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Digital Matrix Systems, Inc. Announces Partnership with Hello Soda to Deliver Enhanced Consumer Insights | Business Wire

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ADDISON, Texas–(BUSINESS WIRE)–Digital

Matrix Systems, Inc. (DMS) today announced that it has formalized an

agreement with global big data analytics firm Hello

Soda to provide DMS clients with access to Hello Soda’s PROFILE

analytics engine. The partnership aligns the two companies in parallel

with Hello Soda’s expansion into North America and the September opening

of an office in Austin, Texas.

PROFILE enables companies to harness the power of big data to verify ID

and detect fraud, increase financial inclusion, and personalize the user

experience by delivering unique consumer insights that traditional data

can’t, such as life events, personality, and interests. PROFILE uses

advanced analytics techniques including Bayesian Belief Networks,

natural language processing, machine learning, and psycholinguistics to

derive real-time meaning from consumers’ digital footprints in a simple,

easy-to use way that empowers and benefits both businesses and consumers.

PROFILE provides alternative and supplementary ways to verify consumer

identity, which enable businesses to reach millions of consumers that

traditional data doesn’t cover via a multi-pronged approach. Through

analyzing corroborative data (consistencies across the digital footprint

like recorded Date of Birth), quality of data (interactions with others

that support identity claims, for example nine years of ‘Happy Birthday’

posts on the same date), and quantity of data (the amount of data

including age of the digital footprint and how much unstructured data is

available on the user.) With consumer consent, PROFILE connects to their

digital footprint and utilizes these advanced processes to analyze

multiple sources of unstructured data and return indicators that help

support effective business decisions and boost financial inclusion.

PROFILE provides a unique data set that includes:

  • Identity confidence indicators

  • Personality scoring

  • Interests & hobbies

  • Visibility into thin-file consumers

  • Indicators of fraudulent activity

  • Real-time life event alerts

  • Consumer’s location

  • Employment verification

Access to PROFILE data will be available through Data Access Point™ by

DMS, a cutting-edge connectivity hub that offers clients flexibility

when using both traditional and alternative data sources.

“We are delighted to commence this partnership with Digital Matrix

Systems. At Hello Soda, we are passionate about empowering both

businesses and consumers and share these values with DMS, an innovative

company determined to deliver value through data,” said James Blake,

founder and CEO of Hello Soda.

“We are pleased to announce our strategic relationship with Hello Soda

as they continue their growth in the U.S.,” said David Graves, DMS

executive vice president. “The unique analysis of consumers’ digital

footprints that they provide will help our clients gain value from

unstructured and underutilized data. Our companies share a mutual

interest in deriving insights from data that helps strengthen business

decisions, and this partnership aligns with our ongoing commitment to

provide our clients with access to a strategic and diverse set of data

sources.”

About Hello Soda

Hello Soda is a global big data analytics company that creates advanced

software, empowering businesses to make more informed verification and

fraud decisions while providing consumers with a better personalized

user experience. Hello Soda was founded in 2013 by CEO James Blake,

Commercial Director Will Ellis and Operations and Client Services

Director Ben Allott. After leaving the UK’s second largest credit

reference company, CallCredit, the trio have built a strong, dynamic

team headquartered in Manchester. The rapidly expanding Manchester

business has represented the Northern Powerhouse at the Palace and 10

Downing Street, and this year celebrated the launch of Hello Soda Asia,

the introduction of multilingual capabilities, and the US office

opening. Hello Soda operates in the finance, insurance, telecoms,

retail, and gaming sectors, with clients across 5 continents. For more

information, visit hellosoda.com.

About Digital Matrix Systems, Inc.

Founded in 1982, DMS is an international risk management solution

provider that helps clients leverage the power of data to make

better-informed business decisions. Through an integrated product suite,

DMS delivers secure access to consumer and commercial credit bureaus, as

well as specialty data providers. As a reliable partner, DMS helps

leading companies predict and manage risk in a variety of industries,

including financial services, insurance, and brokerage services. The

company provides data warehousing, advanced analytics, scoring models,

and comprehensive consulting services, delivering strategic solutions

tailored to each client’s business goals. For more information, visit www.dms.net.

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