Veriluma Ltd FY15 Company Update

As a consequence of the fund raising round last year, Veriluma has secured a partnership with Marketlend, an Australian peer-to-peer lending platform.  Veriluma’s software performs the credit risk rating of loan applicants. Marketlend launched in December 2014.

In addition, the round generated interest from a number of technology vendors to the financial services and legal sectors.  Trials are due to begin with an established global banking application provider and with new technology providers seeking to disrupt elements of the financial services sector and business units within the legal profession.  All partners seek better, objective insight to allow them to make better decisions.

Becoming the intelligence engine inside others technology allows Veriluma to focus on the ongoing research and development efforts of taking the engine to the Cloud. Veriluma seek investment funds and are pleased to work with and be represented by Global Investment Partners.

Please click on the ‘Receive Offer’ button below for more information or to register your interest.

ABOUT VERILUMA

Veriluma was conceived within Australian Defence Intelligence where decisions can affect the security of a country and its citizens and problems can lack information/data. The application provides insight, certainty and clarity in complex situations for decision makers who need to understand the risks, conflicts and possibilities even when elements are unknown, uncertain, and unreliable.

The software produces an assessment of the problem/hypothesis showing the likelihood and certainty of, for example:

• A property bubble occurring;
• A virus becoming a pandemic and the most effective risk mitigation measures;
• A merger, or strategy, returning value;
• A loan – principal and interest – being repaid;
• The criticality of parts within assets used in mining to minimise production disruption/downtime;
• Assessing future impact of changes to superannuation/investment portfolios and possible counter measures before such changes occur;
• Determining strategic cyber threat;
• Political future of countries and/or those who may need humanitarian assistance under certain circumstances including tsunamis, earthquakes, coups

The software has broad application – globally and across industries.  The software is used by clients to help them make better decisions.  In addition, the software has been embedded by application partners to add more capability to their offerings.