July 27, 2017 10:59 PM ET

Internet Software and Services

Company Overview of XOR Data Exchange, Inc.

Company Overview

XOR Data Exchange, Inc. develops permission-based data exchange platform that enables data owners to solve the fraud and credit risk weaknesses in financial services and communications industries. Its platform helps organizations to optimize and monetize their data, as well as data across competing and noncompeting companies and industries. The company also offers compromised identity exchange to protect consumers from identity theft and fraud following a data breach; and Lumen, a patent-pending technology to seek out consumers’ personal information on the Internet, including non-indexed dark websites that traffic in stolen data, and prevent it from being used to perpetrate identity theft an...

7700 Highway 71 West

Suite 200

Austin, TX 78735

United States

Founded in 2014



Key Executives for XOR Data Exchange, Inc.

Founder and Chief Executive Officer
Co-Founder and Chief Information Officer
Co-Founder and Business Leader
Chief Operating Officer
Chief Data Officer
Compensation as of Fiscal Year 2017.

XOR Data Exchange, Inc. Key Developments

Larry Rosenberger Joins Xor Data Exchange as Investor and Board Observe

Larry Rosenberger, former CEO of Fair Isaac Corporation and current research fellow, has joined XOR Data Exchange as an investor and board observer. Rosenberger’s experience and expertise in implementing data and analytical models for the financial services industry is expected to help the FinTech startup continue rapid growth, development and adoption of fraud risk models to protect consumers and businesses from identity theft and data misuse. Rosenberger is well known across the FinTech and financial services industries for his leadership of FICO between 1991 and 1999, during which time FICO credit scores were made available to all three major U.S. credit reporting agencies and adopted as standards by Fannie Mae and Freddie Mac for mortgage lending evaluation. Those scores remain the gold standard in credit risk used by banks, lenders and service providers nationally and abroad. Since his tenure as CEO, Rosenberger led FICO’s research and development efforts for another eight-year stint before taking on his current role as research fellow. In his new role as board observer, Rosenberger will lend guidance and expertise in the continued development of data-driven fraud and credit risk mitigation platforms.

Zoot Enterprises Partners with XOR Data Exchange to Offer Clients Innovative Options for Risk Mitigation

Zoot Enterprises has announced that it has formalized an agreement with XOR Data Exchange to provide Zoot clients access to multi-industry data predictive of identity theft and fraud risk. With the rise in online fraud, clients rely on Zoot to identify new ways to support their business strategy and quickly react to new fraud trends. The partnership will bring a wider variety of predictive data sets and analytics to institutions that rely on Zoot for their platform needs across a wide variety of industries including financial services, merchant services, telecom, insurance, and healthcare. By sharing data through XOR, businesses are reducing credit and fraud losses, while providing additional insight into fraud rings that may target several different industries and establishing the creditworthiness of businesses that may not be identified using traditional providers.

Digital Matrix Systems, Inc. Formalizes Agreement with XOR Data Exchange to Provide DMS Clients Access to New Permission-Based Data Exchange Platforms

Digital Matrix Systems, Inc. announced that it has formalized an agreement with XOR Data Exchange to provide DMS clients access to new permission-based data exchange platforms for use in fraud and risk mitigation efforts. By choosing to leverage alternative data sources in addition to traditional credit data, financial services and insurance companies can more effectively evaluate applicants. XOR enables companies to share data sets within and across industries while retaining control and ownership of their proprietary information. Participating companies are able to leverage data not previously available in order to more effectively address existing fraud and credit risk concerns without compromising competitive advantage or security standards. Through this partnership, DMS clients can quickly integrate XOR’s data exchanges into their existing information systems for multiple purposes, including: Small Business Fraud and Credit Risk- XOR’s Small Business Risk Exchange helps service providers comply with Know Your Customer and Anti-Money Laundering regulatory requirements, and better evaluate small business applicants even with little or no business credit history; and Identity Theft Risk- XOR’s Compromised Identity Exchange allows companies that incur fraud losses as a result of data breaches to evaluate which of their customers carry high risk of identity theft in order to prevent fraud before it is perpetrated.

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