LOS ANGELES, CA / ACCESSWIRE / August 9, 2023 / Livesight (a division of Spring Labs), a leading alternative and peer-shared data provider specializing in business and consumer intelligence data, announced today it is offering a cutting-edge business intelligence product, BusinessMatch. Livesight is collaborating with TransUnion to sell comprehensive and accurate business data.
As small and medium-sized businesses (SMB) continue to grow, SMB lenders and commercial insurers are in need of robust solutions for a comprehensive view of business health to gauge risk. The challenge, however, is the lack of reliable data on smaller businesses. Without robust data sources, many SMBs resemble "thin-file" subprime consumers from a credit perspective, which hinder their growth.
Livesight's BusinessMatch, a next-generation solution in business risk profiling, offers an alternative: a more comprehensive view of business, industry and geography health through enhanced transparency and broader coverage. Specifically, Livesight's KYBIG (Know Your Business, Industry, and Geography) utilizes advanced natural language processing techniques and large language models (LLMs) to construct an extensive and dynamic business database registry. This approach significantly improves visibility into businesses, even those 'invisible' ones with a limited online presence.
"Small businesses are the lifeblood of the economy, and we're seeing their growth accelerate due to generational shifts and lowered barriers to entry. Despite this, credit access remains a challenge. We believe that more comprehensive data on businesses and their underlying industry and geographic health can help improve credit access to spur further growth," said Peyman Hesami, Head of Products and Analytics at Livesight.
Livesight, is known for its comprehensive business data; for more on BusinessMatch, visit www.livesight.com/businessmatch or contact your TransUnion sales representative, a Spring Labs Sales partner.
About Spring Labs/Livesight
Livesight, the data product division of Spring Labs, was among the pioneers in embracing Spring Labs' unique tokenization technology, TrueZero. Utilizing these privacy-preserving technologies, we established the first-ever secure data sharing platform dedicated to consumer lenders. This platform currently hosts approximately 18 million tokenized records and continues to grow rapidly, powering a diverse range of business and consumer intelligence products. In September 2022, this suite of data products was officially rebranded as Livesight. For more information, please visit https://livesight.com/.
Contact Information
Peyman Hesami
Product & Analytics
[email protected]
SOURCE: Livesight