Summary
What it does: Cascading AI, through its main product Casca, offers loan-origination software for the banking sector with an integrated AI assistant that allows firms to extend their hours.
Why it's on the list: "Customers do not operate on the 9-to-5, Monday-to-Friday schedules that banks do," Laura Bock, a partner at QED Investors, said. "When a pizzeria's oven breaks, the owner is inquiring about a loan after closing shop. While today, it might take nearly three days to hear back from a loan officer after submitting an application, financial institutions using Casca's AI platform are able to unlock 24/7, 365 support for current and potential customers."
Dana Eli-Lorch, a founding partner at Vesey Ventures, said: "Their flagship product, an AI-powered loan assistant, enables manifold increases to banks' productivity and loan conversion rates, all while enhancing both accuracy and applicant experience. Casca exemplifies the powerful impact AI can have on financial services, driving significant operational efficiency and customer satisfaction."
