Bilt launches AI platform for neighborhood businesses
Bilt launches an AI powered platform that gives local businesses access to its technology and neighborhood commerce network, according to PYMNTS. The fintech company built its business on rewards for rent payments and is now extending its technology beyond housing.
Bilt Neighborhood helps businesses reach customers through residential communities, offices, hotels and sports organizations. Businesses can add Bilt AI agents to their systems to manage guest services, customer communications and marketing.
The platform also provides tools for customer acquisition, loyalty programs and performance measurement. Bilt said about $6.6 trillion of the roughly $8 trillion in annual US retail and food services spending occurs in person, while many local businesses still rely on disconnected systems and manual processes. "Local physical world businesses have a chance to get the capabilities and tools that have previously been reserved for only online sellers," founder and CEO Ankur Jain told Bloomberg News, as quoted by PYMNTS.
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