TEL
AVIV, Israel, June 5, 2024
/PRNewswire/ -- Blender Technologies (TASE: BLND),
a leading fintech company providing innovative credit and financing
solutions, today announced a strategic partnership with Sapiens
International Corporation NV (NASDAQ: SPNS), a leading software
provider for the property & casualty insurance, life &
health insurance, and reinsurance industries. The partnership aims
to expand Blender's global reach and bring its cutting-edge
technology to financial institutions worldwide.
Under the terms of the agreement, Sapiens will leverage its
extensive network of clients and distribution channels to support
the selling and marketing efforts of Blender's cloud-based credit
platform to financial institutions across the globe. The platform,
powered by big data, machine learning, and behavioral economics,
enables financial institutions to make rapid and accurate
underwriting decisions, streamline operational processes, and
digitize the entire lending process from marketing to
collection.
"This partnership marks a significant milestone for Blender as
we continue to expand our global footprint and bring our innovative
technology to a wider audience," said Gal Aviv, CEO and
Co-Founder of Blender Technologies. "Sapiens' expertise and
reach in the insurance industry will be invaluable as we introduce
our credit platform to new markets and customers."
"We are excited to partner with Blender Technologies to bring
their innovative credit platform to our global network of clients,"
said Alex Zukerman, Chief
Strategy Officer of Sapiens. "Blender's technology has the
potential to revolutionize the way financial institutions assess
credit risk and provide financing solutions to their
customers."
The partnership is expected to generate significant growth
opportunities for both companies. Blender will benefit from
Sapiens' extensive network and expertise, while Sapiens will gain
access to Blender's cutting-edge technology and expand its product
portfolio into the credit and financing sector.
About Blender Technologies
Blender Technologies (TASE: BLND) is a leading fintech company
providing innovative credit and financing solutions to tens of
thousands of customers based on their preferences and needs. The
company has developed a unique and efficient technology platform
for providing credit, with a focus on credit as a means of
spreading payments. The company operates using unique technological
methods and tools, utilizing methodologies, products, and ideas
from the fields of big data, data mining, machine learning,
behavioral psychology, and more. The company was founded in 2014 by
CEO Dr. Gal Aviv, Deputy CEO and Head of Technology Boaz Aviv, and
Deputy CEO and Head of Products Barak Gore.
About Sapiens International Corporation NV
Sapiens International Corporation NV (NASDAQ: SPNS) is a leading
software provider for the property & casualty insurance, life
& health insurance, and reinsurance industries. Sapiens
solutions enable insurers to create a modern, digital insurance
platform that delivers agility, innovation, and customer
centricity. Sapiens has over 35 years of experience delivering
software solutions to insurers worldwide and serves over 600
customers in 30 countries.
For more information:
https://blender.global/
Reut Gilady, Head of Marketing and
Communications; reut.g@blender.co.il
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SOURCE Blender Financial Technologies