Customers on one topic
How Lenders Verify a Business With AI: KYB, SOS, and SAFER (Customer Stories)
Chapters
Transcript
What each customer said on camera, by chapter. Captions are lightly corrected for product and company names.
Full transcript
Quality Equipment Finance: vendor, business, borrower
It also has like know your vendor, know your business and borrower. So we're looking on the Kaaj portal for like the SAFER report, SOS report, business address, residential address, just to make sure everything's kind of matching what we see. And it also helps us get to know the borrower. Instead of us going on a deep dive on the web and trying to find different websites and links and reviews, they do a really good job of kind of scraping that all off the internet, which helps us get to better understand the borrower. Sometimes we get a deal and it's just like, hey, we have one for you and there's no write-up, which just spends a lot of time trying to figure out the deal or calling the customer or the broker to figure out what's going on, why they need the equipment. So having all that right inside the Kaaj portal is extremely
Eagle Crusher: comps, credit, online research
Yeah, there was some requirements that we had for the project and I kind of talked that through with your team. And it was kind of how we do things and how we set things up and whether we could do fair market value analysis on equipment and get comps for equipment to also pull credit bureaus and have that ability to be able to just do the online research instead of us having to click and go through all the sites, getting all the positive, negative, good press, bad press, the SAFERs, the secretary of states, all that stuff. So we didn't have to actually pull that now. It actually gets all pulled by Kaaj and it makes, like I say, it reduces the amount of time it takes us to review the deal and to actually get the deal ready for the banks to take a look
Finance Pros Inc: red flags in seconds
I love all the AI analytics and bank analytics. It's the first thing I look at. I love the fact that it gives me a write-up up front of what it saw in this file, right? So yesterday we received one, he didn't put a social, the names didn't match with the registration. All these things are red flags that I would have had to manually look for or even I might miss it, right? So this did in a matter of seconds and gave me all the pointers as to you need to look into this. I love
Finance Pros Inc: 50 states, verified
I love also that it does verify the state registration. This is really important. We're in 50 states. I only know Florida, right? So that's really important. It does it for me. And then know your business, know your customer, the KYB, you know, so it's really
