Taktile

Warren Buffet recently remarked, "Scamming - it's going to be the growth industry of all time," after witnessing a deepfake of himself. Advancements in machine learning and AI are revolutionizing anti-fraud measures in fintech and banking. However, with the rapid growth in accessibility of models like OpenAI's ChatGPT, fraudsters are also becoming more sophisticated. This underscores the growing concern for financial services providers over deepfake fraud, which encompasses text and voice cloning, as well as image manipulation – all techniques that are becoming increasingly accessible and scalable. In a recent article, we delve into the economics behind deepfake fraud, highlighting how the operational costs of deepfake fraud methods can impact the strategy a fraudster might take. You can find the full article linked in the comments below ⬇️

New customer announcement! Meet Mercury: The fintech company taking lending innovation to new heights ⚡ We’re thrilled to introduce Mercury as a new Taktile customer! Mercury is the fintech over 200,000 ambitious companies use for banking* and all their financial workflows. Mercury chose Taktile’s next-generation risk decision platform to support its IO credit underwriting. Using Taktile, Mercury’s credit team is empowered to build, run, and experiment with underwriting decisions end-to-end. This strategic move saves significant engineering time and developer costs and enables Mercury’s credit team to seamlessly integrate critical data sources for highly accurate decision-making. We’re excited to be alongside Mercury as it continues to meet the growing demand of the B2B segment in the US by delivering top product offerings 🎉 *Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC.

🎉 We're excited to share that Taktile has been nominated as Finalist for the Finovate Awards in the category "Best Back-Office/Core Services Solution"! 🎉

We will be at Fintech Devcon! Annie Wachsmuth our Head of Solutions & Customer Success and Robin Geibel will be on site and would love to meet you!

🚀 We're excited to announce our partnership with pave.dev! 🚀 This partnership makes it easy for lenders to leverage their cashflow analytics and scores directly within the decision workflows. Key benefits include:  ✅ Reduced manual processing  ✅ Enhanced underwriting capabilities  ✅ Simple yet powerful workflows  ✅ Seamless data integration 🔗 Read more here: https://lnkd.in/gFVKkU-Y

Battling first-party fraud with transaction monitoring 🔍 First-party fraud, where customers deceive companies for financial gain, is rapidly growing. Here's what our latest blog article uncovers: ⛔️ Common first-party fraud types: • Chargeback Fraud: Customers abuse protection systems. • False Claims: Fraudulent refund requests. • Fronting: Using someone else's identity for financial gain. • Money Muling: Moving funds on behalf of others. • Ghost Funding: Using merchant accounts for illicit activities. 🔍 Why it happens: • Low risk of detection. • Perception of victimless crime. • Economic uncertainties driving rationalization. 💡 Strategies to combat fraud: 1. Correct classification of existing cases. 2. Data enrichment for accurate profiles. 3. Enhanced AML processes. 4. Identifying fraud rings, not individuals. 5. Retrospective batch checks for early detection. Our blog explores these strategies, highlighting the importance of a robust transaction monitoring system in tackling first-party fraud. Check it out now, the link to the article is in the comments below! #FraudPrevention #TransactionMonitoring #FinTech

🏆 G2 names Taktile category leader in Decision Management Platforms! 🏆 We’re thrilled to announce that Taktile has been recognized as a leader in the Decision Management Platforms category by G2 in their Summer 2024 report! Our mission at Taktile is to empower teams with a comprehensive solution for making automated risk decisions across multiple use cases. We believe this latest recognition from G2 results from our ongoing commitment to delivering a platform that genuinely empowers our users to design, experiment, and optimize automated decisions throughout the customer lifecycle. As our Co-Founder & CEO, Maik Taro Wehmeyer, puts it: "I’m proud to see Taktile be named a leader by G2, as it’s another great testament to the work our teams have been doing to build a market-leading product that provides our customers with a holistic decisioning solution that combines flexibility, usability, and robust guardrails.” 📢  We invite you to read more reviews by visiting our profile on G2! You can check out more details in the article we've linked in the comments. #G2Leader #DecisionManagement #FinTech

This is a great read about successful AI adoption and value creating by shifting from an AI-model-centric to a workflow-centric approach! Thanks Alejandro Betancourt, Ph.D. and the team at KLYM for putting this together & sharing!

🌟 Taktile & Portage Present: The Top 50 Companies Disrupting US Consumer Finance in 2024 🌟 We believe the consumer finance industry is undergoing a transformative shift in 2024, driven by a growing demand for hyper-personalized and accessible financial products. Portage - a global investment platform in fintech and financial services - has observed the growth of companies offering innovative financial products to a broader range of consumers in the United States. At the same time, Taktile has been a part of this growth story first-hand by empowering leading fintech companies to innovate on their risk strategies to better serve consumers in the US. Together, we are excited to highlight the Top 50 companies reshaping the consumer finance landscape this year! From BNPL offerings and hyper-personalized loans to pioneering credit-building products, these companies are making finance more inclusive and accessible. Join us in celebrating them! 🎉 Don't forget to check out our article that delves into the strategies, technologies, and visionaries driving this unprecedented growth—the link is in the comments ⬇️ Who should be on our radar for the next edition? #Fintech #ConsumerFinance #Innovation

We are thrilled to introduce you to Thomas Piani, Taktile’s new Head of Product! 🎉 Thomas brings with him an impressive track record, having spent the past 6 years in Product leadership roles at Brex building products that serve companies from startup to enterprise. Most recently as Head of Spend Management Product, Thomas drove the launch and growth of Brex's leading AI-powered spend management solution. With his extensive industry knowledge and expertise, we’re confident that Thomas' leadership and vision will play a pivotal role in positioning Taktile as the clear leader in AI-driven decision automation. In 2024, Taktile has been consistently acknowledged as a leader in the decision platform category, a sector in which next-generation platforms like ours are driving rapid growth and innovation. Our customers continue to demonstrate Taktile’s effectiveness as a decision platform that serves multiple use cases along their entire customer journey – from onboarding (KYC/KYB) to credit underwriting & portfolio monitoring to fraud prevention & transaction monitoring. This momentum is also a testament to our dedicated efforts in building a leading marketplace of data providers – something that makes multi-use case risk decisioning seamless. Thomas' arrival aligns perfectly with the next chapter of this journey as we are leading the way in rethinking what decision platforms will look like in the age of AI. Join us in welcoming Thomas to the Taktile team! 🚀