Kastle Wins LendingTree's 2024 Innovation Challenge with AI Voice Technology for Mortgage Industry
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[1]
Kastle Named Winner of LendingTree's 2024 Innovation Challenge with Groundbreaking AI Voice Technology
CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- LendingTree, the nation's leading marketplace for loans, credit cards, and insurance and more, recently held the company's annual Lender Summit, bringing together America's top lenders and industry experts to discuss the challenges and opportunities available within the mortgage industry. During the event's annual Innovation Challenge, Kastle was named the winner with their AI Voice technology, a groundbreaking solution for the mortgage industry. In an era where artificial intelligence (AI) is on the forefront of every business leader's mind, many companies find themselves at a crossroads, struggling to effectively integrate AI into their operations to enhance growth and efficiency. Kastle's CEO, Rishi Choudhary, captivated the audience with a compelling live demonstration showcasing voice AI engaging in a realistic customer interaction. Headquartered in San Francisco, Kastle's innovative approach offers the mortgage community a highly effective means to interact with their consumers in a manner that is both controlled and compliant, delivering on the promise of affordability and ease of implementation. "It's been exciting to partner with lenders and servicers to shape the future of AI in lending," said Rishi Choudhary, Kastle Co-Founder and CEO. "We're starting with Voice AI and rapidly expanding to other manual tasks in loan production and servicing. AI will transform the borrower experience while significantly cutting costs and time, and we're thrilled to help lenders bring this technology to life faster." The accolade of winning the Innovation Challenge was determined by a combined vote from judges and attendees, all of whom are professionals within the lending sphere. Kastle's technology emerged as the top contender, receiving the highest score for its potential to make a positive impact on businesses and consumers. This year's LendingTree Mortgage Summit once again highlighted the immense potential of AI to revolutionize the mortgage industry. The success of Kastle's demonstration is a testament to the LendingTree's forward-thinking approach and its commitment to driving innovation in the sector for both borrowers and lenders. For more information on Kastle and their award-winning AI technology, please visit www.kastle.ai About LendingTree, Inc. LendingTree (NASDAQ: TREE) is one of the nation's largest, most experienced online financial platforms, created to give consumers the power to win financially. LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of over 1,000 financial partners. Since its founding, LendingTree has helped over 129 million customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins.
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Kastle Named Winner of LendingTree's 2024 Innovation Challenge with Groundbreaking AI Voice Technology - LendingTree (NASDAQ:TREE)
CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- LendingTree®, the nation's leading marketplace for loans, credit cards, and insurance and more, recently held the company's annual Lender Summit, bringing together America's top lenders and industry experts to discuss the challenges and opportunities available within the mortgage industry. During the event's annual Innovation Challenge, Kastle was named the winner with their AI Voice technology, a groundbreaking solution for the mortgage industry. In an era where artificial intelligence (AI) is on the forefront of every business leader's mind, many companies find themselves at a crossroads, struggling to effectively integrate AI into their operations to enhance growth and efficiency. Kastle's CEO, Rishi Choudhary, captivated the audience with a compelling live demonstration showcasing voice AI engaging in a realistic customer interaction. Headquartered in San Francisco, Kastle's innovative approach offers the mortgage community a highly effective means to interact with their consumers in a manner that is both controlled and compliant, delivering on the promise of affordability and ease of implementation. "It's been exciting to partner with lenders and servicers to shape the future of AI in lending," said Rishi Choudhary, Kastle Co-Founder and CEO. "We're starting with Voice AI and rapidly expanding to other manual tasks in loan production and servicing. AI will transform the borrower experience while significantly cutting costs and time, and we're thrilled to help lenders bring this technology to life faster." The accolade of winning the Innovation Challenge was determined by a combined vote from judges and attendees, all of whom are professionals within the lending sphere. Kastle's technology emerged as the top contender, receiving the highest score for its potential to make a positive impact on businesses and consumers. This year's LendingTree Mortgage Summit once again highlighted the immense potential of AI to revolutionize the mortgage industry. The success of Kastle's demonstration is a testament to the LendingTree's forward-thinking approach and its commitment to driving innovation in the sector for both borrowers and lenders. For more information on Kastle and their award-winning AI technology, please visit www.kastle.ai About LendingTree, Inc. LendingTree TREE is one of the nation's largest, most experienced online financial platforms, created to give consumers the power to win financially. LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of over 1,000 financial partners. Since its founding, LendingTree has helped over 129 million customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins. LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please visit www.lendingtree.com for additional information. MEDIA RELATIONS: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/kastle-named-winner-of-lendingtrees-2024-innovation-challenge-with-groundbreaking-ai-voice-technology-302316374.html SOURCE LendingTree, Inc. Market News and Data brought to you by Benzinga APIs
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Kastle, a San Francisco-based company, has won LendingTree's 2024 Innovation Challenge with its groundbreaking AI Voice technology, designed to revolutionize customer interactions in the mortgage industry.
Kastle's AI Voice Technology Triumphs at LendingTree's Innovation Challenge
In a significant development for the mortgage industry, Kastle, a San Francisco-based company, has emerged victorious in LendingTree's 2024 Innovation Challenge with its groundbreaking AI Voice technology. The annual event, part of LendingTree's Lender Summit, brings together top lenders and industry experts to explore challenges and opportunities in the mortgage sector 12.
The Winning Technology
Kastle's AI Voice technology stood out for its potential to transform customer interactions in the mortgage industry. CEO Rishi Choudhary delivered a compelling live demonstration, showcasing the AI's ability to engage in realistic customer interactions. This innovative approach offers the mortgage community an effective, controlled, and compliant means of consumer interaction, promising affordability and ease of implementation 12.
Impact on the Mortgage Industry
The technology's potential to revolutionize the mortgage industry was widely recognized by professionals in the lending sphere. Kastle's solution received the highest score for its anticipated positive impact on both businesses and consumers. This recognition underscores the growing importance of AI in enhancing operational efficiency and customer experience in the financial sector 12.
Expanding AI Applications in Lending
Rishi Choudhary, Kastle's Co-Founder and CEO, expressed excitement about partnering with lenders and servicers to shape AI's future in lending. He stated, "We're starting with Voice AI and rapidly expanding to other manual tasks in loan production and servicing. AI will transform the borrower experience while significantly cutting costs and time" 12.
LendingTree's Commitment to Innovation
The success of Kastle's demonstration at the LendingTree Mortgage Summit highlights LendingTree's commitment to driving innovation in the mortgage sector. As one of the nation's largest online financial platforms, LendingTree continues to foster advancements that benefit both borrowers and lenders 12.
About LendingTree
LendingTree (NASDAQ: TREE) is a leading online financial platform that provides customers access to a wide range of financial products and services. With a network of over 1,000 financial partners, LendingTree has assisted over 129 million customers in obtaining financing, saving money, and improving their financial health 12.
The company's innovative approach and commitment to helping customers achieve "everyday financial wins" position it at the forefront of the digital financial services industry. LendingTree's support for initiatives like the Innovation Challenge demonstrates its ongoing efforts to advance the financial technology sector and improve consumer financial experiences 12.
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