After 22 years as an electronic payments provider, Cash Flow proudly joins forces with Transaction Science, a groundbreaking predictive analytics company, to form RIBBIT.
RIBBIT combines payment processing and bank data analytics to empower financial decisioning with better data and superior outcomes
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.
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The 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.
“One of the most difficult factors to understand when evaluating credit has always been affordability,” says Steven Thompson, Chief Data Scientist of RIBBIT. “Our RevealedAffordability™ technology combined with 22 years of Cash Flow Solution’s payment experience provides a realistic and instantaneous evaluation of that affordability so consumers and businesses have more opportunities.”
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The Path Forward
Long before the pandemic began, the two companies recognized the inherent weaknesses in using traditional methods to onboard new customers. Shawn Princell, CEO of RIBBIT, explains that “the process to underwrite credit and ACH payment applications is extremely fragmented, especially in today’s economy. We’ve found that combining AI with bank data can more accurately predict affordability, payment risk, and KYC traits. RIBBIT brings together 160+ years of experience in payment and credit decisioning to resolve these problems within a single API.”
As a privately-owned and funded business, RIBBIT is excited to explore new strategic partnerships and global expansion.
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