Breaking News
Amount Selects ValidiFI to Enhance Digital Origination Solutions
Amount, a leader in consumer and small business deposit account opening and loan origination software, has selected ValidiFI, the leading provider of predictive bank account and payment intelligence, to enhance its digital origination capabilities. By integrating ValidiFI’s cutting-edge solutions with Amount’s powerful SaaS platform, the partnership aims to provide financial institutions (FIs) with even more robust, cloud-first technology to improve lending decisions.
Amount, known for its AI-powered cognitive decision engine and cloud-first architecture, helps lenders build or upgrade their digital presence. Amount clients include FIs collectively managing just over $3.1T in U.S. assets and servicing more than 50 million U.S. consumers. Through this partnership, Amount will leverage ValidiFI’s comprehensive data network, which includes data from key bank sources that maximizes coverage, for the validation and authentication of bank accounts.
ValidiFI’s frictionless instant bank account validation for both consumers and businesses, includes authentication of ownership with fraud signals. Amount will leverage ValidiFI’s extensive data resources to enhance the decision-making process for ACH payment enrollment and streamline bank account enrollment workflows. Together, the companies aim to enroll more customer accounts in real-time while stopping scams, mule accounts, and fraud.
“ValidiFI’s ability to provide reliable, real-time data aligns perfectly with Amount’s mission to empower FI’s with next-generation technology,” said Kevin Trilli, Chief Product and Technology Officer at Amount. “This partnership will allow our clients to make better decisions, faster, with even more comprehensive data.”
ValidiFI CEO John Gordon commented, “We’re thrilled to collaborate with Amount, a leader in the digital transformation of financial services. ValidiFI’s expansive data network will provide FIs with more accurate, real-time insights to improve their decisioning processes.”
The collaboration is expected to deliver enhanced customer experiences, more efficient digital origination, and a significant competitive advantage in the fast-evolving financial sector.
- Nuvo and Avalara Launch AI Integration to Eliminate Tax Compliance Gaps and Accelerate B2B Customer Onboarding Read more
- Lumin Digital Unveils Lumin Solaire, an AI-Native Intelligence Layer Embedded In Its Compounding Growth Platform Read more
- Sturgis Bank Partners with MANTL to Transform Business and Retail Account Opening Across All Banking Channel Read more
- Redbridge: Visa’s Commercial Enhanced Data Program (CEDP) – What Merchants Are Really Facing Read more
- TSAM London: FE fundinfo on Mastering Data and Unifying Operations in Asset Management Read more
