If you are a lender wishing to offer a real-time decisioned credit solution based on machine learning algorithms, then CogniFrame is the partner for you.
CogniFrame is a machine learning platform offered as “Cognitive as a Service” that combines experimental data with multiple data elements provided by clients to deliver predictive analytics for real-time decision making. The platform uses proprietary machine learning algorithms to find anomalies and patterns based on historical and real-time data and combines those with behavioral and social media data to support decisioning on credit applications.
Offered under a SaaS model, the CogniFrame platform is very affordable but meets the stringent security requirements of financial institutions. Lenders can use the platform to offer real-time credit solutions- loans, lines of credit, mortgages, trade credit, etc.
Unlike standard lending models that depend entirely on credit scores, we help lenders make decisions in scenarios where credit history is unavailable.
CogniFrame uses an alternative method that combines adaptive learning with personal and business application data into one simple easy to use model that helps you make instant decisions on credit requests from new clients. Our rating models are dynamic and client ratings are constantly updated as repayment information is received.
Being a CaaS solution, our Machine Learning is not limited to data from any one source. It learns from all data across client segments.
CogniFrame Inc. was founded in Toronto, Canada in early 2016 by Visweswaran (Vish) R, who has had considerable senior level experience both in financial services and technology. Besides previous stints in senior leadership roles with both Scotiabank & HSBC covering retail banking, payments, etc., he has significant global business experience. Vish also worked previously as a Vice President & Officer of the U.S Subsidiary of BCE Emergis (Emergis Technologies) and currently also owns and operates a technology company (www.logistrics.com ) in the mobile dispatch, scheduling and tracking space serving the transportation sector including the largest crew hauler in the U.S. Logistrics is in its 11th year of operation. He has also held board positions in a number of startups. Vish holds an Economics degree and an MBA both from the University of Mumbai, India.
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A visionary banking leader and expert in financial services, he is known for molding The Bank of Nova Scotia into Jamaica’s leading financial institution as their President/CEO from 1995 to 2008 where he directly oversaw 1900 employees, boosted assets from US$1.0 billion to US$3.7 billion with a 10 year CAGR of 19.6%, achieved net profit increases for 12 consecutive years, from US$33.0 million to US$105.0 million with an 11 year CAGR of 15.2%, grew stockholder equity from US$79.0 million to US$485.0 million and secured a major competitive advantage for the bank through the 2006 acquisition and integration of Dehring Bunting and Golding Limited, the 4th largest brokerage in Jamaica. Mr. Clarke is a recipient of the Order of Jamaica (2007) for sterling contribution to Banking and Public Service, Government of Jamaica as well as several other awards. He has held a number of distinguished positions during his distinguished career including as Chairman, National Export-Import Bank of Jamaica Limited, President of Jamaica Bankers Association (5 terms), Director of Maduro and Curiels Bank N.V, Curacao, Director of the International Center for Nuclear and Environmental Sciences, Chairman of the Mona Campus Council & Council Member(all at the University of the West Indies), Chairman of Jamaica Electronic Transfer System Ltd. (JETS) and Chairman of The Action Committee for Medical Volunteers, established by the Governor General of Jamaica. He holds an Advanced Management Program (AMP) and International Senior Managers Program (ISMP) Harvard Business School, Boston, MA and is a Fellow, Institute of Canadian Bankers (FICB), Montreal, Canada
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Bernard has considerable experience in technology and software development. He has been the technology lead of a company (www.logistrics.com) in the mobile dispatch, scheduling and tracking space serving the transportation sector including the largest crew hauler in the U.S. Logistrics is in its 11th year of operation. He has served in multiple software development and design roles across many industries including telecommunications, mobile, finance and networking. Bernard holds a Computer Engineering degree from the University of Waterloo.
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Stephen has over 20 years experience in financial services. He has held roles in product development, product management and business development at major financial institutions as well as two payment associations, Visa and Interac. Through those roles, he has considerable experience in successfully selling new product and services to financial institutions. Stephen has a BA from Western University in London and an MBA from Dalhousie University in Halifax.
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Venkat is a Banking, Payments & Risk professional with over 25 years of industry experience and in-depth exposure to markets in Asia, Middle-East, Western & Eastern Europe and Americas having handled several country, regional and global assignments in institutions like American Express and ABN Amro Bank. Presently, Venkat is based in Dubai and heads the Franchise Integrity function for Middle East and Africa Regions for MasterCard. Venkat is a specialist in Risk management in the Retail Banking & SME and Payments space having held several senior risk roles encompassing Credit, Operations & Fraud Risk during his career. Venkat is also a passionate trainer and speaker on Banking, Payments and Risk topics and has been involved in several workshops, seminars and conferences globally for over 25 years.
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Eli is the CogniFrame technical consultant, holds a computer science degree from McMaster and is a data scientist who previously founded a sports data analytics firm in Kitchener-Waterloo which employed 5 people. His team was able to use predictive models in order to project an athlete’s statistical performance to a high degree of accuracy. He has served in multiple software development and design roles across many industries including aerospace & defense, semiconductors, mobile, automation and robotics.
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Yash holds an Engineering Degree and helps build out many of the key parts of our solutions. He is a keen learner and loves all kinds of technologies.
Read MoreCogniFrame is a machine learning platform offered as “Cognitive as a Service” that combines experimental data with multiple data elements provided by clients to deliver predictive analytics for real-time decision making. The platform uses proprietary machine learning algorithms to find anomalies and patterns based on historical and real-time data and combines those with behavioral and social media data to support real-time decisioning.
CogniFrame serves the Fintech and Secure-tech space. Its supports credit decisioning on standard loans, sub prime loans, mortgages, trade credit, etc. CogniFrame is run by professionals with significant multi-industry experience providing them a unique view of the market. Its solutions can work with or independent of credit scores.
Its solutions are market tested and it works collaboratively with Lenders, Universities, Ontario Centres of Excellence(OCE) and other partners, It was the first Company to be funded by OCE under its Cyber Security Fintech Program in 2017.
CogniFrame was founded in 2016 and is located in Toronto Canada.
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