Amount Announces Cloud-Based Account Verification Platform

CHICAGO, April 9, 2019 /PRNewswire/ -- Amount, a leading technology platform for financial institutions, today announced AmountVerify, a cloud-based platform for risk management across financial products. AmountVerify marks the first time industry leading fintech provider Avant is making a component of its cutting edge online lending platform available to financial service companies as a standalone product through Amount.   

AmountVerify is an end-to-end cloud-based platform that facilitates digital account opening verifications across multiple consumer financial products, including personal loans, credit cards and deposits. Specifically, the platform handles all aspects of account verification, including identity management; income and employer verification; and Know Your Customer (KYC) and Customer Identification Program (CIP) requirements. With AmountVerify, financial service companies have access to a customizable platform with a suite of best in class identity and verification tools that enable them to configure their own strategies, utilize default rules and settings to segment and mitigate risk, and white label both consumer and agent interfaces.

"Until now, account verification has still been too time consuming and difficult. There is a real need for a cutting-edge, one-stop technology solution for account verification, and it's a void we can fill with technology we've already been using at Avant," said Al Goldstein, CEO of Avant. "With AmountVerify, we're making the latest version of our own account verification technology available to the market, which gives financial services companies access to our finely tuned technology and proprietary risk scoring."

AmountVerify will be available to banks and financial services companies in late 2019.

About Amount:
Amount delivers the technology that financial institutions need to create and enhance their digital credit offerings. Built by lending industry veterans, Amount helps partners go digital in months—not years—with a suite of proven product modules for credit decisioning, fraud prevention, account verifications, servicing engines and CRM solutions. Amount partners can optimize performance across product categories by tapping into various service offerings including customer acquisition, funnel and performance assessments, and risk consulting & analytics. Amount clients include financial institutions collectively managing close to $1T in US assets and servicing more than 25 million U.S. customers. Visit www.amount.com for more information.

About Avant: 
Avant is a high growth financial technology company, dedicated to lowering the barriers of borrowing for all consumers. Since 2012, Avant has secured more than $4 billion in funding and connected customers to over $5 billion through 800,000 transactions and counting. Through big data and machine learning, Avant's mission is to provide better access to responsible financial products. Avant has been featured in The Wall Street Journal, The New York Times, TechCrunch, Fortune, Bloomberg, and has raised over $600 million of equity capital. Visit www.avant.com for more information.

Media Contacts:
Jenn Pratt
Keeton PR
404.655.2273
[email protected]

SOURCE Avant

Related Links

http://www.avant.com