Co-founder, Metadata Advisor. Exactuals was founded at the Stanford Graduate School of Business in 2011 with the goal of modernizing the entertainment payments space. In addition to PaymentHub, Exactuals recently launched RAI, a sophisticated artificial intelligence tool used by record labels and publishers to optimize ownership metadata for the calculation and payment of royalties. City National is a subsidiary of RBC, one of North America’s leading diversified financial services companies. “We are excited to bring our leading technology together with the most trusted bank in entertainment,” Hurst said. Firms can process global payments through operating accounts at City National. The payments firm will continue to modernize the residuals and royalty … The payments firm will continue to modernize the residuals and royalty payment process for the entertainment industry, and over time, it plans to expand to serve other businesses as a wholly owned subsidiary of City National Bank. Exactuals, headquartered in Los Angeles with an office in Nashville, employs about 40 people. Through its flagship product, PaymentHub, Exactuals processes a high volume of payments to rights holders, providing customers with a faster, more transparent, cost-efficient electronic process and the ability to utilize payment data as actionable intelligence. Terms of City National’s acquisition were not disclosed. He and the firm’s other executives are being retained with multi-year contracts. About Our Ads Sitemap | It recently launched RAI, an artificial-intelligence tool for record labels and publishers that helps to calculate royalty payments. Exactuals is a software-as-a-service company whose primary product is called PaymentHub, which provides payments and reporting functions with a high degree of security and accuracy. Mike Hurst will remain CEO of Exactuals. We are a member of: contact. RAI is an open API that uses machine learning to clean and enhance metadata by matching disparate data sets This Demo Page is an illustration of RAI's ability to match disparate sets of data. The Hollywood Reporter, LLC is a subsidiary of Prometheus Global Media, LLC. Leave … Exactuals' RAI & Metadata Advisor. In addition, the company and its investment affiliates manage or administer $64.9 billion in client investment assets. Email. Recognizing clear rights ownership information is a central issue for accurate licensing and ultimately payment, the company recently introduced RAI, a software … jennifer.harlan@cnb.com, Recognized for Excellence in Business Banking by Greenwich Associates for 12 Consecutive Years, Deposit products and services are provided by City National Bank Member FDIC. TWITTER The added financial strength of City National and its parent company Royal Bank of Canada (RBC) will enhance Exactuals ability to serve larger clients, while providing peace of mind to firms of all sizes. Upgrade your browser to optimize your online banking experience. For more information about City National, visit the company’s website at www.cnb.com. SET UP A MEETING TODAY. Mike Hurst will remain CEO of Exactuals. “Exactuals has developed a groundbreaking and unique payments and reporting platform that enhances security and reliability,” said City National Bank Chairman and CEO Russell Goldsmith. Upgrade to the latest Internet Explorer version, Investment and Insurance products: Are not insured by the FDIC or any other federal government agency, Are not deposits of or guaranteed by a Bank or any Bank affiliate. clients. Source: DotBlockchain Partners With Exactuals In Effort to Clear Up Music’s Data Problem. cary.walker@cnb.com, Debora Vrana, (213) 673-7631 Paul Bond With $48.8 billion in assets, City National Bank provides banking, investment and trust services through 72 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis and Washington, D.C. Trained on public information, simply pass any piece of music metadata and RAI will match, resolve, and return additional data for you. Exactuals provides innovative SaaS solutions used by film/TV, music and marketplace companies to manage residuals, royalties and other complex payments.

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