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Banking Tech Awards USA
May 29 2025
583 Park Avenue, New York
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Banking Tech Awards 2024 Finalist: Taktile

Taktile has been selected as a finalist in the 'Tech of the Future – Decision Making' category at the Banking Tech Awards USA 2024.

Introduction to Taktile

Taktile is a powerful decision engine software trusted by industry leaders like Branch, Novo, Rhino, and Kueski. It enables banks and FinTech companies to swiftly and efficiently utilize AI and data to make innovative risk decisions. With its low-code capabilities, Taktile allows credit and risk teams to independently design, implement, and optimize automated risk decisions without relying on engineering support.

Key Features and Innovations

Data Marketplace

Taktile's Data Marketplace streamlines third-party data integrations into automated risk decisions. It allows seamless integration of non-standard data sources and AI/ML models, enhancing risk and pricing accuracy while saving time and resources.

Low-Code Platform

Taktile’s user-friendly interface allows users to drag and drop pre-built ‘Nodes’ to create logical automated 'Decision Flows' based on their risk policies, significantly speeding up the process of building and optimizing critical business decisions.

Rapid Financial Product Launches

The platform's capabilities enabled Novo, a leading B2B lender in the US, to launch a new financial product from scratch in under three months, showcasing Taktile's efficiency and collaborative potential.

Growth and Market Expansion

Taktile has demonstrated impressive growth, tripling its revenue year-over-year despite market challenges. While it continues to thrive in its core US and EU markets, Taktile has also expanded into Africa and LatAm, securing some of the market’s largest players as customers.


Real-World Impact

  • Branch International: Using Taktile, Branch International reduced the time to implement a new ML model from 40 hours to just 2 hours, a 95% reduction in deployment time. This efficiency allows Branch to focus on developing their models and business rather than on maintenance.
  • Novo: Taktile facilitated nearly 100% automation of credit decisions, streamlining the application process and enabling rapid product deployment.


Advanced Functionalities

  • A/B and Backtesting: Taktile’s A/B and backtesting functionalities allow credit and risk teams to simulate potential outcomes of changes in their risk policies quickly, leading to faster achievement of KPIs and improved policy optimization.
  • Custom Connectors: Beyond its comprehensive marketplace, Taktile offers custom connectors that enable users to integrate data sources not covered in the pre-built integrations, providing unparalleled flexibility.
  • Machine Learning Node: This feature reduces the time to test and deploy AI/ML models, allowing faster innovation and implementation.


Cost-Efficiency and Precision

  • Waterfall Design: The waterfall design of Taktile’s Decision Flows segments customers based on risk, ensuring cost-efficient use of external data sources only when necessary.
  • Accurate Risk Assessment: By experimenting with new alternative data sources, banks and FinTechs can assess customer risk with greater accuracy, enabling them to serve more customers at fairer prices.