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Multiply Mortgage Raises $23.5M to Revolutionize Employee Mortgage Benefits
Multiply Mortgage is transforming homeownership by integrating mortgage benefits into employment packages. Recently, the company secured $23.5 million in Series A funding, led by Kleiner Perkins, bringing total funding to $27 million. Founded in 2022, Multiply Mortgage offers an AI-driven mortgage origination platform with expert advisors, ensuring competitive rates and personalized service. The new funding will support an initiative providing lower-rate mortgages as an employee benefit, enhancing financial wellness and making homeownership more accessible. This innovative approach aims to attract and retain talent while alleviating burdens on employers, marking a significant advancement in employee benefits.
Exaforce Secures $75M Funding to Transform Security with Multi-Model AI Innovation
Exaforce, a cybersecurity and AI firm, has raised $75 million in Series A funding led by Khosla Ventures, Mayfield, and Thomvest Ventures. The funds will be used to enhance their Agentic SOC Platform, Exabots, aimed at reducing human workload in Security Operations Centers (SOCs). Founded by experts from Google and Palo Alto Networks, Exaforce’s innovative platform combines large language models with other analytical models to improve SOC efficiency and tackle issues like alert overload and skill shortages. Collaborations with over 10 enterprise partners have achieved significant efficiency gains, validating Exaforce’s approach to AI in security operations.
Boosting Workforce Payments: Papaya Global Partners with Sumsub for Seamless Solutions
Papaya Global, a US-based workforce payroll and payments platform, has partnered with UK’s Sumsub, a provider of compliance and verification solutions. This collaboration aims to enhance Papaya Global’s verification processes by integrating advanced AI tools for fraud prevention and regulatory compliance. Amit Levi, Papaya’s SVP of Product, highlighted the importance of security in global payments, stating that the partnership will strengthen their compliance engine. Sumsub’s CEO, Andrew Sever, expressed excitement about creating a safer digital future through efficient verification and onboarding. Together, the companies aim to redefine global workforce payments with a focus on compliance and security.
Unlock Valuable Insights: Transform Raw Data with Symfa’s Innovative Solutions
Symfa, a leading software development company, specializes in transforming complex datasets into actionable insights, crucial for businesses navigating data management. Recently, they tackled a project for a major freelance platform, aiming to clean and standardize a large database of job postings. Symfa migrated data from MongoDB to Snowflake for better analysis, using Python and DVC to manage it efficiently. They standardized city names using GeoNames and the Levenshtein distance algorithm, enriched the dataset with demographic data, and eliminated irrelevant columns. This meticulous process resulted in a streamlined dataset ready for deep analysis and predictive modeling. For more details, visit Symfa’s blog.
SouthTrust Bank Partners with Jack Henry to Revolutionize Technology Infrastructure
Jack Henry has partnered with SouthTrust Bank to modernize its technology infrastructure and enhance operational efficiency, supporting the bank’s growth objectives. Founded in 1934 in George West, Texas, SouthTrust Bank manages approximately $550 million in assets and operates eight locations. The collaboration will automate processes, streamline workflows, and improve fintech integration through Jack Henry’s core processing system and Digital Platform, offering services like Zelle® and Apple Pay. CEO Steve Jackson highlighted the partnership’s importance for meeting evolving customer needs. The bank aims to reach $2 billion in assets in the next decade, focusing on expansion and innovation in community banking.
Equifax UK Launches Innovative Financed Emissions Calculator to Boost Sustainability Reporting
Equifax UK has launched the Financed Emissions Calculator, a revolutionary tool designed to enhance sustainability reporting in the financial sector. Developed in collaboration with CienDos, this cloud-native solution automates the calculation of financed emissions, which can account for up to 95% of a financial institution’s total carbon output. The calculator improves accuracy, supports regulatory compliance, and enables real-time emissions tracking, addressing traditional challenges like poor data granularity and traceability. Equifax UK ESG Product Manager Brad Davies emphasized the importance of financial institutions in combating climate change, while CienDos CEO Julia Salmond highlighted their shared goal of simplifying carbon reporting.