October 28, 2020
By Auto Remarketing
PORTLAND, Maine, originally posted on Auto Fin Journey - It’s been an award-winning autumn so far for Constant.
A week after it received a 2020 AI TechAward, the fintech and automated loss mitigation provider announced on Wednesday that it has been named to the 2020 Benzinga Global Fintech Listmakers.
Constant highlighted that the official Benzinga Fintech Listmakers comprises 250 carefully vetted and renowned companies and executives who are striving to revolutionize the fintech industry. From deeply established companies to the newest startups, this group is impacting sectors such as payments, banking, investing, technology and financial literacy.
Constant said it was recognized for its contribution to fintech in the Innovation During COVID-19 category. Driven by pandemic-related, call center chaos, Constant repurposed software it built to automate hardship relief for its own borrowers, to a robust self-service, loss mitigation software platform that could be used by other lenders to serve their customers.
The company’s cloud-native, Software as a Service platform, Constant+, is designed to eases the strain on consumers, auto finance companies and mortgage lenders by offering faster, more accurate and fully auditable decisions about payment deferrals, contract modifications, recasts, repayment plans and workout alternatives to financially stressed borrowers.
“We’re honored to be recognized as a Benzinga Fintech Listmaker, particularly in the category of Innovation during COVID-19,” Constant chief executive officer Catherine York-Powers said in a news release.
“It’s especially rewarding to know that what we set out to do at Constant — which was to help lenders drive down delinquency and default, and keep families in their vehicles and homes — is making a real difference,” York-Powers continued.
Benzinga CEO Jason Raznick added his perspective about this year’s honorees.
“We’re recognizing the companies that will define the future of our financial lives,” Raznick said. “Since the inaugural Benzinga Fintech Awards in 2015, our listmakers have closed $300 million in deals and partnered with some of the biggest players in the industry.
“We look forward to honoring these players for years to come, as well as finding the next generation of fintech,” he added.
Meet Constant AI.
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