Press release · FactorEvo
FactorEvo Redefines Specialty Finance with AI Driven Automation and Real Time Network Underwriting
Singapore · · EIN Presswire
Two honors at The Digital Banker's 2025 Global Retail Banking Innovation Awards: Best AI Initiative and Outstanding Machine Learning Initiative.
The Digital Banker recognized FactorEvo Group Holdings with two honors at its 2025 Global Retail Banking Innovation Awards: Best AI Initiative and Outstanding Machine Learning Initiative.
The release describes FactorEvo's audit engine, which removes manual data entry and takes funding reviews from hours to minutes, and a network on which every receivable, loan and payment is verified and reconciled as it happens. FactorEvo went from concept to commercial launch in under a year.
It also announced that transportation factoring companies running on FactorFox, about a third of the FactorFox portfolio, were being onboarded to FactorEvo, while FactorFox continued to serve accounts receivable funding, purchase order finance, asset based lending, medical and staffing clients, with AI upgrades on the way including electronic invoicing in Latin America.
Read the full release on EIN Presswire (opens in a new tab). Press inquiries: sales@factorfox.com.
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