Boston, October 1, 2024 – Well known for its developing advanced analytics solutions for the financial services sector, Earnix is introducing an innovative platform featuring pricing analytics and automated credit risk decisions.
Such an improved platform is expected to enable organizations to optimize their decision-making processes regarding not only their pricing strategies but their credit risk management as well.
The advanced system guarantees to enhance the current methods used for risk assessment and pricing arrangements in businesses through the thorough remodeling of multiform data into a single system.
Automating the physical processes that the platform offered in the past leads to better accuracy and completeness and the ability to utilize data to reach conclusions in a more factual and faster manner.
“This solution has successfully combined analytics and automation to the advantage of organizations in today’s business environment,” said Udi Ziv, CEO of Earnix. “Our algorithms incorporate innovation management carbon by making use of AI that can improve pricing and internal risk managers at the same time.”
The growing dependence of financial institutions on data has posed several concerns with how this platform intends to target those concerns in relation to improving pricing while at the same time ensuring credit risk limits are maintained.
It is expected that Earnix’s AI functionality will enable cheaper manual input as well as allow for the provision of faster and more trustworthy information. However, non-banking financial companies would not only reduce their operational efficiency but also provide more relevant and accurate solutions to the customers enhancing their experiences.
Industry experts have already embraced the platform’s technology as revolutionary and have made forecasts for it to be quickly embraced by myriad sectors in the finance division.
Nevertheless, an official announcement has not ported anyone’s attention towards a date for launch; the platform forecasted will be a central instrument for institutions intending to improve their pricing strategies and control credit risks.
As Earnix advances its strategy on artificial intelligence-centered products for the financial industry, further news related to the geopolitics of the platform is likely to happen in the following months.
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