Xactus, a leading fintech provider of verification solutions in financial services, has acquired Baleen Solutions, a specialist in automated self-employed income analysis. The acquisition bolsters Xactus360, the company's Intelligent Verification Platform, with new capabilities offered as Income CalculationX to enable faster, more consistent, and confident evaluation of complex income scenarios.
Quick Intel
The financial services industry faces growing complexity as borrower income sources diversify, particularly among self-employed individuals and those with multiple streams. Traditional manual reviews of tax documents often lead to inconsistencies, delays, and higher operational costs.
Baleen's proprietary automation extracts and organizes data from tax documents rapidly and accurately, eliminating the need for human intervention in many cases. When integrated into Xactus360 as Income CalculationX, this creates seamless, auditable processes that connect loan originators and underwriters while enhancing overall efficiency.
"Self-employed income has long been one of the most challenging areas to evaluate consistently," said Shelley Leonard, President of Xactus. "Baleen's technology strengthens our ability to deliver intelligent verification at scale, helping our clients reduce manual effort while improving transparency, documentation, and efficiency."
"This acquisition represents a shared vision for how verification should work," said Zac Campeau, CEO of Baleen Solutions. "By combining Baleen's automation with Xactus360, Xactus is modernizing income analysis through technology that is faster, more consistent, and fully auditable."
The move expands Xactus' existing Verification of Employment and Income offerings, allowing organizations to replace fragmented processes with an integrated platform that adapts to evolving borrower profiles and market demands. By incorporating specialized automation, Xactus delivers connected verification experiences that support better, faster decision-making with reduced risk.
About Baleen Solutions
Baleen Solutions is a fintech service provider specializing in automated income analysis for self-employed individuals. Serving lenders, tax professionals, and wealth management organizations, Baleen leverages machine vision and data processing technology to deliver fast, accurate, and auditable income insights that support confident decision-making.
About Xactus
Xactus is a leading verification innovator advancing intelligent verification across financial services. Through its proprietary Intelligent Verification Platform, Xactus360, the company delivers advanced data and technology solutions that help organizations make better decisions faster while increasing efficiency and reducing operational waste. With a focus on automation, accuracy, and innovation, Xactus continues to modernize verification and improve outcomes across complex decisioning environments.
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