January 26, 2017
AUSTIN, Texas–(BUSINESS WIRE)–LendIt, the world’s largest lending and FinTech show, has selected Austin-based XOR Data Exchange as a finalist for “Innovator of the Year” in the first annual LendIt Industry Awards. Category finalists were selected for building strong cultures of innovation and producing groundbreaking changes for the lending and financial services industry.
“When we formed XOR Data Exchange, we set out to completely change the way companies use their data,” stated Mike Cook, president and CEO of XOR. “The technologies we’ve introduced to market are built on innovative business practices and designed to protect consumers and businesses while allowing data-driven organizations to grow. We’re extremely grateful that the LendIt Industry Awards are supportive of this work, and are proud to be named among the most innovative companies in the market.”
The honor comes in response to the data and analytics outfit’s launch of the Compromised Identity Exchange. The platform represents a major stride toward ending fraud associated with data breaches by allowing service providers such as banks and lenders to accurately measure identity theft risk for every consumer following their involvement in one or more data breach.
Alex Acree, managing director of Fenway Summer Ventures, an investor in XOR, added, “When XOR was founded and we were in discussions about the vision for the company, I knew its technologies would create major changes in the financial services industry. It’s been exciting to watch that vision come to life, and we’re glad to see XOR being recognized for its work.”
XOR will compete for top honors within its category at The LendIt Industry Awards event on March 7 during the LendIt conference in New York City. For more information about the finalists and awards, visit http://www.lendit.com/usa/2017/awards.
About XOR Data Exchange:
XOR Data Exchange deploys permission-based data exchanges to solve fraud and credit risk weaknesses currently plaguing consumers and small businesses across industries, while helping companies retain ownership and control of their data. Through patented platforms and leading security standards, XOR helps reduce risk and costs for the nation’s largest credit issuers, and protect the personal information of consumers and businesses around the world. For more information, visit https://www.xor.exchange.
XOR Data Exchange
Clayton Root, 903-407-5006