NEWPORT BEACH, Calif. – Oct. 24, 2016 – In a relationship to offer the most advanced machine learning technologies commercially available to the consumer credit scoring ecosystem, Lantern Credit™, a financial technology company working to solve systematic inefficiencies in the consumer credit industry, has engaged with Saros, a leader in cognitive Artificial General Intelligence (AGI) solutions for financial firms.
Saros is the financial industry partner of Trusted Autonomy, Inc., a world leader in Artificial Intelligence and Cognitive Cloud Computing. Trusted Autonomy, and its parent company Beyond Limits, have the exclusive commercial license and access to the advanced Cognitive Artificial General Intelligence technologies developed by NASA, JPL and Caltech over the past 20 years. Saros will work to deliver the Beyond Limits’ Cognitive AGI and Cognitive Agent Cultivation and Reasoning to perform human like reasoning and individual intent with rapid, continuous, autonomous learnings to Lantern Credit™. The engagement brings together three companies dedicated to exploring ways to deliver revolutionary technology to the financial sector.
“Lantern Credit™’s revolutionary consumer credit products will be the perfect showcase for our cognitive AGI solutions and will hand consumers much needed tools to manage and improve their credit scores and financial wellness,” said Saros Founder and CEO, Tripp Potter.
“Our cognitive AI team is thrilled to be working with Saros and Lantern Credit™ to develop more accurate, transparent and real-world behavioral and intent-based credit predictions and prescriptions to aid both financial and lending institutions as well as consumers,” said AJ Abdallat, CEO and Co-Founder of Beyond Limits, Inc. “The resulting solutions can diagnose risk, measure intent, predict behavior, act, respond, learn, and reason autonomously.”
The patent-protected Lantern Credit™TM Platform integrates and enhances key components of the consumer credit ecosystem by removing inefficiencies that hinder financial institutions and consumers working together to build financial wellness. Lantern intends to leverage these technologies to better match consumers and financial institutions with credit and financial products.
“The future of consumer finance lies in both better data and better analysis. Whether a financial institution or retailer is making a decision on a consumer or a consumer is deciding what actions to take to improve his or her financial wellness – data and machine intelligence are the future,” said Chad Swensen, CEO of Lantern Credit™. “Our relationship with Saros will provide our partners in the financial industry with the best possible decisions available to enhance their lending, debt repayment, and understanding of the financial situation of their customers. This will enable the financial institutions to provide insights and tools to improve their customers’ overall financial wellness.”
About Lantern Credit™
Headquartered in Newport Beach, Calif., Lantern Credit™, LLC is a financial technology company working to solve systemic inefficiencies in the consumer credit market by developing a proprietary platform that integrates and enhances key components of the consumer credit, debt, credit reporting and scoring industries. The Company’s transformative technology, including the Interactive Credit ReportTM, empowers consumers to model the impact of their financial actions on their credit scores, make payments, and accept new credit offers. The Lantern Platform can be licensed by financial institutions, strategic partners, and credit reporting agencies. For more information, visit www.lanterncredit.com.
Saros delivers financial market solutions using the best-in-class Cognitive Artificial General Intelligence – developed by NASA, JPL, and CalTech over the past 20 years. Originally designed for unmanned space flights, this best-in-class cognitive AGI has been proven in space, deep space, and commercial applications. Saros is the first and only provider of this cognitive AGI to the financial industry in areas such as investments, funds, and trading, banking, consumer credit, and more. For more information, visit www.saros.cc.
About Beyond Limits and Trusted Autonomy
Beyond Limits, Inc. is the parent company for Trusted Autonomy, Inc. (IoT Cognitive Agents), Beyond Limits Life Sciences, (Health Management Insights), and Mobila (IoT Real-time Content Delivery Network). Launched in 2012, as a Caltech/JPL startup, Beyond Limits leverages the expertise and technologies from the leaders in Artificial Intelligence and Cognitive Cloud Computing from NASA’s Jet Propulsion Laboratory (JPL) based on 20 years of proven success supporting NASA and the Space Program. For more information, visit www.beyond.ai.