13 September 2017

SamePage begins development on a cognitive business solution using IBM Watson APIs on IBM Cloud to underwrite loan applications and improve risk assessment.

Cardiff, UK – 14 Sep 2017: SamePage Group Ltd has been selected in phase two of the Watson Build challenge to develop its cognitive business plan, which applies IBM Watson APIs to automatically underwrite loan applications and improve risk assessment, into a working prototype on the IBM Cloud. IBM will provide SamePage with access to IBM development tools, business mentors and cognitive specialists to bring its concept to life.

The Watson Build challenge is IBM’s first cognitive challenge designed solely for Business Partners. In phase one, IBM received hundreds of business plan submissions from business partners around the world. In phase two, select Watson based solutions were chosen to progress to the next phase where partners will build working prototypes to demonstrate these cognitive products and services.

“The response to our first-ever Watson Build challenge for business partners has been phenomenal,” said John Teltsch, General Manager, IBM Global Business Partners. “We congratulate SamePage for presenting a strong business plan centered around IBM Cloud and Watson and progressing to the next round of the challenge. We look forward to supporting SamePage as they work on a prototype for their digitally enabled Loan Origination Platform, with the goal of bringing it to our joint clients”.

SamePage offers a business-empowered software solution for financial institutions. As a result of the Watson Build challenge, it also plans to incorporate Watson APIs as part of the risk assessment process, which the company expects will consequently lower the cost of managing credit and loan applications while significantly improving the accuracy of credit risk assessment. The SamePage platform supports an entirely digital end-to-end process including the quote, application (via web, mobile and electronic channels), assessment, pricing, fulfilment and issue of funds. This process is optimised to deliver significant benefits in terms of speed of service and cost of processing.

The SamePage Watson Build prototype will initially focus on using Watson APIs to provide product functionality based on previous spending behaviour, income sources and certainty of payment. To do this, SamePage will use several IBM Watson APIs, including:

• Watson Discovery,
• Watson Natural Language Classifier,
• Watson Tone Analyser and
• Watson Natural Language Understanding.

Robert Evans, SamePage Product Director, said “We are thrilled to have been selected for phase two of this prestigious project and the potential value it will deliver within our innovative platform”. SamePage Technical Director, Gavin Johns, also added “We see the use of AI in underwriting and risk assessment as a logical next step in our business plan to improve and simplify the entire financial application process. The IBM Watson Build program offers us a proven platform upon which we can further build our machine learning and AI technical strategy”.

This is SamePage’s first time developing a solution with AI technologies, and initial feedback from customers has been overwhelmingly positive. As lenders evolve their risk assessment strategies and processes, they are looking at newer fintech solutions to support data analysis and enrichment and also patterns that can identify good, poor or even fraudulent applications; AI — and IBM Watson in particular — is a key component capable of delivering such strategies.

With its Loan Origination Platform prototype, SamePage aims to use IBM Watson to deliver a platform with unique, cognitive capabilities in the loan application market.

SamePage Group Ltd is an IBM Business Partner in IBM PartnerWorld, a program that gives channel partners the resources and tools they need to succeed in the Cognitive Era.

For more on the Watson Build, click here

About SamePage Group Ltd
SamePage Group Limited is an independent Financial Technology company based in Cardiff, United Kingdom. For more information, visit http://www.samepagegroup.com/

For more information, please contact Gavin Johns at SamePage Group Ltd via info@samepagegroup.com

8 May 2017

Fintech start-up founded by financial services development experts with over 50 years’ experience in the sector.

Cardiff, UK – 9 May 2017:Financial technology start-up, SamePage, which aims to simplify the entire loan application process for the finance sector by providing an entirely digital customer journey, has officially launched (May 9th).

SamePage has been set up by Rob Evans and Gavin Johns, who have over 50 years’ combined experience in product and service development working with blue-chip companies in the UK and globally. The SamePage cloud-deployed platform supports the entire lifecycle of a loan, from quote and apply, through to fulfilment and disbursement of funds.

The platform is designed to deliver a highly-automated process, reducing costs for lenders while minimising the completion time for the borrower. An on-line self-service portal, supporting fully customised branding, provides the borrower with real-time updates on the progress of their application.

On launching the business, Director of Product, Sales and Marketing, Rob Evans, added: “Our objective at SamePage is to develop solutions that enable financial organisations to simplify processes and transact seamlessly and cost effectively with their customers. The platform is suitable for start-up organisations as well as established financial institutions looking to upgrade their existing systems and improve their customer journey.”

Company Director Gavin Johns added: “We are excited about the benefits SamePage offers this sector. Our model is entirely focused on ease of integration, reducing traditional implementation time, which averages at 3-6 months, to less than a month. The platform will also provide a range of ready integrated third party services, such as credit reference agency, electronic signatures and open banking APIs, allowing our customers immediate access to both traditional and new technologies and service providers.”

Rob Evans has over 25 years of experience in consultancy and proposition development in the lending, investment and insurance sectors and has previously worked with Barclays, Fortis and LV=. Gavin Johns has over 24 years’ experience, spanning both financial and telecoms sectors and has supported blue-chip clients worldwide, including AT&T, O2 Telefonica and Vodafone.

More information on SamePage and its platform can be found at http://www.samepagegroup.com/

For more information, please contact Gavin Johns at SamePage Group Ltd via info@samepagegroup.com

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