SOURCE: PointPredictive, Inc.

PointPredictive, Inc.

January 14, 2014 09:05 ET

Predictive Solutions Veterans Launch PointPredictive, Inc.

Product Innovator Combines Predictive Science, Big Data, and Modern Technology to Bring Risk Management and Data Intelligence Solutions to Market Faster

CARLSBAD, CA--(Marketwired - Jan 14, 2014) - PointPredictive, Inc. launched today as a product innovator focused on providing organizations predictive science-based solutions for managing risk, providing new insight from available data and leveraging newer technology for faster deployment and enhanced user experiences. Created by entrepreneurs, executives and predictive solution veterans Tim Grace, Frank McKenna and Joe Jackson, the three PointPredictive founders address a growing market need for focused, creative, fast and results-driven expertise to design, build and deploy projects that leverage predictive science to solve today's business challenges. Services and solutions include analytic-driven products for consumer lending, auto finance, mortgage, payment cards, real estate, and consumer rental markets.

"PointPredictive brings together business and science to provide a targeted way for companies to bring predictive and data intelligent solutions to market faster and more cost effectively," commented Tim Grace, chief executive officer at PointPredictive, Inc. "Companies want to bring new products to market quickly, but are often constrained by internal resources, whether it be lack of domain expertise, system integration constraints, or other internal business imperatives. Our team has decades of experience using predictive science to develop transformative solutions and the external focus to drive profitability and growth quickly."

Joe Jackson, founder at PointPredictive, Inc., and former head of Wells Fargo Ventures commented, "Having worked intimately within global financial services organizations leading major technology initiatives, I've seen first-hand the benefits of having an experienced, objective-focused team partner with internal resources to deploy new and challenging projects. PointPredictive is the ideal product incubator to supplement in-house teams and make their products smarter and to market faster."

The PointPredictive team has successfully reduced global fraud rates in credit cards, debit cards, and mortgage loans, and also reduced time and cost in the income verification process. Recent PointPredictive projects include developing analytic-based solutions for consumer real estate intelligence, consumer rental screening, payment cards, property preservation risk management and automotive lending risk management.

"I've worked with Tim and Frank on a variety of projects over the years and believe they are among the world leaders in applying analytic science to solve challenging business problems and driving revenue growth, said George Livermore, President of the Database Solutions Group at First American, "Their expertise is especially beneficial for delivering new products, revitalizing current products and creating profitability within mature and crowded markets."

The founders bring deep experience in predictive solution development and business growth. Tim Grace was former senior vice president of Global Product Solutions at CoreLogic where he led the strategic direction, innovation, and management of products that totaled approximately $700 million in CoreLogic revenues. Frank McKenna has worked with over 100 banks, lenders and companies throughout the world designing strategies, solutions and operational practices and was co-founder with Grace at BasePoint Analytics. Together Grace and McKenna helped introduce many new risk and pattern recognition technologies to the banking and mortgage industries which helped transform those industries to a more proactive and analytic approach. While at BasePoint, Grace and McKenna led the team that developed several patented technologies for mortgage fraud detection and debit card fraud detection.

Jackson is an entrepreneur and mortgage industry expert specializing in mortgage finance and joint ventures. With more than 25 years of experience, Jackson is recognized as one of the mortgage industry's most successful joint venture experts. As the Head of Wells Fargo Ventures (WFV), he grew the company to over $25 billion annually and ranked the nation's third largest purchase mortgage originator in 2011.

"The PointPredictive team consists of data scientists, business experts and technology gurus -- a unique collaboration that builds the most accurate, flexible and intuitive solutions that work," stated Frank McKenna, chief strategist and founder at PointPredictive, Inc. "Clients value our approach to analyzing data and incorporating it into operational processes to make smarter business decisions that help them expand their use of predictive science beyond just risk and fraud management to focus on their growth and profitability goals."

About PointPredictive, Inc.
PointPredictive, Inc. is a product innovator company focused on delivering predictive science-based solutions to financial services and real estate organizations. It solves business problems with the latest technology platforms, smarter science and business experience by leveraging big data with analytic models. Banks, insurance companies, auto lenders, mortgage lenders, real estate companies, and solution providers look to PointPredictive to deliver smart solutions faster for profitability and growth initiatives. Located in Carlsbad, Calif., more information about PointPredictive can be found at and on twitter at @PointPredict.

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    PointPredictive, Inc.
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