Kiwi startup Data Insight scoops NZ Marketing Awards

Kiwi startup, Data Insight scoops NZ Marketing Awards

Kiwi business, Data Insight won big at the New Zealand Direct Marketing Awards (NZDM) last night scooping five major awards for their innovative online property valuation tool, ‘Valocity’.

The Valocity team went up against twelve other quality finalists to come out top, receiving the multiple NZDM Awards including:
· Nexus Supreme Winner
· Nexus Gold – Marketing Products & Services
· Nexus Gold – Strategic Vision
· Nexus Silver – Innovation
· Nexus Bronze – CRM & Data Management

Valocity is used by NZ banks to support them in their financial lending decisions. It is also the first-ever Kiwi built Valuation Ordering System, and has revolutionised the New Zealand market since it was launched just over a year ago.

Through disrupting the status quo by significantly improving the overall quality of data and systems that underpin the New Zealand property and mortgage market, Valocity enables the lender to take the customer “off the market” by providing superior service and a faster mortgage decision.

Valocity and Data Insight’s founder and Managing Director Carmen Vicelich, said they were thrilled Valocity’s success was recognised by an organisation as prestigious as the NZ Marketing Association and were equally delighted to win the Nexus Supreme award.

“We are humbled to win against so many worthy finalists. There’s never been a more exciting time to work in data and technology and we are delighted to have our work recognised by the industry. The award is validation that with big dreams and dream teams anything is possible!” says Vicelich.

ENDS

For more information on Valocity visit: https://valocity.co.nz/

Award-winning Valocity was successfully built by combining a number of elements:

Advanced Analytics – Valocity integrates multiple disparate data sources to form a single property view and includes an Automated Valuation Model which is a predictive model that calculates the current value properties.

Insight – Valocity models concentration risk, market performance, and bulk mortgage portfolio value to inform actionable future valuation decisions along with post valuation analysis a, customer conversion metrics and performance.

Next Generation Technology – Valocity is a cloud based digital solution enabling front line staff to deliver relevant and streamlined lending that is customer centric

Connectivity – Valocity merges an ecosystem including banks, brokers and valuers through a powerful online system with dashboards and automated decisioning

Ongoing Always on Insight – optimizing with the ability once a customer has a mortgage to leverage the valuation model to proactively trigger top up offers when an asset increases in value

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