Quoteshack

While working with different financial institutions in Canada, we noticed that most institutions use different platforms or multi-functional systems. For generating leads, creating applications, interacting with clients, collecting documents (mostly via email), & lastly processing loan applications. This kills time, as well as trouble for the employees, and at the same time delays in closing deals. Having all these functions split across multiple platforms creates inefficiencies. Switching between systems for each step adds unnecessary complexity and introduces more points for delays or errors. QuoteShack’s approach of consolidating these processes should significantly improve workflow, making it easier for employees to focus on closing deals without getting bogged down by system navigation. With everything in one place, institutions can likely reduce errors, streamline processing, and improve client experience by minimizing waiting times. Also on the other side, many borrowers are stuck in a high-interest debt cycle, and QuoteShack can help them. It will help them to find what loan rate of interest they qualify for without hurting their credit, making them know exactly where they are standing. Even new borrowers can also use this feature before applying for a loan. We believe credit history should not prevent anyone from obtaining a loan to fund their future. Our AI&ML model focuses on studying borrowers' financial behaviour (credit data analysis, digital footprint analysis, email analysis, phone analysis, and IP analysis). This allows us to know more about the borrower and as a result, helps them get the best deals possible. We are trying to remove the traditional credit score system and bring in an innovative data-driven system backed by AI&ML model. And overall it helps both sides, borrowers can get the best rates and lenders can reduce variable risk by almost 85 to 90 percent.