Patented Technology Tackles Rampant Fraud in Loan Applications, Helping to Reduce Losses and Increase Revenue
SAN DIEGO, April 23, 2025 -- MoneyThumb, a leader in automated document evaluation and fraud detection solutions, was awarded a U.S. patent for its Thumbprint® product, an AI-driven technology that enables the authentication of third-party PDF documents.
Small business loan application fraud is a critical problem that leads to significant financial losses for funders. MoneyThumb's Thumbprint® patented technology leverages AI and advanced algorithms to analyze structural, metadata, and content-based patterns within PDF files. By identifying subtle discrepancies and inconsistencies, Thumbprint® helps detect fraud with its AI file tampering detection scoring model that identifies fraudulent activity in seconds, giving funders a powerful defense against risk and loan losses.
"Receiving approval for our patent reinforces MoneyThumb's position as a trusted innovator in document analysis and authentication," said Ryan Campbell, chief executive officer of MoneyThumb. "MoneyThumb's Thumbprint® technology has been around for a while and continues to evolve—it's unlike anything else on the market. By formally protecting our IP, we're not only strengthening our unique approach but also advancing the fight against digital document fraud across industries like lending, finance, law, and real estate."
Automation in lending has become mission critical for staying competitive. Funders who embrace automation position themselves to better serve their customers and expand their lending capabilities. MoneyThumb is transforming the lending industry by leading the shift from manual document processes to full automation. Its advanced technology streamlines data extraction and analysis, enabling funders to make faster, more accurate decisions.
Over the last year, MoneyThumb's Thumbprint® has reviewed more than 10M statements and identified over 500,000 fraudulent or altered documents.
Approval of the company's U.S. patent marks the first ever patent to cover the authentication of third-party documents when access to the original is not available.
For more information on MoneyThumb, please visit www.moneythumb.com.
About MoneyThumb
MoneyThumb is an advanced automation software solution that streamlines the lending underwriting process by converting bank statements instantly into actionable data. By exponentially increasing efficiency, accuracy and the detection of fraud – MoneyThumb empowers lenders and accountants to make faster, more informed and accurate decisions. MoneyThumb is headquartered in Encinitas, California, and serves customers globally. For more information visit www.moneythumb.com.
Media Contact:
Tracy Rubin
JCUTLER media group
tracy@jcmg.com
This News is brought to you by Qube Mark, your trusted source for the latest updates and insights in marketing technology. Stay tuned for more groundbreaking innovations in the world of technology.
