September 1, 2020 (Atlanta, GA) – Republic Bank of Chicago partners with Atlanta-based FintechFintech is a term used to describe financial technology. This often refers to the innovative use of technology to provide consumers and businesses with financial services. This can include banking, payments, investments as well as insurance services. Modern Fintech companies use digital platforms, data analytics and automation to offer an efficient and user-friendly solution to their clients. More DataSeers for their innovative fraudFraud is defined as a deliberate and deceptive act carried out with the intent to gain an unfair or unlawful advantage. Fraud is mostly associated with deceit, misrepresentation or concealment of information in order to gain a financial advantage and personal gain. The term fraud encompasses a wide range of dishonest activities, including but not limited to creating false statements,... More and complianceCompliance is used to refer to the adherence to laws, regulations and industry standards within a specific business or financial context. Compliance can involve implementing policies and procedures to ensure that an organisation and individuals within an organisation operate within legal as well as ethical boundaries. More management solution. The bank will be using the latest and most advanced version of FinanSeer, an artificially intelligent solution specifically designed for the banking and payments space.
DataSeers has an extensive experience focused within the prepaid space. The company has been helping businesses with their most vital back-office operations such as complianceCompliance is used to refer to the adherence to laws, regulations and industry standards within a specific business or financial context. Compliance can involve implementing policies and procedures to ensure that an organisation and individuals within an organisation operate within legal as well as ethical boundaries. More, reconciliation, fraudFraud is defined as a deliberate and deceptive act carried out with the intent to gain an unfair or unlawful advantage. Fraud is mostly associated with deceit, misrepresentation or concealment of information in order to gain a financial advantage and personal gain. The term fraud encompasses a wide range of dishonest activities, including but not limited to creating false statements,... More, and analytics. The comprehensiveness nature of the solution is what makes it truly unique.
“We are excited to have Republic Bank of Chicago as a client and are looking forward to this relationship as we build some unique tools as a part of FinanSeer,” commented Adwait Joshi, CEO and Chief Seer at DataSeers.
“The DataSeers solution will play an integral role in Republic Bank’s rapidly growing sponsorship and BaaS solutions, and we are excited to start realizing the benefits of all the system has to offer” stated Cami Cantrell, SVP/Bank Sponsorship Program, of Republic Bank of Chicago.
About Republic Bank of Chicago
Founded in 1964, Republic Bank is home to 19 locations in the Chicagoland area. Known as Chicago’s hard-working bank, Republic is proud of its local roots and commitment to community. We recognize the importance of being a fiscally sound bank, especially in this current economic environment. With over $2 billion in assets, $230 million in capital strength and a capital-to-asset ratio of over 10.00%, we exceed the federal definition for a “well capitalized” bank. We expect to work hard for the next 55 years, and beyond, to help our customers meet their goals. Member FDIC. Equal Housing LenderA lender is an organisation, individual, or institution that makes funds available to borrowers with the expectation of the funds being repaid, typically with interest or fees incurred. Lenders could include credit unions, banks, online lending platforms, and other financial entities. More. NMLS ID# 40588.
More information is available at www.republicEbank.com, or follow us on Facebook, Instagram, LinkedIn, or Twitter.
About DataSeers
Atlanta-based DataSeers has engineered a unique solution for effectively harnessing complex data. Its FinanSeer software is AI-powered and specifically designed to help banks and payments companies greatly improve their reconciliation, complianceCompliance is used to refer to the adherence to laws, regulations and industry standards within a specific business or financial context. Compliance can involve implementing policies and procedures to ensure that an organisation and individuals within an organisation operate within legal as well as ethical boundaries. More, fraudFraud is defined as a deliberate and deceptive act carried out with the intent to gain an unfair or unlawful advantage. Fraud is mostly associated with deceit, misrepresentation or concealment of information in order to gain a financial advantage and personal gain. The term fraud encompasses a wide range of dishonest activities, including but not limited to creating false statements,... More detection and analytics. DataSeers was recognized by the Technology Association of Georgia as one of its “Top 40 Technology Companies” two years in a row. The company has also received the LexisNexis® Risk Solutions HPCC Systems® Community Recognition Award for creating a “Truly Unique Solution” leveraging the HPCC Systems open source, data lake platform. DataSeers was among Atlanta Inno’s 2019 “50 on Fire” companies in Georgia. The company was also a winner in the New to Export category at the 2019 GLOBE Awards presented by the Georgia Department of Economic Development.
For more information, visit www.dataseers.ai or follow it on LinkedIn, Twitter, Facebook and Instagram.