, the national real estate valuation technology company, announced a partnership with LenderX, a real-estate valuations SaaS provider, “to deliver its lenders access to AURA, Clear Capital’s automated collateral underwriting solution.” LenderX is the first Clear Capital partner “to provide lenders with access to… Read More
Everest Re Group, Ltd. (NYSE: RE), a global underwriting firm providing property, casualty, and specialty reinsurance and insurance solutions, announced that Ricardo Anzaldua has “been appointed Executive Vice President and Group General Counsel, effective June 12, 2023.” Mr. Anzaldua will “report to President and CEO… Read More
CAPE Analytics, which claims to be the leader in AI-powered geospatial property intelligence, announced its integration with insurance carrier American National in order to enhance its risk management and underwriting processes “by leveraging CAPE property insights.” Working with CAPE geospatial property insights will “allow American… Read More
Liberate Innovations Inc., a software-as-a-service (SaaS) platform that enables P&C insurers to fully automate claims and underwriting journeys, announced its launch “after raising $7 million in venture funding.” The platform “empowers insurers to deliver digital self-serve experiences and orchestrate an ecosystem of solutions providers and… Read More
Nationwide announced a partnership with Human API, a health data platform, to improve the life insurance buying experience “by maximizing the use of digital health data to accelerate the underwriting process.” Human API’s Health Intelligence Platform “connects electronic health data from thousands of sources in… Read More
Zest AI, which claims to be the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced that the company has “raised over $50 million in a new growth round.” The investment round was “co-led by existing global software investor… Read More
Codat, the universal API for small business data, announced a partnership with nCino (NASDAQ: NCNO), the worldwide specialist in cloud banking, “to automate and accelerate banks’ ability to underwrite small business loans around the world.” nCino’s solution significantly “reduces the time it takes banks to… Read More
Lokyata, a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, has released a number of platform enhancements “to help lenders further automate loan decisioning to save time, minimize manual work, standardize processes, and improve underwriting performance.” The company “sees particular… Read More
Global AI-enhanced credit decision platform provider Scienaptic AI recently announced that Levo Credit Union, a 30,000 member strong credit union serving the South Dakota region, “is live on its platform.” Scienaptic’s platform will “allow Levo to increase approval rates, augment its credit decisioning process and… Read More
Thincats, a UK-based lending platform, explains that their expertise in SME lending is the product of “a detailed manual underwriting process combined with market-leading data.” Because of their sharp focus on mid-sized SMEs, ThinCats claims that they have “continually invested in making sure [they] have… Read More
During this month’s installment of “Did you know” by P2P lender Blend Network, they’re sharing some of the “secrets” of their due diligence and underwriting process so that you get to know more about the processes they go through to “ensure that you and hundreds… Read More
iPipeline, a provider of low code / no code content-enabled digital solutions and services to the financial services sector, reveals that global reinsurance company, PartnerRe, has decided to adopt the iPipeline’s SSG Digital® Platform in order to expand its international protection portfolio. As mentioned in… Read More
Proptech platform LendInvest notes that its founders began operations in response to a UK mortgage market that’s “fundamentally broken.” The LendInvest team points out that for many years, it’s been a market mostly dominated by banking institutions, and acquiring a mortgage can be one of… Read More
Insurtech startup Zesty.ai has recently formed a new partnership with Aon plc (NYSE:AON), a global professional services firm providing a broad range of risk, retirement and health solutions, to enhance insurers’ underwriting through access to more than 130 billion data points on buildings and their… Read More
Real estate crowdfunding platform RealtyMogul announced on Monday it has sold a machine learning and artificial intelligence loan underwriting tool to Hunt Real Estate Capital. According to RealtyMogul, Hunt Real Estate Capital plans to deploy the tool across its commercial real estate lending business. While sharing details… Read More
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