Intain Augments Admin Service with Verification Agent, Employing Artificial Intelligence for Large-Volume Automated Loan Processing to Substantially Reduce Potential Errors
NEW YORK, May 24, 2022 /PRNewswire/ — Intain Inc., a leading blockchain-enabled structured finance platform for issuers and investors to connect in an efficient, secure and trusted way, announced today the availability of a verification agent module for its Intain Admin platform for integrated and seamless administration of structured finance. The addition of a verification agent provides an automated function for large-volume review and processing of loans and other assets by artificial intelligence (AI), substantially reducing errors, lowering costs and speeding up processing times of complex structured finance administration, which has traditionally been facilitated by manual processing.
UMB Financial Corporation is the first customer to activate Intain’s verification agent module, enabling substantially more efficient comparison and validation of loan attributes and certificate generation. Intain’s verification agent provides accuracy and efficiency through an automated, AI-driven and seamless end-to-end platform. This enables financial institutions to more skillfully service transactions in the structured finance market. The software can increase institutions’ potential to become the preferred resource for warehousing verified loan pools as collateral agent and gain additional business as Trustee should these loans be pooled into a securitization.
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