Facio

Facio Overview

Facio leverages big data and artificial intelligence technologies to provide financial services with a cloud-based platform for contract management. The platform is designed to autonomously negotiate, sell, execute, control, and document legally relevant events and actions in accordance with the terms of the contract between issuers, holders, and the ecosystem. Facio aims to make financial services universally accessible and to reduce transaction costs, arbitrations, enforcement costs, fraud losses, and malicious and accidental exceptions.

Latest News

Feb 11, 2020 · www.prnewswire.com

growth-positive

New Self-learning Algorithm "Facio" Immunizes Against Insurance Disruptors

Facio Ltd, an insurance BigData start-up, has released its self-learning algorithm metrics that outperform any other technology in calculating insurance. Over 100 insurance carriers have engaged with Facio to compete with Lemonades artificial intelligence technology. Facios algorithm achieved a superhuman performance level of insurance predictive capabilities and underwritten insurance policies in less than an hour. Facio offers an end-to-end insurance SaaS starting at $1 per policy, potentially allowing companies like State Farm to offer smart insurance products and cut expenses by more than 90%. The article highlights the impact of Facios technology on the insurance industry and the potential for significant growth.

CustomersInvestment

Funding

Team Members

2

Employees: 1-10

Web & Social Links

Locations

Ramat Gan, Israel

122 West Street, Brooklyn, NY, USA

Photos & Videos

2 item(s)

Facio Internal

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