Free Market Data Exchange provides a platform for institutional investors to access and share market data. It offers a centralized repository for alternative data sets, enabling more efficient data discovery and collaboration among financial professionals.
Funding
Funding not disclosed
Founders
Product
Problem
Consumer Reporting Agencies (CRAs) and furnishers face challenges in efficiently buying and selling verification data, including employment, education, and social media records. Traditional methods often lack transparency, speed, and can be costly due to limited supplier networks and technical complexities. This can lead to bottlenecks in the verification process and impact turnaround times.
Solution
VOEDX's Source Engine is a transactional platform designed to streamline the exchange of verification data between CRAs and furnishers. The platform enables participants to buy and sell employment, education, and social media verification records on their own commercial terms, improving speed, efficiency, and margins. Source Engine facilitates direct buyer-seller interactions, broadening supplier networks and reducing engineering needs through a single API. The platform also offers comprehensive dashboards and reporting tools that provide real-time insights into verification processes, supplier performance, and key operational metrics, empowering users to make informed decisions and optimize workflows.
Target Audience
The primary target audience includes Consumer Reporting Agencies (CRAs) and furnishers seeking to streamline their verification processes, improve efficiency, and unlock new revenue opportunities.
Features
- Marketplace-style exchange for verification of employment, education, and social media records
- Cutting-edge transactional platform to buy and sell records seamlessly
- Direct buyer-seller interactions, eliminating bottlenecks and saving time and resources
- Single API access to verified employment and education records from multiple sources
- Top-of-waterfall integrations with major furnishers
- Comprehensive dashboards and reporting tools for real-time insights into verification processes and supplier performance
- Agreement management features for efficient handling of supplier agreements and compliance tracking
- AI-driven platform leveraging IBM’s Watson x AI for enhanced efficiency and innovation