AmeriTrust Announces Hiring of Data Scientist and Launch of AI Initiatives
AmeriTrust Financial Technologies (PWWBF) has announced the appointment of Mozhgan Parsa, PhD, as Data Scientist to enhance its automotive finance platform with AI capabilities. Parsa will collaborate with CTO Xia Zhang and CIO Sean Severin to integrate AI functionality into the company's proprietary lease and loan finance technology.
The AI initiatives will focus on optimizing credit risk assessments, fraud detection, auto-decisioning, and customer behavior analytics. The technology will also provide advanced predictive analytics for pricing, underwriting, servicing, and customer retention strategies.
CEO Jeff Morgan revealed that the company is currently in discussions with multiple potential funding providers for lease originations on used and new vehicles, with several NDAs executed. Additionally, AmeriTrust has launched its rebranded website showcasing its leasing, loan solutions, servicing platform (AmeriTrust Serves), and remarketing platform (AmeriTrust Auto).
AmeriTrust Financial Technologies (PWWBF) ha annunciato la nomina di Mozhgan Parsa, PhD, come Data Scientist per migliorare la sua piattaforma di finanziamento automobilistico con capacità di intelligenza artificiale. Parsa collaborerà con il CTO Xia Zhang e il CIO Sean Severin per integrare la funzionalità AI nella tecnologia proprietaria di leasing e prestiti dell'azienda.
Le iniziative di intelligenza artificiale si concentreranno sull'ottimizzazione delle valutazioni del rischio di credito, rilevamento delle frodi, decisioni automatizzate e analisi del comportamento dei clienti. La tecnologia fornirà anche analisi predittive avanzate per la determinazione dei prezzi, la sottoscrizione, il servizio e le strategie di fidelizzazione dei clienti.
Il CEO Jeff Morgan ha rivelato che l'azienda è attualmente in discussione con diversi potenziali fornitori di finanziamenti per l'origine dei leasing su veicoli usati e nuovi, con diversi NDA firmati. Inoltre, AmeriTrust ha lanciato il suo sito web rinnovato che mette in mostra le sue soluzioni di leasing, prestiti, piattaforma di servizio (AmeriTrust Serves) e piattaforma di remarketing (AmeriTrust Auto).
AmeriTrust Financial Technologies (PWWBF) ha anunciado el nombramiento de Mozhgan Parsa, PhD, como Científica de Datos para mejorar su plataforma de financiación automotriz con capacidades de IA. Parsa colaborará con el CTO Xia Zhang y el CIO Sean Severin para integrar la funcionalidad de IA en la tecnología propietaria de arrendamiento y préstamos de la empresa.
Las iniciativas de IA se centrarán en optimizar las evaluaciones de riesgo crediticio, la detección de fraudes, la toma de decisiones automatizadas y el análisis del comportamiento del cliente. La tecnología también proporcionará análisis predictivos avanzados para la fijación de precios, la suscripción, el servicio y las estrategias de retención de clientes.
El CEO Jeff Morgan reveló que la empresa está actualmente en conversaciones con múltiples proveedores de financiamiento potenciales para la originación de arrendamientos de vehículos usados y nuevos, con varios NDA firmados. Además, AmeriTrust ha lanzado su sitio web renovado que muestra sus soluciones de arrendamiento, préstamos, plataforma de servicio (AmeriTrust Serves) y plataforma de reventa (AmeriTrust Auto).
AmeriTrust Financial Technologies (PWWBF)는 자동차 금융 플랫폼에 AI 기능을 강화하기 위해 Mozhgan Parsa 박사를 데이터 과학자로 임명했다고 발표했습니다. Parsa는 CTO Xia Zhang 및 CIO Sean Severin과 협력하여 회사의 독점적인 리스 및 대출 금융 기술에 AI 기능을 통합할 것입니다.
AI 이니셔티브는 신용 위험 평가, 사기 탐지, 자동 결정 및 고객 행동 분석을 최적화하는 데 중점을 둘 것입니다. 이 기술은 가격 책정, 언더라이팅, 서비스 및 고객 유지 전략을 위한 고급 예측 분석도 제공할 것입니다.
CEO Jeff Morgan은 회사가 중고 및 신차 리스 원천을 위한 여러 잠재적 자금 제공자와 논의 중이며 여러 NDA가 체결되었다고 밝혔습니다. 또한, AmeriTrust는 리스, 대출 솔루션, 서비스 플랫폼(AmeriTrust Serves) 및 리마케팅 플랫폼(AmeriTrust Auto)을 선보이는 리브랜딩된 웹사이트를 출시했습니다.
AmeriTrust Financial Technologies (PWWBF) a annoncé la nomination de Mozhgan Parsa, PhD, en tant que Data Scientist pour améliorer sa plateforme de financement automobile avec des capacités d'IA. Parsa collaborera avec le CTO Xia Zhang et le CIO Sean Severin pour intégrer la fonctionnalité IA dans la technologie de financement de leasing et de prêts propriétaire de l'entreprise.
Les initiatives d'IA se concentreront sur l'optimisation des évaluations du risque de crédit, la détection des fraudes, la décision automatique et l'analyse du comportement des clients. La technologie fournira également des analyses prédictives avancées pour la tarification, la souscription, le service et les stratégies de fidélisation des clients.
Le PDG Jeff Morgan a révélé que l'entreprise est actuellement en discussion avec plusieurs fournisseurs de financement potentiels pour l'origine des baux sur des véhicules neufs et d'occasion, avec plusieurs NDA signés. De plus, AmeriTrust a lancé son site web rebrandé présentant ses solutions de leasing, de prêts, sa plateforme de services (AmeriTrust Serves) et sa plateforme de remarketing (AmeriTrust Auto).
AmeriTrust Financial Technologies (PWWBF) hat die Ernennung von Mozhgan Parsa, PhD, zur Datenwissenschaftlerin bekannt gegeben, um die Automobilfinanzierungsplattform mit KI-Funktionen zu verbessern. Parsa wird mit CTO Xia Zhang und CIO Sean Severin zusammenarbeiten, um die KI-Funktionalität in die proprietäre Leasing- und Darlehensfinanzierungstechnologie des Unternehmens zu integrieren.
Die KI-Initiativen werden sich auf die Optimierung von Kreditrisikobewertungen, Betrugserkennung, automatisierte Entscheidungsfindung und Kundenverhaltensanalysen konzentrieren. Die Technologie wird auch fortschrittliche prädiktive Analysen für Preisgestaltung, Underwriting, Service und Kundenbindungsstrategien bieten.
CEO Jeff Morgan enthüllte, dass das Unternehmen derzeit Gespräche mit mehreren potenziellen Finanzierungsanbietern für die Leasing-Origination von gebrauchten und neuen Fahrzeugen führt, wobei mehrere NDAs unterzeichnet wurden. Darüber hinaus hat AmeriTrust seine neu gestaltete Website gestartet, die seine Leasing-, Darlehenslösungen, die Serviceplattform (AmeriTrust Serves) und die Remarketingplattform (AmeriTrust Auto) präsentiert.
- Hiring of specialized AI talent to enhance credit risk assessment and fraud detection
- Active negotiations with multiple potential funding providers for lease originations
- Launch of rebranded website showcasing comprehensive service offerings
- No secured funding facilities yet for lease originations
TORONTO, ON / ACCESS Newswire / February 24, 2025 / AmeriTrust Financial Technologies Inc. (TSXV:AMT)(OTC PINK:PWWBF)(Frankfurt:1ZVA) ("AmeriTrust" or the "Company"), a fintech platform targeting automotive finance and specializing in used vehicle lease originations for the automotive industry, is pleased to announce the appointment of Mozhgan Parsa, PhD, to the position of Data Scientist. Mozhgan has a strong background in machine learning engineering, data science, and AI research. She will work with Xia Zhang, CTO, and Sean Severin, CIO, to integrate Artificial Intelligence functionality into AmeriTrust's proprietary lease and loan finance technology.
AmeriTrust's AI team will be designing and developing AI technology to optimize credit risk assessments, fraud detection, auto-decisioning and customer behavior analytics. In addition, AmeriTrust's AI initiatives will provide advanced predictive analytics to support pricing, underwriting, servicing and customer retention strategies.
AmeriTrust's CEO Jeff Morgan commented: "Our pioneering leasing technology platform, initially developed by my team at MUSA Auto Finance, utilizes advanced algorithms to provide lease decisioning in seconds. AmeriTrust's lease and loan finance technology will now be further enhanced with the integration of AI Agents developed specifically to integrate into many aspects of the platform."
Jeff Morgan further commented: "I would also like to let our shareholders know that my primary focus continues to be securing funding facilities to originate leases on used and new vehicles. We have executed several NDA's specific to funding and are currently in discussions with multiple potential funding providers. As more information becomes available, I will provide an update.
Finally, I would like to announce that AmeriTrust has launched its new, re-branded website at www.ameritrust.com. I would welcome all shareholders to visit the site to learn about our industry-leading leasing and loan solutions, about our servicing platform, AmeriTrust Serves, our remarketing platform, AmeriTrust Auto, and to review our updated Corporate Presentation."
About AmeriTrust Financial Technologies Inc.
AmeriTrust Financial Technologies Inc., listed on the TSX Venture Exchange, OTC PINK, and Frankfurt markets, is a finance solution and fintech provider disrupting the automotive industry. AmeriTrust's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. AmeriTrust's platform is being made available across the United States.
For further information, please visit the AmeriTrust website or contact:
Shibu Abraham
Chief Financial Officer and Director
E: info@ameritrust.com
P: 800-600-6872
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Certain information included herein is forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information may include statements regarding the objectives, business strategies to achieve those objectives, expected financial results (including those in the area of risk management), economic or market conditions, and the outlook of or involving AmeriTrust, its subsidiaries and its businesses. Such information is typically identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "plan", "forecast", "future", "outlook, "guidance", "may", "project", "should", "strategy", "target", "will" or similar expressions suggesting future outcomes.
Forward-looking information in this document includes: the development and implementation of the Company's AI initiatives and securing funding facilities.
Forward-looking information is provided for the purpose of providing information about management's expectations and plans about the future and may not be appropriate for other purposes. Forward-looking information herein is based on various assumptions and expectations that AmeriTrust believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Those assumptions and expectations are based on information currently available to AmeriTrust, including information obtained from third party industry analysts and other third-party sources, and the historic performance of AmeriTrust's businesses. Such assumptions include the timing of receipt of necessary regulatory approvals, anticipated financial performance, current business and economic trends, the amount and timing of future dividends paid by AmeriTrust, business prospects, utilization of tax basis, regulatory developments, currency, exchange and interest rates, commodity prices relating to the automotive industry, trading data, cost estimates, our ability to obtain financing on acceptable terms, and statements regarding net working capital, anticipated operational and capital expenditure reductions, the length and impact of COVID-19 on AmeriTrust's businesses and customers and capital expenditure requirements of AmeriTrust, the assumptions set forth under the "Financial Outlook" sections of our MD&A. The forward-looking information is also subject to the risks and uncertainties set forth below.
By its very nature, forward-looking information involves numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, AmeriTrust's actual performance and financial results may vary materially from those estimates and intentions contemplated, expressed or implied in the forward-looking information. These risks and uncertainties include those relating to incorrect assessments of value when making acquisitions, increases in debt service charges, the loss of key personnel, the anticipated impact of the COVID-19 pandemic, the impact of increased inflation and the expected economic recession, fluctuations in foreign currency and exchange rates, inadequate insurance coverage, liability for cash taxes, counterparty risk, compliance with environmental laws and regulations, reduced customer demand, operational risks involving our facilities, force majeure, labour relations matters, our ability to access external sources of debt and equity capital, and the risks identified in our MD&A under the heading "Risk Factors". The preceding list of assumptions, risks and uncertainties is not exhaustive.
When relying on our forward-looking information to make decisions with respect to AmeriTrust, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking information is provided as of the date of this document and, except as required by law, AmeriTrust does not undertake to update or revise such information to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: AmeriTrust Financial Technologies Inc.
View the original press release on ACCESS Newswire
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