Bravatek Signs Strategic Alliance Agreement with Finscend
December 03, 2019 at 03:11 pm
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Bravatek Solutions, Inc. has announced that it has entered into a strategic alliance agreement with Finscend. Before designing its solution, Finscend first spent three years studying over 2,000 card disputes submitted to hundreds of card issuers worldwide and the chargebacks that they did, and did not, approve. The result was its Bank Dispute Platform (BDP), which modernizes what has been, until now, a primarily manual and subjective process by transforming it into an automated and objective one. Powered by Artificial Intelligence (AI), BDP reduces the time it takes to onboard, investigate and adjudicate chargeback requests from three hours to a mere three minutes. In doing so, BDP slashes the dispute processing expenses of banks and other financial institutions by up to 40%, saving them billions of dollars. Meanwhile, for the cardholder, it turns an agonizing wait into a painless procedure that is completed via their smartphone. According to the terms of their agreement, Finscend will designate Bravatek as a project-based business partner. In addition, Bravatek will take a referral role in reaching out to prominent fintech investors who are interested in assisting Finscend, as it expands its business development efforts.
Bravatek Solutions, Inc. is a security-platform company, which offers software, tools and services to worldwide markets. The Company provides security, defense and information security solutions, which assist corporate entities, governments and individuals in protecting their organizations and/or critical infrastructures against error, as well as physical and cyber-attack. The Company is engaged in marketing and distribution of security capabilities derived from market alliances that yield defense and information security software, hardware and services, and telecom services. The Companyâs products include software, hardware and services, and span a range of industries, including e-mail security, user authentication, robotics, telecommunications and cyber breach protection. Its business operations are focused on selling ECRYPTONE while also expanding its Market Alliance Program (MAP), enabling complimentary products and services to set their suite of cyber security solutions.