Artificial Intelligence Business Fintech Machine Learning News

Ontario Systems Acquires Pairity to Embed the Power of Machine Learning in Its Industry-Leading Collections Technology

B. Riley Financial Completes Acquisition of National Holdings Corporation, Creates Meaningfully Enhanced Wealth Management Platform

Ontario Systems, a leading provider of enterprise software that automates complex workflows, accelerates revenue recovery and simplifies the payment process for healthcare, accounts receivable management (ARM) and government clients, today announced its acquisition of Pairity, a cutting-edge provider of artificial intelligence (AI) and machine-learning capabilities that allow collection teams to maximize revenue recovery by uncovering new data insights at scale.

Read More: Reef Finance Becomes the Marquee Project in Pioneering Decentralized Finance with Binance, the World’s Largest Cryptocurrency Exchange

Pairity’s advanced AI technology extracts and surfaces actionable patterns, allowing collectors to continually adapt their contact strategies. With this integrated functionality, Ontario Systems’ collection platforms will help clients significantly enhance productivity and collection results.

“Pairity shares Ontario’s commitment to creating intelligent workflow solutions that streamline the collections process and accelerate payments,” said Ontario Systems CEO Tim O’Brien. “Pairity’s technology strengthens our ability to drive value for our clients and provides another foundation from which we can continue to innovate.”

Read More:  GlobalFintechSeries Interview with John Dangoia, VP and Head of Product Management at Infosys Finacle

Recognized as the most innovative product at the 2019 CollectTech conference, Pairity allows users to continuously identify accounts with the highest probability of successful collection. Collectors in turn require fewer phone calls to realize value, increasing efficiency and revenue.

“We greatly look forward to joining Ontario,” said Greg Allen, CEO of Pairity. “Their proven track record of success in delivering enterprise workflow, collection, and payment solutions is the perfect platform on which to expand the reach of Pairity’s innovative approach to collections.”

This acquisition follows Ontario Systems’ acquisition of SwervePay in May 2020 as part of Ontario Systems’ growth and SaaS-transformation strategies designed to deliver faster innovation and increasing business value to thousands of clients nationwide.

Read More:  How the Trends of Today Affect Financial Institutions Tomorrow

Related posts

Mutualista Pichincha is Harnessing Creatio’s One Platform to Automate Finserv Workflows

PR Newswire

Temenos Helps Challenger Banks Go Live In Weeks With New Banking Services On The Temenos Banking Cloud

Fintech News Desk

New BankTech Ventures Fund Names Entrepreneur & Fintech Investor Managing Director

Fintech News Desk
1