$RELY has increased by 30% following a $30 million EBITDA guidance raise, with the CEO attributing much of this momentum in profitability to advancements in artificial intelligence. The company reported that AI-enabled operational enhancements, particularly through an upgraded fraud model, have led to record-low transaction losses and reduced sideline rates in the fourth quarter, generating approximately $10 million in incremental net revenue beyond initial forecasts.
Reliance Global Group Raises EBITDA Guidance by $30M Amid AI-Driven Profitability Gains
