Rapid Finance Selected To Demo Business Lending Platform, Lynx, At Finovatefall

Lynx integrates enterprise historical data with network and third-party data sources, helps financial companies mitigate fraud and maximize conversion for consumer and small business financial onboarding

BETHESDA, Md.--(BUSINESS WIRE)--Rapid Finance, a leading small business financing platform specializing in providing customized solutions, is scheduled to demo its AI-ready data aggregation and assimilation platform, Lynx, at the upcoming FinovateFall conference on Monday, Sept. 9^th at 12:06pm ET.

During the demo, Rapid Finance’s Will Tumulty, CEO, and Preethi Janardhanan, vice president of client solutions, will showcase the recently enhanced Lynx platform and its ability to transform raw data into actionable insights to provide financial companies with a comprehensive and real-time view of their applicants and customers. Harnessing the power of pattern-matching AI algorithms and applying it to an enterprise’s historical client interactions, Lynx is designed to aggregate enterprises’ siloed datasets into an organized structure to provide real-time actionable insights to front line users in underwriting, sales and collections.

Built with a modular, cloud-native, API and GUI design, Lynx seamlessly integrates with existing systems to validate, enrich and compare new customer applications with a vast database of historical data, allowing financial companies to drive more efficient and intelligent decisions. One of the standout features of Lynx is its ability to house and continually update clean, structured data, which can be directly exported to support AI modeling efforts.

The demonstration will highlight several key use cases, including how Lynx identifies hard to detect fraudulent applications through data linkages, enhances customer experience by recognizing returning clients and supports recovery efforts by flagging applications linked to previously written-off loans.

“Every business today is sitting on a goldmine of data, but few are able to fully leverage it to improve operations and drive profitability," said Tumulty. "With Lynx, we've built a platform that uncovers actionable insights that empower financial companies to make better decisions, create healthier portfolios and serve their customers more effectively. We look forward to demoing at Finovate to share how Rapid Finance is unlocking the full potential of customer data to mitigate fraud and drive efficiencies in the financial arena.”

About Rapid Finance

Since 2005, Rapid Finance has been supporting the growth and success of small businesses across the U.S. Powered by a thoughtful combination of technology, speed and deep industry expertise, Rapid Finance provides modular, flexible and scalable financing solutions to small businesses, as well as Lending-as-a-Service solutions customized to meet enterprise clients’ needs. Learn more at www.rapidfinance.com.

Contacts

Augusta Bauknight
For Rapid Finance
678-781-7214
augusta@williammills.com

Alex Arango
For Rapid Finance
912-429-9942
alex@williammills.com

First published on Tue, Aug 27, 2024

Enjoyed what you read? Great news – there’s a lot more to explore!

Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!

Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.

Head to the TechDogs homepage to Know Your World of technology today!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs' site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

financial technology data aggregation fraud detection customer onboarding AI machine learning fintech

Join The Discussion

Financial Technology