Listen to this articleBelow is our recent interview with Jesse Berger, COO of ValidiFi:
Q: You’ve recently changed your name to ValidiFi; could you tell us something more?
A: We have relaunched as ValidiFI, in order to better reflect our company’s growth and vision, including our expanded capabilities in delivering data solutions and payment technologies for the financial services industry. ValidiFI embodies what we are trying to do, support and enhance the abilities of financial institutions with proven technology.
Q: Can you give us insights into your products?
A: ValidiFl solutions create better ways for our clients to meet compliance requirements, obtain customer insights, measure risk, decrease fraud, expand their ability to accept new customers, successfully process payments and more. Our proprietary technology combines machine learning algorithms, live Payment Instrument data, processing history, income verification and other real-time data to help financial institutions make smarter credit and payment decisions.
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Q: What is the difference between Payment Instrument and payment history data?
A: Payment history is simply the customer’s account of transactions. Payment Instrument data is derived from the transactions and attributes associated with debit cards, pre-paid cards, credit cards, bank accounts, and payment processors, it encompasses information such as ownership data (name, address), income history, expenses, and balances.
Q: What can we expect from ValidiFi in the future?
A: We have established key relationships and firmly positioned the company in several niche markets. Looking forward, we will begin pursuing larger market opportunities and expanding our platform’s capabilities, by continuing to enhance our ValidiFI platforms with the very latest data technologies.
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