Taktile helps fintechs build automated decision-making workflows

The automated logic behind many financial decisions — for example, decisions that determine whether a client is approved for a credit line — is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with IT. Entrepreneurs Maximilian Eber and Maik Taro Wehmeyer, who met while studying at Harvard, ran up against the limitations of financial decisioning logic while at QuantCo, a company building AI-powered apps for enterprise customers. In 2020, the pair decided to found a startup, Taktile, to make modifying automated decisioning logic a more self-service process. “We realized that we were building the same things over and over again, and decided to leverage our learnings to build a platform around it,” Wehmeyer, Taktile’s CEO, told TechCrunch in an interview. Taktile’s platform — which we’ve written about before — lets risk and engineering teams at fintech firms create an ... Read full article.