DataCRaiM launches business verification tool for equipment lenders
Platform includes automated compliance processes, lifecycle event alerts
AI solutions provider DataCRaiM has launched BizIntellect, a business identity verification tool designed for equipment financiers.
The platform, built on Salesforce and powered by Middesk, aims to accelerate due diligence, enhance compliance and improve deal flow with real-time intelligence and automation, according to a July 30 DataCRaiM release. The tool eliminates the need for third-party applications and data re-entry, helping teams approve deals faster while reducing fraud and risk exposure.
“In equipment finance, speed and trust are critical,” DataCRaiM Chief Executive Rohan Marfatia stated in the release.
Features of the tool include alerts for lifecycle events like mergers and bankruptcies, scalable operations with fewer manual follow-ups and automated compliance processes for Know Your Business, Know Your Customer and anti-money laundering requirements.
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