Finscend

AI-driven Digital Onboarding Tool

Fintech & Insurtech
Non Active, Jan 2023 ceased to operate

Company Overview

Snapshot

Founded in March 2018 by Aaron Lazor and Moshe Teren, Finscend is a non-active company with 1–10 employees. In December 2018, Finscend received multiple accolades at MoneyLIVE, recognizing its innovative approach in the fintech sector.

Business overview

Finscend is an international financial technology startup that developed the AI-powered Bank Dispute Platform (BDP) to automate and streamline the credit card dispute process. The BDP enables consumers to submit disputes to their banks via smartphones and serves as an end-to-end workflow tool for financial institutions. It integrates with existing banking technology, is compatible with Visa and MasterCard schemes, and meets compliance requirements, aiming to cut dispute processing costs and improve customer satisfaction by leveraging artificial intelligence.

Strategic signal

In December 2019, Finscend signed a strategic alliance agreement with Bravatek, signaling a move to expand its reach and integrate its AI-driven credit card dispute platform into broader financial ecosystems. This partnership aimed to enhance the platform's deployment and market penetration, demonstrating Finscend's strategic validation through collaboration.

Company Intelligence Q&A

What is Finscend's primary product?
Finscend's primary product is the AI-powered Bank Dispute Platform (BDP), designed to automate and streamline the credit card dispute process for both consumers and financial institutions.
When was Finscend founded and by whom?
Finscend was founded in March 2018 by co-founders Aaron Lazor and Moshe Teren.
What was a key recognition Finscend received?
In December 2018, Finscend won multiple accolades at MoneyLIVE, highlighting its innovative solutions in the financial technology space.
Did Finscend form any strategic partnerships?
Yes, in December 2019, Finscend signed a strategic alliance agreement with Bravatek to further its market reach and platform integration.
What is the status of Finscend?
Finscend is currently non-active, having ceased to operate in January 2023.

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