Shark Tank: Jim Maxfield of Gather Technology

Jim Maxfield of Gather Technology advertises his company’s information verification systems to a panel of three judges in a pseudo-Shark Tank session. Maxfield highlights the issue of the lack of a proper information verification system for the dealers; Gather Technology solves this by utilizing an app to perform AI-level biometric and document verification processes to verify customer information and prevent business risks from transactions made under incomplete or fraudulent information. The judges and audience ask Maxfield about prices, statistics clarifications, the company’s distinctive properties and overall worth to the industry, competition, the effectiveness of the technology, how the biometric system works, the goals of his company, effects on insurance policy rates, and liability processes.