Virtual Classrooms in 2020 Means Working Parents Won’t Catch a Break

Vik Dua, chief operating officer at fintech company Ocrolus in the Financial District, is trusting his employees to organize their workloads and schedules around the best use of their time. “Family comes first here,” he said, noting that the company’s philosophy…

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How New York’s Fintech Startups Plan to Cash in on PPP Loan Spotlight

When small businesses grew frustrated in the spring with waiting in line for federal Paycheck Protection Program loans from JPMorgan Chase and Bank of America, some turned to digital lenders approved to originate the funds, such as Square and Cross River Bank. That provided an opportunity not…

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Tightening Auto Credit Slows Sales Rebound

Don’t blame lenders’ skittishness entirely on Covid-19, said David Snitkof, Vice President, Analytics at New York-based data analysis firm Ocrolus. He points out that delinquency rates for auto loans, measured by 90-day delinquencies, “are up to recession-era levels. That’s not all…

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The Fintech 250: The Top Fintech Companies Of 2020

CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B in aggregate funding across nearly…

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‘Super Sellers’ Housing Market Raises Fraud Risk to 13-Month High

“With a sharp increase in fully online transactions, lenders need to be more proactive than ever when it comes to fighting fraud,” Sam Bobley, CEO of Ocrolus, said in a statement to NMN. “The good news is that lenders can…

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Rooting Out Racism in AI Systems — There’s No Time to Lose

“Even if an algorithm itself is unbiased, that does not mean it couldn’t be used in unethical ways,” said David Snitkof, vice president of analytics at Ocrolus, which is developing AI for loan underwriting. For example, if a lender were…

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Wealthtech Weekly For 08/18/2020

Ocrolus announced that it has been named to the annual Inc. 5000 list as the 30th fastest growing private company in America. The company ranks as the fourth fastest growing private company in New York, and the sixth fastest growing…

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These Are NYC’s 5 Fastest-Growing Tech Companies, According to Inc.

Inc. just unveiled its latest Inc. 5000 list identifying the fastest-growing startups across the country, and New York City tech companies were well represented in this year’s ranking. The magazine’s list, released Wednesday, includes privately held, U.S.-based companies that were founded and…

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What Congress Got Right with PPP, and What It Should Do Next for Small Businesses

Ocrolus, a fintech specialized in gathering data and information from financial documents, offered lenders the infrastructure to rapidly cull information from PPP applications. From the fintechs’ success, we know that small-dollar loans, simple applications, and fast turnaround are desperately needed,…

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Investors Say These 38 Fintechs are the Next Generation of Breakout B2B Stars, Following in the Footsteps of Stripe and Plaid

Business Insider surveyed 27 investors on the hottest fintechs that cater to businesses. When it comes to early-stage investing, any investor will tell you that there’s more risk. That said, there’s also more reward for backers willing to bet on…

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