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 . . .
RIBBIT Expands to Add Eric VonDohlen as Chief Data ScientistJan 20, 2021 | RIBBIT ANNOUNCEMENT To address the demands of a rapidly growing market, RIBBIT has added highly-regarded data scientist Eric VonDohlen to the executive team as Chief Data Scientist. “As we...
Never be afraid to fail. Failure is only a stepping stone to improvement ~ Tony Jaa
I remember my young daughter’s disheartening basketball coach yelling at the team “don’t shoot the ball unless you are going to make it.” Naturally, the team was afraid to shoot the ball so they never scored enough points to win. An enlightened coach would have said “shoot the ball until you make it.” Giving the girls permission to miss the basket without fear of blame would have released their potential. This same philosophy in the workplace is liberating: push yourself, learn from mistakes, and use your knowledge to improve. Slam dunk!
It’s great to be great, but it’s greater to be human ~ Will Rogers
One of my father and husband’s favorite TV characters was Andy Rooney, who appeared at the end of every 60 Minutes episode with a short critique on the condition of the world. Andy was the dessert at the end of the informative and serious news program, culminating with a rise of his bushy eyebrows, a twinkle in his eyes, and his witty, often acerbic insights about the way things were. And was often said, he could say so much with just a few words.