Karus Cares About Your Finances
Karus, a financial technology startup, is going to be launching in Boise. The startup is using artificial intelligence (AI) to maximize efficiency in credit. Enhancing and increasing the data that’s available to lenders and loaners alike through machine learning will help determine the risks of loans and whether or not the risk is worth it. Karus points out that good credit scores don’t always mean that loans aren’t still a risk. Karus plans to set up their programs to present information like payment predictions, recovery rates, etc.
Karus is hoping that their data will help investors look past credit score and use the valuable information they have to offer to make loans and investments less risky. And by incorporating AI, they see this as a big opportunity to uniquely define their financial technology. They’ll use their AI to score each individual loan to give a bottom-up score rather than a top-down.
Are you developing new software? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.