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A leading AI decisioning platform that helps banks make high-quality lending decisions efficiently and safely – has successfully raised $28 million (US$17.5m) in its Series B round.

Rich Data Co is announcing our AI Decisioning platform version 3.1 is now Generally Available (GA) and ready for customer adoption now. We are proud to introduce Genesis Studio, which delivers an industry first integration of a complete data science environment inside a powerful decisioning engine.

While there is so much promise for the future of generative AI, there are tools available today to drive tangible benefits for bankers and the businesses they serve. The RDC platform brings together regulatory best practice and modern data science techniques to drive these benefits.

RDC is a fast-paced Australian fintech that is making tracks in the US market. In 2022, the Sydney-based artificial intelligence (AI) startup attended Austrade’s New York Fintech Landing Pad, supported by FinTech Australia. The 2-week program delivered invaluable contacts and market insights.

With an exemplary corporate career and depth of banking experience, Mike joins the RDC Board of Directors to strengthen the company’s corporate governance and support RDC’s leadership team to execute on its purpose to accelerate the impact of AI in the banking sector and enhance financial inclusion.

nCino, a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced a value added reseller agreement with Rich Data Co.

Westpac is partnering with a Sydney-based tech company Rich Data Co to deploy artificial intelligence that will simplify and accelerate its business lending services.