Press release
finbryte Wins AI Challenge Award at the IBM Business Partners Summit
finbryte's Business Development Manager Daniela Tsoneva receives the IBM Challenge Awards in Bratislava.
The award recognizes finbryte's innovative integration of IBM Watsonx machine-learning tools into its mortgage origination platform. It revolutionizes the way bank loan officers and mortgage brokers handle complex and time-sensitive workflows. This innovation addresses key challenges in the mortgage approval process, including:
- Error detection and consistency checks: AI analyzes borrower data to identify errors and inconsistencies.
- Process guidance: AI recommends next-best actions to streamline the loan officer's workflow.
- Knowledge access: An AI assistant ensures quick and easy access to the lender's knowledge base.
"Receiving this award from IBM validates our commitment to innovation and excellence in transforming the mortgage industry," said Dean Spasov, CEO of finbryte. "Our integration of Watsonx into the platform marks a significant step forward in delivering AI-driven efficiencies that empower our clients to better serve their customers," he added.
The platform not only enhances operational efficiency but also bridges digital marketing efforts with loan disbursements, creating a seamless and customer-centric experience. finbryte is also exploring further collaborations with IBM to develop a Watsonx-powered assistant that integrates client-facing origination processes with banks' backend systems, such as document storage and CRM platforms.
finbryte
15-17 Tintyava str.
Sofia 1113 Bulgaria
About finbryte
Finbryte specializes in developing cutting-edge digital solutions for loan providers and mortgage brokers. By combining advanced AI technologies with deep industry expertise, finbryte empowers financial institutions to improve efficiency, ensure compliance, and enhance customer satisfaction.
The company has already built custom digital solutions and origination platforms for mortgage providers owned by KBC Group and OTP Group, managing combined home loans for over GBP 5 billion. Its AI-powered solution development earned a Seal of Excellence from the European Innovation Council for its high value and transformative potential.
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