While machine learning (ML) and automation are helping to fight financial crimes like fraud and money laundering, there’s still plenty of room for improvement. Since the onset of the pandemic, anecdotally, there’s been “a huge uptick” in first-party financial fraud, or fraud perpetrated not under false identities, said Sandip Nayak, chief strategy and artificial intelligence …
Banks and fintechs are working to help small businesses overcome the great resignation by providing capital to fund bonuses and higher wages. “The best way to attract employees is through compensation,” said Kathryn Petralia, co-founder of Kabbage. “And it’s expensive to pay people more than you were paying before. Whether it’s the smallest business …
After almost a month in service, Linear Financial Technologies has seen success with its machine learning fraud detection program, Linear Defense. The technology is used to help prevent fraud in all stages of small business lending. “Since launching Linear Defense last month, market feedback has been very positive,” said Sandip Nayak, Chief Strategy & AI …
Linear Defense is an AI-based fraud detection solution that enables financial institutions and other companies that onboard consumers and SMBs to be more cost efficient in underwriting fraud risk and to minimize lost business opportunities for new customer relationships. NEW YORK, Nov. 16, 2021 /PRNewswire/ — Linear Financial Technologies, the market leader in digital account origination technology and …
Fintech Linear lists improvements in equity, efficiency With new research finding racial disparities in small business lending, one fintech is examining how artificial intelligence (AI) and automation can help improve fairness and reduce inefficiency that may be present in traditional lending processes. Bank Automation News spoke with Sandip Nayak, chief strategy and artificial intelligence officer …
Brian Geary, President of Linear Financial Technologies, the market leader in digital account origination technology and insights for financial institutions, B2B vendors, and SMB service providers. Linear is a market leading platform in SMB digital lending infrastructure with deeply integrated relationships with clients rapidly working with banks across the country to help expedite the loan …
The small business lending arena saw a flash of innovation towards the latter end of the aughts, fueled by a pullback from big bank lenders in the wake of the financial crisis. The B2B FinTech boom led to a wave of both competition and collaboration, creating new avenues to connect businesses to capital. Today, it …
In this episode the host John Siracusa chats remotely with Sam Graziano, Co-founder & CEO at Linear Financial Technologies. Linear Financial Technologies is a digital account origination and insights platform serving business banking and adjacent markets. The company serves a wide range of industry verticals such as financial institutions, B2B vendors, and SMB service providers through the brand names Linear, …
The nearly $750 million in Paycheck Protection Program loans disbursed over the last year provided an essential lifeline to millions of businesses and delivered an enormous benefit to the economy by preserving economic stability within the small business sector – the segment of our economy that employs more Americans than any other. This enormous infusion of capital into small businesses …
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