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Stock impact report

NextAce Announces Processing Of Its 10 Millionth Title Report

FNF Group of Fidelity National Financial, Inc. (FNF) 
Last fnf group of fidelity national financial, inc. earnings: 4/22 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.fnf.com
Company Research Source: PR Newswire
ORANGE, Calif., Oct. 10, 2018 /PRNewswire/ -- NextAce, a leader in title automation solutions and a wholly owned subsidiary of Fidelity National Financial (NYSE: FNF), today announced the completion of its 10 millionth automated title report. Since its founding in 2003, NextAce has worked to automate the title production process and now represents 20% of real estate transactions in the United States. This is a significant milestone for both the company and the title industry and shows how increased pressure on the industry to deliver faster title reports has driven the widespread adoption of automation solutions like NextAce. "Tech startups say they are coming for our industry, and they are attracting tens of millions of dollars in funding from venture capital with the message that the title report process is inefficient and obsolete. The argument is that a system built on Artificial Intelligence (AI), machine learning and predictive analytics can replace traditional examination," sai Show less Read more
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