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Micronotes launched Prescreen Purchase, a device to assist neighborhood monetary establishments attain and purchase new clients.
Prescreen Purchase’s algorithms leverage massive information to seek out creditworthy clients in geographical areas lenders are looking for to achieve.
Prescreen Purchase is added to Micronotes’ different merchandise, together with Cross-Promote, and Digital Prescreen.
Digital engagement options supplier Micronotes has launched Prescreen Purchase, a platform to assist neighborhood monetary establishments (CFIs) purchase new clients and members.
The brand new know-how gives FCRA-compliant credit score provides which are customized to clients’ monetary wants. To provide you with probably the most related provides, Prescreen Purchase leverages 230 million client credit score data, pulling credit score, e-mail, and junk mail information and supply information.
The platform combines this massive information set with the CFI’s underwriting standards, fee sheets, and the geographical area they wish to goal. Prescreen Purchase’s algorithms are in a position to make use of this data to accumulate new, creditworthy clients that CFIs need to attain.
Boston-based Micronotes was based in 2008 and is privately held. The corporate’s applied sciences leverage AI, massive information, and machine studying to assist monetary establishments use their information to raised have interaction their clients, foster involvement, and in the end construct new income.
Micronotes’ different merchandise embody Cross-Promote, which helps CFIs leverage bank-held information to cross-sell new merchandise utilizing micro-interviews, and Digital Prescreen, which delivers customized credit score provides to clients who maintain debt at a competing establishment.
Based in 2008, the corporate has raised a complete of $23.3 million, together with a $2 million Collection C extension it closed final month. Devon Kinkead is Founder and CEO.
Photograph by Andrea Piacquadio
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