Global technology and value-added solutions group Net Element (NASDAQ: NETE) today announced that it has
launched Blade, its proprietary, fully-automated underwriting solution with
predictive scoring powered by artificial intelligence (“AI”). Per the update,
Blade is a software designed to reduce potential risks and decision-making time
for the underwriting and on-boarding of new merchants while improving the
customer experience. The system works by using proprietary algorithms to
compile and analyze data points that are automatically evaluated in accordance
with pre-set and dynamic parameters. “AI and machine learning are quickly
becoming valuable tools for decision making in the payments ecosystem,
particularly in securing e-commerce transactions,” Net Element Vice President
of Risk Shawn Brown said in the news release. “As we continue to grow, we will
rely more on AI-powered technologies to assist us with day to day departmental
functions and decision making.”
To view the full press release, visit http://ibn.fm/DQZkC
About Net Element Inc.
Net Element (NASDAQ: NETE) operates a payments-as-a-service
transactional and value-added services platform for small to medium enterprise
(“SME”) in the United States and selected emerging markets. In the U.S., the
company aims to grow transactional revenue by innovating SME productivity
services using blockchain technology solutions and Aptito, the company’s
cloud-based, restaurant and retail point-of-sale solution. Internationally, Net
Element’s strategy is to leverage its omni-channel platform to deliver flexible
offerings to emerging markets with diverse banking, regulatory and demographic
conditions. Net Element was ranked as one of the fastest-growing companies in
North America on Deloitte’s 2017 and 2018 Technology Fast 500. In 2017, Net
Element was recognized by South Florida Business Journal as
one of 2016’s fastest-growing technology companies. Further information is
available at www.NetElement.com.
NOTE TO INVESTORS: The latest news and updates
relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE
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