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…

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%…

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…

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…

“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.”

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…

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…

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…

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.

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…