Plano-based Digital Matrix Systems is partnering with New York City-based fintech Stratyfy to support both companies’ common goal of helping leading institutions improve process and mitigate risk.
Founded in 1982, Digital Matrix is an international risk management solution provider that helps clients leverage the power of data to make better-informed business decisions. Founded in 2016, Stratyfy is a leader in decision optimization for financial institutions and is enabling data-driven growth without added risks or the need for in-house data experts.
Stratyfy’s proprietary decisioning approach paired with DMS’ data solutions enable mid-market lenders to easily automate and incorporate AI/ML into their credit decisions.
“DMS is committed to seeking solutions that are complementary to our solution suite and align with our mission to help lenders achieve the best possible outcomes,” Aaron Trentacosta, EVP of Digital Matrix Systems, said in a statement. “Stratyfy has an outstanding offering and shared commitment to driving improved outcomes, which makes the alliance between our companies a great fit.”
Aiming to increase resources for smaller lenders
With smaller lenders faced with fewer resources, Stratyfy said it has made it the company’s mission to ensure transparency is built into its offering from the ground up. Not only does that allow lenders to easily explain and interpret how credit decisions are made, but it also speeds up the model risk management process allowing for quicker, safer deployment of new strategies.
By bringing together DMS’ data solutions and Stratyfy’s decisioning approach, the companies say lenders can “confidently adopt AI and machine learning,” helping them generate data-driven growth.
“At Stratyfy, we’re focused on leveling the playing field for smaller lenders by providing access to cutting-edge transparent AI and machine learning solutions,” Stratyfy CEO and co-founder Laura Kornhauser said in a statement. “We’re thrilled to be working with a market leader like Digital Matrix Systems to enhance our ability to deliver powerful, data-driven insights. Together, we can help smaller institutions make better credit decisions quickly and confidently.”
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