Tavant Partners with Hay Group as it Expands into Australia
SANTA CLARA, Calif. / SURRY HILLS, Australia, May 27, 2021 Tavant, a Silicon Valley-based provider of AI-powered digital technologies, today announced it has entered into a strategic alliance with Hay Group, an Australian fintech provider, to deliver the full payment and lending spectrum of capabilities to the Australian financial market. Tavant’s end-to-end digital lending suite, VΞLOX, will now be integrated with Hay’s cloud-embedded finance platform, which seamlessly integrates digital banking services into any customer journey. This joint solution will provide extraordinary, AI-powered financial experiences for lending and banking end-users in the Australian financial marketplace. Hay provides an “as a service” embedded finance platform (HaaS), enabling any business to complement their existing product offerings with seamless financial solutions, simultaneously improving customer experience and creating additional revenue sources. HaaS technology and product teams bring together experience in high-frequency trading from the hedge fund to the payments industry. Through their ecosystem, financial and non-financial businesses can control a full suite of services, including core banking, card issuing, processing, recs, AML/CTF, real-time fraud monitoring, digital wallets, and more. The flexibility to integrate and control one or all of these core services comes from utilizing a single, modern universal API layer to access HaaS’s pure microservices. Tavant VΞLOX enhances productivity, efficiency, and accuracy for more than 65% of the top financial institutions across the United States. As the industry’s leading AI-powered digital suite of lending products, VΞLOX maximizes the use of data-driven processes in the automation of the loan origination lifecycle, providing an intuitive omnichannel experience and quick execution from home discovery to loan funding. VΞLOX deploys Artificial Intelligence (AI) and Machine Learning (ML) algorithms to provide an immersive journey for each stakeholder in the lending ecosystem. The digital platform is fully customizable and is designed to transform the home lending process by significantly shortening the loan processing time, boosting productivity, and reducing origination costs. Andrew Laycock, Hay Group CEO, believes this strategic alliance with Tavant will disrupt the Australian financial industry. “We are excited to see one of the largest lending platforms in the world select Hay’s embedded finance platform to enable our customers to offer a full 360-degree lending solution. HaaS allows Tavant to fully integrate into the Australian payment networks, creating a one-stop-shop for building a world-class lending product.” According to Sarvesh Mahesh, CEO at Tavant, Hay’s immense financial market expertise in Australia will match perfectly with Tavant’s AI-driven lending capabilities. “Together, we are merging the best-of-breed capabilities of two fintech giants, one in the lending space and one in the banking space, to deliver a complete, end-to-end solution for end-users who need an intuitive, integrated platform for all their banking and lending needs.” Hay leverages more than several decades of financial and engineering expertise to allow firms to seamlessly integrate digital banking and lending services into any customer journey. Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four loans in the United States. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow. Find Tavant on LinkedIn and Twitter. About Hay Group Headquartered in Surry Hills, Sydney, Hay is a fintech company building extraordinary embedded financial experiences. We believe the future of finance does not start and end with digital banking, but the seamless integration of these services into any customer journey. Visit us at https://www.haas.co Find Hay on LinkedIn Headquartered in Surry Hills, Sydney, Hay is a fintech company building extraordinary embedded financial experiences. We believe the future of finance does not start and end with digital banking, but the seamless integration of these services into any customer journey. Visit us at https://www.haas.co Contacts For Hay: Alex Lloyd [email protected] (+61) 428.408.694 For Tavant: Anna Stanley [email protected] 251.517.7857
Tavant and Truterra Deepen Strategic Partnership for Connected Agtech Platform
SANTA CLARA, Calif., February 9, 2021 Tavant, a leading digital products and solutions company, today announced a strategic alliance with Truterra, LLC (formerly Land O’Lakes SUSTAIN) to help expand sustainability management practices while increasing on-farm profitability. Tavant will support Truterra on the next evolution of its Agtech platform, called Truterra™ Insights Engine, which will include both integrations with Microsoft FarmBeats and soil analytics for advanced agronomic insights. The Truterra Insights Engine leverages technical capabilities and agronomic expertise from trusted agronomic and conservation sources to boost the value of a stewardship across the supply chain. It seamlessly integrates satellite and sensor-derived data and AI-based modeling and analytics techniques. “America’s farmers face an increasing number of obstacles that are beyond their control, including extreme weather events and volatile commodity markets,” said Jason Weller, Vice President of Truterra. “By leveraging AI, sensors, IoT analytics, and the Azure platform, we expect to help farmers better manage for these risks while taking take transparency and accountability across the food supply chain to the next.” Added Weller, “We are thrilled to work with Tavant as they never fail to deliver higher levels of efficiency while ensuring a positive customer experience at every level. This collaboration will help us to accelerate the pace of our digital transformation initiatives.” “Data-driven agriculture and predictive analytics provide timely and granular decision-making. However, powerful data modeling in agriculture requires combining high-quality data from sensors with extensively available data from weather and satellite sources to increase the scale and accuracy of predictions. Our continued partnership with Truterra is a giant leap towards ensuring that farmers receive these insights in the flawless customer experience that has become the Tavant standard,” said Vikas Khosla, Executive Vice President, Tavant. “We are happy to support Truterra’ s vision in these digital transformation initiatives in the global agriculture industry. Together, we intend to bring the benefits of data & analytics to farming.” added Khosla. About Truterra, LLC Truterra (formerly Land O’Lakes SUSTAIN) is a leading stewardship solutions provider, advancing and connecting sustainability efforts throughout the food system with scale – from farmers to ag retailers to partners like food companies. Truterra positions farmers for success by providing them tools and resources to establish stewardship baseline and track progress on every field they farm. The Truterra™ network brings together the best in agricultural technology and on-farm business management to drive sustainability across the food system, feeding people, safeguarding the planet and supporting farmer livelihoods. Truterra was launched in 2016 by Land O’Lakes, Inc., a member-owned cooperative that spans the spectrum from agricultural production to consumer foods. Find Tavant on LinkedIn and Twitter.
Tavant Enables Kubota to Leverage AI to Accelerate Digital Transformation
SANTA CLARA, Calif., Jan 7, 2021 Tavant, a leading digital products and solutions company, today announced the implementation of AI-powered Tavant Manufacturing Analytics Platform (TMAP) at Kubota Tractor Corporation, a leading manufacturer of machinery equipment. The platform powers the Kubota Quality System (K-QA) to track equipment field defects. The new K-QA system predicts QA codes using AI, ensuring better data quality and greater accuracy in identifying the issues so that they can be resolved faster. The systems are now delivering an accuracy of over 93%. TMAP uses advanced artificial intelligence to generate actionable insights and exposes them with APIs for direct consumption in other systems. TMAP enables manufacturers to achieve cost leadership by improving their aftermarket operational efficiency and to increase revenue by leveraging the latest innovations in data analytics. TMAP KPIs leverage machine learning algorithms to adapt to environmental and process changes. In addition, this solution leverages Tavant’s comprehensive MLOps methodology for the end-to-end automation of the machine learning pipeline. “We are delighted to expand our partnership with Tavant, reflecting our confidence in the company’s strong artificial intelligence capabilities. K-QA now brings a whole new level of accuracy and allows Kubota to find and fix issues faster than ever. The solution also provides warranty analysts and QA engineers insights and powerful tools to look inside the data for emerging trends, root cause analysis, and validation of countermeasures. Overall, the solution is a monumental achievement and provides a lot of value to Kubota, its dealers, and customers,” said Cristoph Nathan, Senior Director, Kubota. “AI-Powered TMAP helps manufacturers unleash the latent information in their data and deliver actionable business insights and predictions. The expansion of our collaboration with an industry leader such as Kubota is a testament to our unwavering commitment, data-driven mindset, and digital capabilities,” said Atul Varshneya, VP of Artificial Intelligence, Tavant. About Kubota Tractor Corporation Kubota Tractor Corporation, Grapevine, Texas, is the U.S. marketer and distributor of Kubota-engineered and manufactured machinery and equipment, including a complete line of tractors of up to 170 Gross hp, performance-matched implements, compact and utility-class construction equipment, consumer lawn and garden equipment, hay tools and spreaders, commercial turf products and utility vehicles. For product literature or dealer locations, contact: Kubota Tractor Corporation, 1000 Kubota Drive, Grapevine, TX 76051, (888) 4-KUBOTA [(888) 458-2682], Ext. 900, or visit https://www.kubota.com/. Find Tavant on LinkedIn and Twitter. Contacts Vibhor Mishra Tavant 866-9-TAVANT [email protected]
Tavant Announces FinConnect on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace
SANTA CLARA, Calif., Jan. 5. 2021 Tavant today announced it has launched FinConnect on Salesforce AppExchange, empowering customers to connect the internal and external systems within their mortgage ecosystems. FinConnect is a component of Tavant’s AI-powered digital lending suite of products, VΞLOX, and simplifies the lending experience, providing lenders plug-and-play access to 130 connectors from more than 60 service providers. FinConnect integrates with Salesforce Financial Services Cloud (FSC), addressing lenders’ challenges by accelerating capabilities to fulfill and close loans quickly—a capability that can empower lenders amid the COVID-19 crisis. Built on the Salesforce platform, FinConnect is currently available on AppExchange at https://appexchange.salesforce.com/appxListingDetail?listingId=a0N3u00000OMkyNEAT FinConnect FinConnect is an intelligent lending data and enterprise mortgage services integration hub that enables an end-to-end, enhanced digital mortgage experience. The platform supplies on-demand data directly from the information source, enabling lenders to close loans quicker while providing a modern and personalized experience for the borrower. Using FinConnect, lenders have access to a multitude of APIs and service providers, including product types such as identity, credit, income, asset, tax transcripts, AUS, appraisal, closing costs and fees, flood, product & pricing engines, compliance, title insurance, mortgage insurance and Fannie Mae Day 1 Certainty™ designated vendors. FinConnect is URLA-compliant and can effectively adapt and scale to fluctuating market conditions. This is evident in the mortgage hub’s ability to process more than 20 million transactions just this year. Comments on the News “Our experience in the mortgage industry has allowed us to develop products that solve challenges for lenders and borrowers while maximizing data-driven processes and improving the customer experience,” said Abhinav Asthana, Head of Fintech Product at Tavant. “With FinConnect now on AppExchange, users can easily accelerate the value for their financial services customers and bring true digital disruption to the entire lending ecosystem. FinConnect enables a data-driven and personalized experience that consumers are now demanding. In 2020 alone, FinConnect has processed over 20 million transactions and enabled over 1 million home loans as part of Tavant’s growing customer base that originates one out of every four loans in the U.S.” “Tavant’s FinConnect is a welcome addition to AppExchange, as they power digital transformation for customers by providing lenders plug-and-play access,” said Woodson Martin, GM of Salesforce AppExchange. “AppExchange is constantly evolving to enable our partners to build cutting-edge solutions to drive customer success.” About Salesforce AppExchange Salesforce AppExchange, the world’s leading enterprise cloud marketplace, empowers companies to sell, service, market and engage in entirely new ways. With more than 6,000 solutions, 8 million customer installs and 90,000 peer reviews, it is the most comprehensive source of cloud, mobile, social, IoT, analytics and artificial intelligence technologies for businesses. Additional Resources – Like Salesforce on Facebook: http://www.facebook.com/salesforce Follow Salesforce on Twitter: https://twitter.com/salesforce Salesforce, AppExchange, Financial Service Cloud and others are trademarks of Salesforce.com, Inc. Find Tavant on LinkedIn and Twitter.
Tavant Launches Banktech Practice with Existing AI/ML Technology for Transformative Experiences
SANTA CLARA, Calif., Dec. 08, 2020 At American Banker’s Digital Banking 2020 conference, Tavant announced its expansion to new business lines with the launch of its Banktech practice. The Silicon Valley-based provider of AI-powered digital technologies appointed industry expert Vaibhav Sharma to lead the new banking initiative from the company’s New York office. Marking its entry into banking, Tavant leverages its best-in-class lending technologies to provide innovative transformations to banking institutions of all sizes. The Banktech practice brings together digital technology and proven innovation to solve modern banking challenges. Sharma is focused on integrating Tavant’s transformative lending experience to deliver hyper-personalized end-user experiences to the complete banking customer lifecycle. Sarvesh Mahesh, CEO of Tavant, said, “As we grow our team with the industry’s most innovative and brightest individuals, we are excited to have Vaibhav leading our efforts. The banking industry has faced an accelerant this year from the pandemic as customers adjust to increasing digital services. As the industry continues to change, banks will need to deliver new, modern solutions to stay competitive. Tavant’s Banktech practice enables us to assist banks with operational efficiencies to effectively provide new digital solutions that make banking seamless for all back- and front-end processes. Our team’s vision coupled with our innovative tech delivers our customers an optimized banking experience.” Vaibhav’s banking expertise stems from more than 25 years of global experience in assisting large scale banks modernize their operational processes and implement procedures that balance incremental growth and cost savings. He previously worked at Unisys, CGI, and Citibank, where he spearheaded unique digital optimizations and reduced risk factors to existing legacy systems. Additionally, Tavant has appointed two Banktech practice drivers, Michael Livi and Debarchana Roy. Livi, based in New York, is an industry veteran of 17 years and is passionate about powering the sales cycle of emerging financial technologies to financial institutions (FIs). Roy, located in San Francisco, has more than 12 years of industry experience and joined Tavant from Wells Fargo, where her accomplishments provided consistent strategic and sales growth. This move represents an additional geographic expansion for Tavant, which launched its Digital Factory practice in Dallas last year. Tavant combines deep industry expertise, next-generation digital technologies, and optimized modern processes to help banks deliver enhanced customer experiences. Find Tavant on LinkedIn and Twitter.
SoftWorks AI, Tavant Partner to Provide Intelligent Document Automation Solutions for Digital Mortgages
FOREST HILLS, N.Y., Dec. 2, 2020 SoftWorks AI, an AI, and computer vision-based mortgage automation firm, today announced it has entered a strategic alliance with Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, to provide organizations with an enhanced digital mortgage experience. SoftWorks AI’s intelligent mortgage document automation capabilities will now be integrated with Tavant’s best in class document ingestion platform, FinCapture, providing organizations across the mortgage ecosystem with the most advanced documents to data automation capabilities currently available in the market. “Today’s mortgage technology landscape does not adequately address the need to shorten cycle times and improve data quality,” said Tom Wuensch, COO, SoftWorks AI. “This partnership combines SoftWorks AI’s decades of experience in transforming documents to actionable data with Tavant’s deep expertise in mortgage automation to support all phases of the digital mortgage lifecycle. Together, we are helping firms streamline their mortgage process workflows and achieve near touchless automation with the most intelligent structured data available.” Tavant’s FinCapture automates essential processes such as document indexing and classification, data extraction, data validation, and inter/intra documentation audits, generating a repository of critical information used to create and manage a digital loan file. Integrating the SoftWorks AI platform enables automated extraction of data from transactional loan documents. Documents are instantly recognized with the highest accuracy available to ensure quality, validity, and type, thereby enabling lenders to complete normally time-consuming reviews in a matter of seconds. According to Mohammad Rashid, Head of Fintech Practice at Tavant, the integration will provide lenders substantial efficiency improvements in the loan origination process. “Together, we are providing an automated solution that will help firms eliminate many time-consuming tasks and instead focus their efforts on quicker decisioning, increased productivity, superior data quality, and reduced mortgage cycle times, substantially improving the client experience.” SoftWorks AI’s intelligent mortgage automation solution leverages over 20 years of applied artificial intelligence and computer vision expertise to allow firms to streamline their mortgage workflows and achieve touchless automation with the most accurate data available. Rapidly gaining market share, Tavant’s expanding customer base originates one out of every four loans in the United States. Tavant’s VΞLOX suite of products optimizes the back-office, simplifies mid-office, and transforms the front-end consumer experience into an efficient digital data flow. About SoftWorks AI Born from the Machine Perception & Computer Vision Lab at the City University of New York, SoftWorks AI is a provider of intelligent mortgage automation solutions. We strive to leverage our deep expertise in computer perception, advanced document understanding, and AI technologies to transform raw data into intelligent actionable information, equipping knowledge workers with the means to drive business decisions faster and more effectively. Visit us at www.softworksai.com Find SoftWorks AI on LinkedIn. Find Tavant on LinkedIn and Twitter.
RWM Partners with Tavant for Enterprise-wide Digital Transformation
Tavant Launches Warranty Platform for Daimler Trucks Asia in Taiwan
Tokyo, Japan, Nov 10, 2020 Tavant, a leading digital products and solutions company for the manufacturing industry, today announced the launch of a warranty claim handling software solution for Daimler Trucks Asia (DTA) in Taiwan. Named Falcon+, the solution powered by Tavant Warranty platform, improves transparency, increases business agility, and drives better decision making. Falcon, a one-stop system for online claim transactions powered by Tavant’s warranty system, was initially rolled out in early 2016 in Japan, one of DTA’s home markets, and in early 2017 for customers across 60+ countries in international markets. The warranty system has now been introduced to Taiwan, one of the largest overseas markets for the OEM. The solution has enabled faster claim judgment, eliminated conventional submission methods, and provided data transparency to DTA and its global distributors. Falcon+ is an integrated and modern platform that connects dealers, national organizations (general distributors/ subsidiaries), and the manufacturer’s headquarters for warranty claims management. The solution enables DTA to boost productivity, enhance performance, and gain a dynamic, 360-degree view of its warranty management operations. Falcon+ helps streamline the claim process, improve cycle time; subsequently, leading to reduced warranty costs and a higher customer retention rate. Tavant’s well-proven approach and integrated solution concept play a significant role in enabling innovation excellence and driving operational efficiency. With this partnership, Tavant has brought agility in the processing of claims for DTA. By deploying the Falcon+ solution, dependency on manual operations can be reduced for higher efficiency in the claim handling process. Additionally, a single line of claims adjudication has drastically cut down end-to-end judgment times, enabling DTA with higher end-to-end transparency on all transactions. This implementation exemplifies an exceptional collaboration and teamwork across Taiwan, Japan, and India amid unprecedented times. “We are pleased to see our relationship with Daimler Trucks Asia expand further. The synergies between the two organizations have been mutually beneficial, as we look forward to even greater success with this recent expansion. As a strategic partner, Tavant successfully deployed and delivered the solution while collaborating in a tireless and seamless manner amidst turbulent times,” said Roshan Pinto, Head of Manufacturing, Tavant. “Our solution allows DTA to improve decision-making, bring more transparency to their claims process, and enhance overall claims accuracy,” Pinto added. About Tavant Warranty Tavant Warranty, a leader in IDC MarketScape, is a web-based, full-lifecycle warranty management solution that brings together OEMs, suppliers, and service channel partners in a real-time collaborative environment. Tavant’s future-ready, warranty solution comes from two decades of experience working with leading customers to develop and implement enterprise-class warranty claim solutions. Tavant Warranty helps you reduce warranty spend, increase supplier recovery, reduce claim processing, and consolidate fragmented warranty data to improve forecasts. Find Tavant on LinkedIn and Twitter. About Daimler Trucks Asia Daimler Trucks Asia (DTA) is an organizational unit that jointly operates Mitsubishi Fuso Truck and Bus Corporation (MFTBC) – an icon of the Japanese commercial vehicle industry with more than 80 years of its history – and Daimler India Commercial Vehicles (DICV), a full-fledged player in truck and bus manufacturing in the Indian market. DTA has a strategic business model that allows its group entities to collaborate in product development, production, exports, sourcing and research activity to provide the best of value products. Contacts: Rohit T.R. +81 70 4320 3966 [email protected]
Tavant’s Tech Leaders Win 2020 Stevie® Awards for Women in Business
Tavant Named to Prestigious IDC FinTech Rankings by IDC Financial Insights
SANTA CLARA, Calif., Oct. 22, 2020 Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, announced today it has been named to the 2020 IDC FinTech Rankings for the second straight year. The 17th annual vendor ranking represents the leading hardware, software, and service providers to the financial services industry from around the world. Vendors are ranked based on 2019 calendar year revenues attributed to financial institutions. “IDC Financial Insights is widely recognized as a thought leader at the forefront of our industry and I am honored to be recognized by such a prestigious organization,” said Hassan Rashid, CRO, Tavant. “Since the company’s inception, Tavant’s mission has been to provide unparalleled solutions to meet the business goals of our customers. This recognition is a testament to our team’s continued commitment to empowering our customers with innovative tools and intelligent insight needed to not only succeed but thrive in today’s increasingly demanding market.” The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software, and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to exceed $577 billion (USD) by 2024. To thrive in a digital economy, financial services organizations must embrace innovative and integrate cutting edge technology effectively to enhance the customer experience and achieve operational excellence. ABC Company and the vendors featured on the IDC FinTech Rankings represent those providers committed to helping financial institutions successfully execute their digital transformation initiatives for the betterment of their customers around the world. Find Tavant on LinkedIn and Twitter.