Fintech Startups Botsplash and ProPair Named 2022 LendingTree Innovation Challenge Winners
CHARLOTTE, NC, 30 November 2022 /PRNewswire/ — LendingTree®, one of the nation’s largest, most experienced financial platforms for loans, credit cards and insurance, relaunched its signature Lender Summit that brings together America’s top lenders with industry experts to strategize on the challenges and opportunities in this. post-pandemic market cycle. As part of the summit, LendingTree hand-selected nine fintech companies to compete in the 2022 LendingTree Innovation Challenge, a showcase of promising technology solutions that provide a better mortgage experience for consumers and lenders. Innovation Challenge demos were evaluated by an expert panel of judges who declared Botsplash and ProPair as the Challenge winners.
“It was fantastic to see the caliber of innovation and market relevance from all the participants in the 2022 LendingTree Innovation Challenge,” said Doug Lebda, founder and CEO of LendingTree. “Since LendingTree matched its first borrower with a lender 25 years ago, we’ve continued to find the smartest and fastest ways for our customers to find the right loan with the right lender for their financial journeys. Our Innovation Challenge program is key to identify the leading emerging companies that deliver this goal for lenders and customers.”
Judges Julian Hebron with the base point, Jessica Gardner with North American Savings Bank, and Neal Johnson of Guaranteed Rate considered how each of the nine financial technology companies could transform the mortgage experience for lenders and consumers. While all contestants showcased important innovations, the judges’ scoring process resulted in a two-way tie between Botsplash and ProPair.
Botsplash offers an omnichannel consumer engagement platform that combines SMS, web chat, Facebook Messenger, Google’s Business Messages and more into one unified SaaS-based dashboard. Botsplash takes a human-first approach to connecting lenders with customers, letting real interactions inform how and when lenders should use automation. With flexible CRM integration options and streamlined onboarding, Botsplash empowers businesses to reach customers in new ways while managing customer conversations from a single platform.
The ProPair DECISIONS platform harnesses the power of machine learning to automate and optimize all aspects of lenders’ lead decisions, including the assignment, reassignment and prioritization of lead activities. ProPair empowers lenders to replace outdated manual processes with automated data science to predict potential values, improve sales agent performance, maximize sales goals and optimize sales activities through one simple integration.
“The Basis Point is known for its insider analysis of the fintech software ecosystem that powers banks and lenders, and it was an honor to expand our LendingTree Innovation Challenge partnership this year,” said The Basis Point founder Julian Hebron. “In this role, we help LendingTree select emerging firms that are most relevant to serving lenders right now, scoring fintech companies fairly while pushing them to stay ahead of the market challenges lenders face today. Congratulations on this year’s winners and participants.”
About LendingTree, Inc.
LendingTree (NASDAQ: TREE) is one of the nation’s largest, most experienced online marketplaces, designed to empower consumers so more people can win financially. LendingTree strives to provide consumers with easy access to the best deals on mortgages, personal loans, insurance, credit cards, student loans, business loans, home loans/lines of credit, car loans and more, through its network of over 500 partners . LendingTree has helped over 111 million consumers obtain financing, save money and improve their financial and credit health with transparency, education and support throughout their financial journey.
LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please visit www.lendingtree.com.
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SOURCE LendingTree
