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Posted On: 06/03/2019 3:41:19 PM
Post# of 1122
NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Launches Proprietary, AI-Powered Underwriting Solution with Predictive Scoring
Global technology and value-added solutions group Net Element (NASDAQ: NETE) today announced that it has launched Blade, its proprietary, fully-automated underwriting solution with predictive scoring powered by artificial intelligence (“AI”). Per the update, Blade is a software designed to reduce potential risks and decision-making time for the underwriting and on-boarding of new merchants while improving the customer experience. The system works by using proprietary algorithms to compile and analyze data points that are automatically evaluated in accordance with pre-set and dynamic parameters. “AI and machine learning are quickly becoming valuable tools for decision making in the payments ecosystem, particularly in securing e-commerce transactions,” Net Element Vice President of Risk Shawn Brown said in the news release. “As we continue to grow, we will rely more on AI-powered technologies to assist us with day to day departmental functions and decision making.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Global technology and value-added solutions group Net Element (NASDAQ: NETE) today announced that it has launched Blade, its proprietary, fully-automated underwriting solution with predictive scoring powered by artificial intelligence (“AI”). Per the update, Blade is a software designed to reduce potential risks and decision-making time for the underwriting and on-boarding of new merchants while improving the customer experience. The system works by using proprietary algorithms to compile and analyze data points that are automatically evaluated in accordance with pre-set and dynamic parameters. “AI and machine learning are quickly becoming valuable tools for decision making in the payments ecosystem, particularly in securing e-commerce transactions,” Net Element Vice President of Risk Shawn Brown said in the news release. “As we continue to grow, we will rely more on AI-powered technologies to assist us with day to day departmental functions and decision making.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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