10 / 23 / 2018

HyreCar Announces Strategic Partnership with Shift Technology

HyreCar Inc. (Nasdaq: HYRE), the carsharing marketplace for ridesharing, today announced that it has entered into an agreement with Shift Technology. As a result, HyreCar will deploy SHIFT Technology’s ForceTM, an industry proven, AI-driven fraud detection solution to optimize its insurance claims processes and deliver an exceptional customer experience. Based on Shift’s 75 percent accuracy rate in identifying potentially fraudulent claims – more than twice the current industry standard of 30 percent – HyreCar anticipates that deploying Force will significantly reduce fraudulent claims within six months.