Upstart | August 02, 2022
Upstart (NASDAQ: UPST), the AI lending marketplace, today announced it has been named the fastest growing auto retail software in the U.S. for Q2 2022, according to data released by Automotive Market Data. From April to June, nearly 240 dealerships went live using Upstart Auto Retail, which was the highest level of growth among dozens of auto software platforms in the survey.1
Our market data shows Upstart Auto Retail had the highest net growth in dealer count in the second quarter of this year, including preferred and exclusive OEM digital retail providers, said Pete Batten of Automotive Market Data, a leading supplier of automotive market insights.
The rapid adoption of Upstart Auto Retail among car dealerships is thanks to its unique combination of in-store customization for dealerships and online access for customers. Earlier this year, Upstart announced that it added mobile-first retail capabilities to its platform, further optimizing the customer experience. Subaru and VW were the latest OEMs that announced support for Upstart Auto Retail, joining Toyota, Lexus, Mitsubishi, and Kia, as well as top franchised dealers from 37 brands including Ford, Honda, and BMW.
“We saw an early opportunity to create a more transparent, seamless experience for both dealerships and customers, which is now being realized in the market, With inventory shortages, dealerships, OEMs, and customers are all looking for a retail experience that reduces time, cost, and complexity. The rapid growth of the Upstart Auto Retail platform indicates a bigger opportunity to enhance how people are buying and financing their cars, which we look forward to bringing to innovative dealer groups across the country.”
-Michia Rohrssen, General Manager of Upstart Auto Retail.
The growth marks an important milestone for Upstart, which continues to transform the car buying experience for customers and dealers – from browsing and selecting a car to quickly securing the best rates for an auto loan. Upstart introduced AI-powered financing to the auto market in 2021, so dealerships could offer affordable financing to more of their customers. Upstart’s AI models take into account more than 1,000 data points to paint a more accurate picture of creditworthiness than traditional credit scores.
Upstart (NASDAQ: UPST) is a leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. By leveraging Upstart’s AI platform, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates for every race, ethnicity, age, and gender, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.
Flueid | July 12, 2022
Flueid, the leading real estate technology company using data and insights to fuel transactions from end-to-end, today announced that Flueid Decision, the company’s patented SaaS platform, is now integrated with Resware, a leading title production system in the U.S. that is part of the Qualia suite of products. This milestone marks the second integration for Flueid with a leading title production system (TPS), natively embedding and delivering data, insights and underwriter-backed clearance decisions upfront in the title workflow to streamline process and support a predictable transaction, every time.
Integration is central to driving newfound speed and collaboration across the real estate life cycle to support our clients – and ultimately the consumer – with the best transaction experience possible, said Matt Regan, Executive Vice President of Transaction Management Platforms at Flueid. We’ve long partnered with title leaders to digitally enhance traditional best practices and processes with our platform. By integrating with the Resware product, we hope to further simplify Resware users’ processes by making data more accessible in a system they already know and love.
The Resware product, which was added into Qualia’s suite of products in 2020 as part of its acquisition of Adeptive Software, streamlines and automates the title production workflow process for optimum productivity and efficiency.
“At Qualia, we believe that technology can transform real estate transactions into simple, secure, and enjoyable experiences for everyone involved, As we continue to invest in Qualia’s Resware product line, we believe that connecting with the right partners, such as Flueid, enables productivity and efficiency for title by creating a reliable and consistent settlement ecosystem.”
-Brian Thome, Vice President of Customer Success at Qualia.
The Resware-Flueid integration creates a single decisioning workflow for an efficient transaction process. With Flueid Decision, Resware users can:
Immediately analyze possible property and consumer title underwriting issues
Receive decisions from one or more national title underwriters without changing workflows
Save time and cost by receiving those decisions in under a minute
Provide lenders control of their pipeline by bringing the title clearance decision to the start of their transaction
Flueid is on a mission to make the rigid real estate process more fluid – fueling transactions with data and insights to make them easily flow from start to finish. The company’s independent, patented SaaS platform unlocks data and embeds it into core operating systems of point-of-sale (POS) platforms, lender operating systems (LOS), title production systems (TPS), servicing platforms and marketplaces to fuel decision-making across market segments in the real estate journey. Intentionally sitting at the intersection of insurtech, proptech and fintech, Flueid’s focused on building solutions that make data more accessible and communication more seamless across the real estate life cycle for an enhanced consumer experience and a predictable transaction every time. For more information, please visit https://www.flueid.com/.
Qualia is the leading comprehensive digital closing platform used by title, escrow, real estate and mortgage lending professionals to transform home buying and selling into simple, secure, enjoyable experiences for millions of homeowners each year. The Qualia platform provides a system of record for the real estate settlement ecosystem, on one secure operating system, through a suite of workflow, accounting, reporting, and communications products as well as its expansive product and service integrations. Qualia is headquartered in San Francisco, CA and has offices in Austin, TX, and Superior, CO.
HUNGER RUSH | August 16, 2022
HungerRush™, the leading cloud software provider for the restaurant industry, today announced the general availability and early pilot results of its OrderAI Talk product.OrderAI Talk allows restaurant consumers to place phone orders with an artificially intelligent phone bot. It supports increased restaurant efficiency and customer satisfaction through improved order accuracy, accurate and complete voice recognition, full-menu integration, no hold times and a fully integrated POS system with order confirmation and delivery and payment options. OrderAI Talk is the ideal solution for multi-unit restaurants with at least 10 locations, and a high phone order volume.
Key benefits of OrderAI Talk include the following:
Increased order accuracy: Complex menus can be easily integrated with OrderAI Talk so that phone-in customers can customize their orders just as they would if they were in store or talking to a live person.
Ability to upsell every order: The intelligent AI system learns consumer behaviors to engage in smart upselling and smart targeted marketing with each call.
Alleviate challenges from staffing issues: Whether it’s small staffs or overworked team members, OrderAI Talk decreases stress on staff by allowing them to forget the phone and focus on what matters most, making great food.
Opt-in to Text Marketing & Ordering: Providing the ability to expand marketing reach and transform analog customers to digital. Automatically send OrderAI Talk customers a text marketing message one week later giving them the ability to quickly respond and place that order via text. 29% of customers who received OrderAI Text marketing placed at least one or more repeat orders.
Improved customer experience: No more busy signals or hold music. Customers can place their orders quickly and seamlessly through the automated attendant from order placement through payment. Of customers that start an OrderAI Talk order, 92% result in completed orders.
“We are continually working toward creating more streamlined services that benefit both the restaurant and customers, “By innovating and improving the existing technologies in place, we can free up more time for employees to focus their time on customer satisfaction and food quality.”
Perry Turbes, CEO of HungerRush.
HungerRush is a leading provider of integrated restaurant solutions that make it easier to delight guests, drive loyalty, and manage restaurants from anywhere. HungerRush 360 is our flagship all-in-one cloud POS system that integrates digital ordering, delivery, customer engagement, restaurant management, and payment processing features with flexible software designed to give operators of all sizes more insight into their customers, more control over their operations, and more power to profitably grow their business. HungerRush OrderAI Text is an innovative text-to-order AI solution, which allows customers to place orders via text without application downloads and user acquisition.