Micronotes launched Prescreen Purchase, a device to assist neighborhood monetary establishments attain and purchase new prospects.
Prescreen Purchase’s algorithms leverage huge knowledge to seek out creditworthy prospects 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 prospects and members.
The brand new expertise gives FCRA-compliant credit score gives which are personalised to prospects’ monetary wants. To provide you with probably the most related gives, Prescreen Purchase leverages 230 million client credit score information, pulling credit score, e mail, and junk mail knowledge and supply knowledge.
The platform combines this huge knowledge set with the CFI’s underwriting standards, charge sheets, and the geographical area they need to goal. Prescreen Purchase’s algorithms are in a position to make use of this info to amass new, creditworthy prospects that CFIs need to attain.
Boston-based Micronotes was based in 2008 and is privately held. The corporate’s applied sciences leverage AI, huge knowledge, and machine studying to assist monetary establishments use their knowledge to raised have interaction their prospects, foster involvement, and in the end construct new income.
Micronotes’ different merchandise embrace Cross-Promote, which helps CFIs leverage bank-held knowledge to cross-sell new merchandise utilizing micro-interviews, and Digital Prescreen, which delivers personalised credit score gives to prospects 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 Sequence C extension it closed final month. Devon Kinkead is Founder and CEO.
Picture by Andrea Piacquadio