January 8, 2021
To know what is right and not to do it is the worst cowardice.
In my lifetime, I have been called brash, bold, sassy, and mischievous, so I pay attention when a company, and a new one to boot, jumps out of the starting gate, bragging how they are going to transform the way a consumer’s credit worthiness is measured. Whoa, who does this RIBBIT think they are, challenging a status quo system that has been around since the 1860s when merchants shared lists of villagers who failed to pay their debts? But as Confucius says – To know what is right and not to do it is the worst cowardice.
RIBBIT is the steroid offspring of Cash Flow Solutions, a 22-year electronic payments provider, and Transaction Science, a groundbreaking predictive analytics company. Together as one, RIBBIT utilizes patent-pending bank behavior analytics to meet the demands of a rapidly changing world to accelerate financial freedom for all people with better data supporting superior outcomes.
RIBBIT’s BankINSIGHTS suite provides adaptive bank analytics for instant credit decisioning, account onboarding, and payments from a single API connection. The combined company’s products are designed to simplify financial decisioning without the need for multiple providers, including:
- Instant, predictive insights into affordability on 99% of bank accounts
- Non-credentialed and credentialed bank account onboarding and underwriting
- Proprietary, customer-driven user interface to instantly enroll any bank account
- Account verification and transactional behavior analytics
- Tokenized ACH and Same-Day ACH payment processing
In a changing market, RIBBIT’s adaptive learning methodologies more accurately predict financial outcomes in a turbulent economy. The AI-enhanced platform turns bank and payment data into decisioning intelligence for assessing risk and offering affordable financial products. RIBBIT’s proprietary network accesses billions of financial data points to present an authentic, holistic picture of a customer’s ability to afford a payment or a loan. Lenders, fintechs, and banks are leveraging the technology to evaluate applicant’s creditworthiness and ability to pay.
The unimaginable pandemic has reminded us that we must continue to move forward in our thinking lest we be left behind. It’s a time to explore the silver linings and learn from the lessons: hope rises like a Phoenix from the ashes of shattered dreams ~ S.A.Sachs.
Welcome RIBBIT, perhaps you are one of the silver linings.
Stay tuned . . .
He who moves not forward moves backward ~ Goethe
When arriving at the pearly gates hoping to qualify for a ticket into the promised land, would you rather be evaluated on your past behavior when you were young and reckless or your recent behavior as an adult who is making smarter lifetime decisions? Stay with me, for the big jump…
Non-Credentialed bank data is sometimes also referred to as bank verification, non-consented, or non-permissioned data. Non-Credentialed data can be easier to integrate and implement through an API-only connection or as part of a full end-user widget experience....
Knowledge and human power are synonymous.
~ Francis Bacon
Inspired by an insightful WSJ article about the lending industry, Flying Blind Into a Credit Storm, by AnnaMaria Andriotis, I am reminded how the term business as usual should be shelved for a more appropriate term: business as divergent. Throw away the rule book, ‘cause what worked yesterday in business ain’t gonna work today.