ADDISON, Texas--(BUSINESS WIRE)--Digital Matrix Systems, Inc. (DMS) today announced that it has formalized an agreement with global big data analytics firm Hello Soda to provide DMS clients with access to Hello Soda’s PROFILE analytics engine. The partnership aligns the two companies in parallel with Hello Soda’s expansion into North America and the September opening of an office in Austin, Texas.
PROFILE enables companies to harness the power of big data to verify ID and detect fraud, increase financial inclusion, and personalize the user experience by delivering unique consumer insights that traditional data can’t, such as life events, personality, and interests. PROFILE uses advanced analytics techniques including Bayesian Belief Networks, natural language processing, machine learning, and psycholinguistics to derive real-time meaning from consumers’ digital footprints in a simple, easy-to use way that empowers and benefits both businesses and consumers.
PROFILE provides alternative and supplementary ways to verify consumer identity, which enable businesses to reach millions of consumers that traditional data doesn’t cover via a multi-pronged approach. Through analyzing corroborative data (consistencies across the digital footprint like recorded Date of Birth), quality of data (interactions with others that support identity claims, for example nine years of ‘Happy Birthday’ posts on the same date), and quantity of data (the amount of data including age of the digital footprint and how much unstructured data is available on the user.) With consumer consent, PROFILE connects to their digital footprint and utilizes these advanced processes to analyze multiple sources of unstructured data and return indicators that help support effective business decisions and boost financial inclusion.
PROFILE provides a unique data set that includes:
- Identity confidence indicators
- Personality scoring
- Interests & hobbies
- Visibility into thin-file consumers
- Indicators of fraudulent activity
- Real-time life event alerts
- Consumer’s location
- Employment verification
Access to PROFILE data will be available through Data Access Point™ by DMS, a cutting-edge connectivity hub that offers clients flexibility when using both traditional and alternative data sources.
“We are delighted to commence this partnership with Digital Matrix Systems. At Hello Soda, we are passionate about empowering both businesses and consumers and share these values with DMS, an innovative company determined to deliver value through data,” said James Blake, founder and CEO of Hello Soda.
“We are pleased to announce our strategic relationship with Hello Soda as they continue their growth in the U.S.,” said David Graves, DMS executive vice president. “The unique analysis of consumers’ digital footprints that they provide will help our clients gain value from unstructured and underutilized data. Our companies share a mutual interest in deriving insights from data that helps strengthen business decisions, and this partnership aligns with our ongoing commitment to provide our clients with access to a strategic and diverse set of data sources.”
About Hello Soda
Hello Soda is a global big data analytics company that creates advanced software, empowering businesses to make more informed verification and fraud decisions while providing consumers with a better personalized user experience. Hello Soda was founded in 2013 by CEO James Blake, Commercial Director Will Ellis and Operations and Client Services Director Ben Allott. After leaving the UK's second largest credit reference company, CallCredit, the trio have built a strong, dynamic team headquartered in Manchester. The rapidly expanding Manchester business has represented the Northern Powerhouse at the Palace and 10 Downing Street, and this year celebrated the launch of Hello Soda Asia, the introduction of multilingual capabilities, and the US office opening. Hello Soda operates in the finance, insurance, telecoms, retail, and gaming sectors, with clients across 5 continents. For more information, visit hellosoda.com.
About Digital Matrix Systems, Inc.
Founded in 1982, DMS is an international risk management solution provider that helps clients leverage the power of data to make better-informed business decisions. Through an integrated product suite, DMS delivers secure access to consumer and commercial credit bureaus, as well as specialty data providers. As a reliable partner, DMS helps leading companies predict and manage risk in a variety of industries, including financial services, insurance, and brokerage services. The company provides data warehousing, advanced analytics, scoring models, and comprehensive consulting services, delivering strategic solutions tailored to each client’s business goals. For more information, visit www.dms.net.
