Amount
Amount is a digital origination and decisioning platform that enhances lending processes for banks and credit unions through AI and machine learning, offering tailored solutions for various types of lending and a cloud-first architecture.
Services
Amount offers a digital origination and decisioning platform designed to assist lenders in increasing profitability through rapid deployment and scalability. Solutions are tailored for various types of lending, including consumer lending, small business lending, and point-of-sale financing. The platform includes cognitive decisioning capabilities for credit, fraud, and compliance, aiding lenders in quickly and accurately qualifying new accounts. Adaptive customer journey solutions deliver unique omnichannel experiences to guide the lending process.
Technological Features
Amount employs a high-velocity account origination platform with features such as time-tested risk models, preconfigured workflows, and preintegrated data sets for credit, identity, and fraud analysis. The platform utilizes artificial intelligence and machine learning to enhance loan approval processes and risk management. It integrates seamlessly with existing IT systems and supports both single and multi-tenant deployment modes. The cloud-first architecture is built on Amazon Web Services, ensuring secure and reliable global operations.
Industry Focus
Amount provides tailored solutions for regional and community banks, large commercial banks, and credit unions. The company partners with PSCU to offer an integrated card solution specifically designed for credit unions. This focus allows Amount to serve a broad range of financial institutions with specialized needs, enhancing their lending processes and customer experiences.
Partnerships
Amount partners with PSCU to offer an integrated card solution tailored specifically for credit unions. This partnership leverages PSCU's extensive credit union experience and Amount's advanced technological capabilities to deliver a comprehensive lending and card service solution. The collaboration aims to enhance the efficiency and effectiveness of credit unions' lending operations.