Point Predictive Inc., the San Diego-based company that provides artificial intelligence solutions to lenders, announced its strategic partnership with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions. MeridianLink is integrating Point Predictive’s Artificial + Natural Intelligence™ solutions to provide MeridianLink customers with additional data to use in the loan underwriting process to increase operational efficiency and streamline the auto lending experience.
“We’ve partnered with MeridianLink to greatly enhance the automation and efficiency of the auto lending process,” said Tim Grace, CEO of Point Predictive. “We offer the only AI-based solutions that leverage data from a consortium of leading auto lenders to streamline the loan approval and funding process while protecting lenders from not only identity fraud, but all five types of lending fraud: income misrepresentation, employment misrepresentation, identity, collateral and straw borrower. With our solutions, MeridianLink customers will be able to minimize losses, accelerate loan throughput, and increase loan origination rates. We are thrilled to be a part of MeridianLink’s Partner Marketplace, designed to improve the entire digital lending experience.”
For Point Predictive, the strategic partnership with MeridianLink is growing proof that shared data, intelligence and AI is the future of auto lending digital transformation and fraud and risk mitigation.
“Since the beginning, we have been a leader at adapting to change with unique, innovative lending solutions, and Point Predictive follows that same approach,” said Chris Maloof, chief product officer of MeridianLink. “This partnership is another example of the quality offerings within our Partner Marketplace and it will help the lenders we serve automate and accelerate their processes during financial transactions.”
“We are thrilled to provide best in class fraud detection paired with improved automation, so lenders can operate faster and more efficiently while also identifying more cases of fraud before loans are booked,” says Andrew Stamps, Director of Partnerships at Point Predictive. “Because of our seamless integration with MeridianLink, it will be very easy to activate our solutions and immediately help lenders.”
About Point Predictive Inc.
Point Predictive powers a new level of lending confidence and speed through the unique combination of artificial and natural intelligence using decades of risk management expertise. The company’s technology solutions quickly and accurately identify who is reporting truthfully on their loan applications