Sei sulla pagina 1di 3

Industry Veteran Launches FinKube to Provide Revolutionary Digital

Consumer Lending Platform

Frisco, TX, October 06, 2017 --(PR.com)-- FinKube, a new company that provides AI-powered
Platform-as-a-Service solutions for consumer lending, announced today that the startup firm has raised
over $500,000 with the goal of disrupting and reimagining the consumer lending industry. The firm's first
offering, a new Digital Lending Platform with AI-powered Intelligent Augmentation, is already complete
and in beta testing.

FinKube was founded by Jorge Sauri, an industry veteran with nearly 20 years of experience developing
IT solutions and technology platforms for banks, lenders and real estate companies. He developed the
mortgage industry's first cloud-based software for underwriting subprime mortgages at Arc Systems and
then developed a completely cloud-based LOS called MortgageDashboard. This time, Sauri says he wants
to change the way the industry thinks about loan origination software.

The old paradigm where lenders invested heavily in a loan origination system (LOS) and then invested
again to get all of the additional tools they need to run their businesses has given way to a new API-based
digital ecosystem, Sauri said. Lenders need flexible, intelligent software that makes them better at what
they do while it improves the borrower's experience. And they need it provided in a much more
affordable manner than yesterday's technology.

Sauri went on to say that the traditional method of employing Artificial Intelligence to create robot
mortgages was misguided. Technology, according to FinKube, should be used to extend and augment the
human resources working in a company. In this case, that means loan officers. FinKube's answer to that
problem is ELSA.

ELSA stands for Electronic Loan Services Assistant, the brain behind FinKube's Digital Lending
Platform. She is the industry's first intelligent assistant and uses AI and machine learning to enhance the
origination process from origination to close. Her AI is powerful enough to gather borrower information,
render decisions, automate time-consuming tasks and help lenders produce fully compliant mortgage
loans in as few as 20 days, though she is well versed in any form of consumer lending.

Lenders are spending $7,000 over 50 days to generate 400 pages of paper documentation to originate a
compliant mortgage loan, Sauri said. It takes 25 humans to do this work because the technology they're
using isn't doing the job. Our new Digital Lending Platform will empower lenders to do this work
cheaper, faster, with little if any paper and with fewer people dedicated to the process, freeing them up to
pursue more business.

About FinKube
FinKube is the first lending technology developer to incorporate Artificial Intelligence at the core to
provide Intelligence Augmentation (IA) to human loan officers and deliver its platform under a
cloud-based, Platform-as-a-Service model. ELSA, the Electronic Lending Services Assistant, is Artificial
Intelligence specifically developed for compliant consumer lending and is the brains behind a platform

Page 1/3
PR.com Press Release Distribution Terms of Use
that can help lenders originate any type of consumer loan product. ELSA learns and adjusts to any
origination model, chats with consumers to gather information and provide services, and provides lenders
with the industry's most flexible solution to meet their own lending needs. For more information, visit the
company's website at http://www.finkube.com.

Page 2/3
PR.com Press Release Distribution Terms of Use
Contact Information:
RGA PR
Rick Grant
570-497-1026
Contact via Email

Online Version of Press Release:


You can read the online version of this press release at: http://www.pr.com/press-release/732099

News Image:

Page 3/3
PR.com Press Release Distribution Terms of Use

Potrebbero piacerti anche