5 North American FinTechs Worth Keeping an Eye On

FinTech is a portmanteau of the terms “finance” and “technology” and refers to any business that uses technology to enhance or automate financial services and processes. North America is no stranger to technology and innovative companies. Here is a list…

Read The Article »

David Snitkof: 3 Ways to Use Technology to Reduce Bias in Mortgage Underwriting

Despite federal legal protections against credit discrimination, disparities based on race, marital status, gender, and sexual orientation persist in the mortgage lending process. In 2019, 16% of Black applicants and 12% of Hispanic applicants were denied mortgages, compared to only 7%…

Read The Article »

Ocrolus Named #1 Fastest-Growing Software Company in New York on Deloitte’s 2020 Technology Fast 500™

North America’s 28th fastest-growing company achieves nearly 8000% revenue growth, with increasing market opportunity ahead NEW YORK, November 18, 2020 — Ocrolus, the only automation platform that analyzes financial documents and digital data with over 99% accuracy, today announced…

Read the Article »

Fintechs Optimistic About Biden Presidency Amid Increased Focus on Industry

Sipho Simela, head of mortgage strategy at Ocrolus, the New York-based fintech, said: “Following the results of the election, a massive change could be on the horizon for mortgage lending best practices. We could see an environment where the overall supply…

Read The Article »

Biden Wins, But His Fintech Policy Faces Partisan Headwinds

“The Consumer Financial Protection Bureau could be impacted immediately by the election outcome,” said Sipho Simela, head of mortgage strategy at Ocrolus. “Presumably a Biden administration would want to strengthen the power of the CFPB.”

Read The Article »

Why AI is No Longer Optional for Community Banks

For the PPP, Cross River Bank worked with more than 30 partners, including Divvy, Veem and Intuit, to build a platform that could interact with Small Business Administration (SBA) through the Cross River APIs, or application program interfaces. Integrating tech…

Read The Article »

Google, IBM Rush to Sell Banks Cloud Software

With this product, the company is taking on mortgage origination software providers like Blend (which has 250 bank customers of its digital lending platform) and document-imaging and entity-extraction software like the popular Ocrolus, which many banks use to handle document…

Read The Article »

Ocrolus Introduces Cross Source Validation to Automate Corroboration of Borrower Information Accuracy

Cloud fintech infrastructure enables mortgage lenders to confirm borrower data extracted from multiple documents and permissioned accounts NEW YORK, October 20, 2020 — Ocrolus, the leading human-in-the-loop infrastructure company that transforms documents into actionable data, today introduced Cross Source Validation (XSV), a…

Read the Article »

Stepping Up the Fraud Prevention Game: An Interview with Sam Bobley, CEO of Ocrolus

Sam Bobley, CEO of New York-based fintech Ocrolus, recently spoke with The MORTGAGE BANKER Magazine about how lenders can reduce the likelihood of fraud through upgraded processes that catch fraud quicker and more seamlessly.

Read The Article »

Enabling the Enablers: What to Consider When Building Best-in-Class API-led Fintech Companies

Over the last five years, leading financial institutions have realized that APIs can help them deliver better products to existing users and acquire new users without having to rebuild core infrastructure or fix data silos across the organization. Non-bank customers…

Read The Article »

Subscribe to our newsletter