— First half of 2020 sees Tavant fintech business expanding into banking, payments, and proptech —
SANTA CLARA, Calif.–(BUSINESS WIRE)–#digitallending—Tavant, a Silicon Valley-based provider of AI-powered digital technologies, today announced key success milestones of its Fintech business achieved in the first half of 2020. While many companies were forced to scale back due to the pandemic, Tavant expanded its Fintech and digital lending practice by enhancing its digital platforms and added new retail banking and proptech partners.
Tavant’s core growth acceleration comes through the debut of its Digital Software Factories (“Digital Factory”). Tavant’s Digital Factory is an execution framework that leverages institutional knowledge, an optimized resource structure, and metrics, resulting in a transparent, repeatable, and streamlined process to evaluate business requirements for each transformational initiative and formulate an accelerated execution plan. These high-tech engineering factories consist of specialized teams to further the unique business goals of Tavant’s customers in a quick and agile process.
Additionally, Tavant boosted its growth with its recent expansion into the financial domains of banking, payments, and proptech. “Tavant has begun work for digital payments companies and retail banks that are looking to apply efficiencies and increase the speed to market of their operations,” said Sarvesh Mahesh, CEO, Tavant.
As Tavant continued to onboard new clients in the first half of the year, its FinConnect platform successfully processed more than 16 million mortgage transactions. FinConnect, a component of Tavant’s AI-powered digital lending suite of products, VΞLOX, seamlessly connects the internal and external systems of the mortgage ecosystem, enabling an end-to-end, seamless digital mortgage experience.
Mahesh added, “We continue to see volumes spike across retail, wholesale, and direct to consumer lending channels. Incredibly low-interest rates and high refinance volumes yielded a massive increase in transaction volume, further highlighting the resilience of FinConnect and its proven ability to provide a seamless experience.”
Tavant’s growing customer base originates one out of every four loans in the U.S. Tavant’s VΞLOX suite of products solves many lender and borrower challenges, while maximizing data-driven processes and improves customer experience through fundamental changes in customer journeys and persona mappings.
About Tavant VΞLOX
Tavant VΞLOX is the industry’s leading AI-powered digital suite of products that maximizes the use of data-driven processes in the automation of the loan origination lifecycle. It brings true digital disruption to the mortgage industry with an immersive omni-channel experience and high velocity execution from home discovery to loan funding.
Headquartered in Santa Clara, Calif., Tavant is a digital products and solutions company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs more than 2500 people and is a recognized top employer. Tavant is creating an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies, and improving collaboration.