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 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 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.
Caliber Home Loans Partners with Tavant on Implementing Digital Software Factory to Accelerate Digital Transformation
SANTA CLARA, Calif., Sep 15, 2020 Caliber Home Loans Inc. (“Caliber”), one of the largest non-bank lenders in the nation and Tavant, a Silicon Valley-based digital lending products and solutions company, today announced that Caliber has adopted a dedicated software factory delivery methodology to leapfrog its digital transformation journey. Powered by Tavant, the Digital Software Factory (“Digital Factory”) is an execution framework that leverages institutional knowledge and an optimized resource structure and metrics, resulting in a transparent, scalable, and streamlined process. The result is better data-based decisions that will accelerate the Caliber’s transformation execution plan. “We are delighted to be leveraging Tavant’s domain experience and understanding of our technology landscape. We’ve adopted a digital software factory approach to decrease the time to market, giving us the ability to simultaneously launch initiatives in real-time, and ensuring Caliber delivers a seamless customer experience,” said Renee Galitis, CIO, Caliber Home Loans. Caliber’s dedicated Digital Factory consists of a specialized team of factory managers, product owners, and full-stack developers tasked with developing fast-to-market products that comprise new digital features, process automation, and enhancements aligned with Caliber’s digital transformation goals. Tavant’s Senior Vice President, Prashant Kumar, said, “Implementing a Digital Factory for Caliber will significantly accelerate its digital transformation journey. It is more nimble and agile, allowing Caliber to respond to shifting market requirements quickly, and we are excited to be embarking on this relationship with Caliber.” Find Tavant on LinkedIn and Twitter. About Caliber Caliber Home Loans, Inc. is a privately-held financial services company with headquarters in Coppell, TX. The company is an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae and is an approved servicer for FHA, VA and the USDA. The company carries multiple servicer ratings from Standard & Poor’s, Moody’s, Fitch and DBRS. To learn more about Caliber, visit www.caliberhomeloans.com.
Tavant Unveils Stellar Lineup for T5 Virtual Conference
SANTA CLARA, Calif., Aug 25, 2020 What: Tavant, the leading Silicon Valley-based provider of AI-powered digital lending technologies, is hosting T5, a virtual digital technology conference focusing on Tech, Trends, Transformation and Thinking (AI). Industry leaders from Wells Fargo, Fannie Mae, Caliber Home Loans, realtor.com, Genesis Financial Solution, Citizens Bank and MGIC will share the latest insights on how AI and ML will bring efficiencies and speed throughout the life cycle of the loan process, how homebuying will be in 2020 and how automation and digitization will accelerate the mortgage process. The live-streamed event will include informative keynote presentations, interactive sessions, fireside chats, live product demonstrations, start-up spotlights and more. Who: Henry Cason, SVP, Head of Digital Products at Fannie Mae Hassan Rashid, Chief Revenue Officer at Tavant Brad Sivert, Head of Proptech at Tavant Jon Gibson, VP of Product Management at realtor.com Gary Johnson, Senior Director of MiLo Labs at MGIC Nate Longfellow, Head of Digital, Product Strategy and Change Delivery – Home Lending at Wells Fargo Gregory Chi, CIO at Genesis Financial Solutions Dino Lack, Chief Product Officer at Caliber Home Loans Sonu Mittal, EVP, Head of Mortgage – Retail at Citizens Bank Abhinav Asthana, Head of Product at Tavant Debi Roy, Sr Director, Fintech at Tavant When: Wed, Aug 26, 2020, from 10:00 a.m. PT, click here to register. Details: For more information, including the detailed agenda and all keynote speakers, visit the event page. Contact: To request an interview, contact Anna Stanley at [email protected], 251.517.7857 Find Tavant on LinkedIn and Twitter.
American Pacific Mortgage Leverages Tavant’s FinXperience Platform to Launch Specialized Mortgage Channel
SANTA CLARA, Calif., August 11, 2020 Tavant, a Silicon Valley-based digital lending products and solutions company, today announced American Pacific Mortgage deployed its FinXperience platform to launch a new Specialized lending channel. With Tavant’s FinXperience platform, the lender is able to provide its growing network of customers a seamless digital lending process with improved loan fulfillment efficiencies, a faster speed-to-market, enhanced communication capabilities, streamlined experience, and significantly lower costs per loan. Tavant’s FinXperience Platform is powered by VΞLOX, an AI-powered lending platform, and brings loan originators and investors together, providing real-time data exchange and data-driven processes to ensure a more fluid experience for brokers, boosting productivity and reducing loan cycle times. “Tavant was the best provider that could meet all of our technology needs and requirements, and also meet our aggressive go-live date,” said Keith Becher, chief operating officer for American Pacific Mortgage. “With Tavant’s FinXperience Platform, we successfully launched a new channel in less than ten weeks. Tavant is truly an extension of our team, and together we continue to advance our digital lending capabilities, transforming the home loan process.” Tavant’s FinXperience Platform brings loan originators and investors together, enabling customers to work as a team with lenders, expediting processing and approval while ensuring compliance with regulatory requirements. This provides lenders like American Pacific faster, smoother process for their customers, which allows them to get more done in less time. “We were able to leverage our previous experience and success in the market to help American Pacific achieve its goals of not only adding a new channel, but also meeting a very quick timeline,” said Hassan Rashid, Tavant’s CRO. “I am proud to partner with such a forward-thinking lender like American Pacific that remains committed to excellence and leveraging technology in an innovative manner to enhance its overall process, even during these trying times.” 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 American Pacific Mortgage Headquartered in Roseville, California, American Pacific Mortgage (APM) is an industry leading independent mortgage banker currently licensed in 49 states with over 2,800 employees. APM is driven to make its branch managers and producers look good by providing everything they need to create experiences that matter for the consumer. APM’s solutions-first mindset and collaborative spirit have contributed to being voted one of the best places to work year over year, and more than 50,000 5-star reviews from customers. Find APM at apmortgage.com, Facebook and LinkedIn.