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.
Tavant KK Joins the MuleSoft Partner Program to Enhance Integration Connectivity for Digital Transformation in Japan
TOKYO, Japan, September 24, 2020 Tavant, a leading digital products and solutions company, today announced its partnership with MuleSoft Japan to provide consulting services for MuleSoft’s Anypoint Platform™, provider of the world’s #1 integration and API platform. Anypoint Platform unlocks the power of API-led connectivity, enabling organizations to connect data from any system – no matter where it resides – to deliver truly connected customer experiences. Tavant’s in-depth implementation expertise and industry knowledge, coupled with MuleSoft’s technology, gives clients the support and tools they need to unlock and unify data from the rapidly growing number of apps and systems. With Anypoint Platform, organizations can realize the speed, agility, and innovation at scale. “The average enterprise has data in nearly 900 applications, and only one-third are integrated, leading to disconnected customer experiences across channels. Through its partnership with MuleSoft, Tavant KK is allowing its customers to unlock business capabilities and build application networks that accelerate the speed of IT delivery, increase organizational agility and enable innovation at scale,” said Brent Hayward, senior vice president of global channels and alliances, MuleSoft. “We’re pleased to welcome Tavant KK into MuleSoft’s partner ecosystem and look forward to working together to help our mutual customers deliver connected customer experiences.” As a MuleSoft Partner, Tavant KK helps clients address on-premises, cloud and hybrid integration use cases with scale and ease of use. “We are committed to providing our customers with the best user experience. MuleSoft’s API-led connectivity approach will help us increase efficiency and reduce complexity to integrate our solutions into customers’ application networks and will result in significant cost savings, greater organizational agility, and faster time-to-market. This partnership will add new value to our customers, making it much easier to access, transform, and reuse data from SaaS and legacy applications through well-governed APIs,” said Samya Ghosh, Vice President, Digital Practice, Tavant. Find Tavant on LinkedIn and Twitter. About Anypoint Platform MuleSoft’s Anypoint Platform™ is the world’s #1 integration and API platform. It uniquely allows organizations to use API-led connectivity to unlock their data, empower their business with productized APIs, and create connected experiences, faster. Anypoint Platform is the only solution that offers a single, unified platform for iPaaS and full lifecycle API management, both on-premises and in the cloud. MuleSoft is a registered trademark of MuleSoft, Inc., a Salesforce company. All other marks are those of respective owners. Contacts: Rohit T.R. +81 70 4320 3966 [email protected]
Tavant Wins 2020 People’s Choice Stevie® Award for Favorite New Products
SANTA CLARA, Calif., Sep 22, 2020 Tavant, a leading digital products and solutions company, today announced that it has been named the recipient of the People’s Choice Stevie® Awards at the18th American Business Awards®. Tavant was named a winner of the People’s Choice Stevie® Award for its Retention Intelligence platform in the Artificial Intelligence / Machine Learning (AI/ML) Category and Tavant Manufacturing Analytics Platform (TMAP) in the Big Data Solution category. This is the third Stevie award Tavant has won in the last two years. The People’s Choice Stevie Awards for Favorite New Products are a feature of The American Business Awards in which the general public can vote for their favorite new products and services of the year. More than 87,000 votes were cast in 52 people’s choice categories this year. All new products and services honored in the ABAs’ new product categories were included in people’s choice voting. “We’re delighted to be named as an award recipient of the People’s Choice Stevie® Awards for Favorite New Product. Our mission is to create innovative solutions that truly benefit our customers. This recognition highlights the significant value our products and solutions bring to our customers,” said Atul Varshneya, VP, Artificial Intelligence. “In these challenging times, your digital presence is your business. Adopting a more data-driven culture and harnessing the power of AI and ML can help organizations accelerate their digital transformation journey. Tavant combines AI/ML, data engineering, data quality automation, and Machine Learning Operations (MLOps) capabilities with deep industry expertise to enable organizations to reimagine their business. This further helps them in improved decision-making, reduced cost, enhanced agility, and increased efficiency,” Varshneya added. Tavant’s Retention Intelligence platform, part of Tavant’s VΞLOX platform, leverages holistic customer information, enabling lenders and servicers to identify the refinance opportunities within portfolios to maximize retention and upselling. Additionally, the product allows lenders and servicers to predict and manage portfolio churn and focus on customer retention strategies. Tavant Manufacturing Analytics Platform (TMAP) leverages machine learning algorithms and allows businesses to better predict fraud scoring and reserve analysis. This helps organizations to achieve cost leadership with a focus on operational efficiency and revenue growth. TMAP has recently achieved Microsoft Co-Sell Ready Status and is available on the Microsoft Azure Platform. Tavant offers a broad range of products and services catering to Fintech, Manufacturing, Media, and Retail industries, including fraud detection, text analytics, ad attribution, IoT analytics, defect detection, pricing, and forecasting. Find Tavant on LinkedIn and Twitter.