Pendo Systems

Pendo Systems operates as a financial technology firm, providing a platform designed to assist global financial institutions in making their data transparent. Founded in 2006 by Pamela Cytron, the company established its headquarters in Montclair, New Jersey, with an additional office in Charlotte, North Carolina. The firm's target clientele consists of enterprise-level banking and insurance companies. The core of its business is the Pendo Machine Learning Platform, a tool engineered to convert unstructured data into structured, AI-ready datasets. This platform can be deployed either on-premise within a client's firewall or via a secure cloud service like Azure or AWS. Its primary function is to ingest vast quantities of documents, index the information, and attach metadata, which facilitates analysis and structuring of previously inaccessible data. The technology is applied across several key areas, including operational improvements, support for lending decisions, and risk management and controls. The company secured $1.02 million in a seed funding round on December 15, 2008. According to multiple sources, Pendo Systems ceased operations around June 2021.

Keywords: Pendo Systems, financial technology, unstructured data, data transparency, machine learning platform, AI ready data, enterprise banking, insurance clients, risk management, lending decision support, data structuring, Pamela Cytron, Montclair, financial software, big data, fintech, data preparation, data validation, operational improvement