AIO Logic’s Post

When #AI meets #privatecredit ... Growth 💹 in the asset class and current trends around artificial intelligence💻 are leading to a powerful combination, as explains this article by Forbes : - big players in the field are getting bigger🔥 meanwhile #banks start to reenter the space - #underwriting and #operations of private debt is #laborintensive⚒️ and nearly identical for big and small deals - smaller deals have to be more numerous, but won't benefit from #scaleeconomies 🪜, and therefore risk being overlooked 👀 - enter AI 💥 and its abilities to #scale the unscalable 🚀, tackling the analysis of #financial information, credit #modeling and assistance in #underwriting the deals - AI could accelerate the market share growth 📈 of #megafunds in the space, leaving behind #traditionalbanks 🏦 as funds will be taking advantage in the lower #middlemarket segments - AI will enable the #newnormal for deal timelines to shorten from months to weeks🚅 and the creation of #marketplace🏪 infrastructure as a more and more common place to find #dealflow Check out 👇 the article and share your thoughts💡 in comments !

A New Era in Debt Collection: PAIR Finance Revolutionises Customer Service with Generative AI “Our mission is very clear: AI first. We have been achieving significant efficiency gains with this technology for years. Generative AI is now revolutionising our customer service and taking it to a whole new level. Consumers are getting the help they need faster and more accurately, while we are significantly optimising our operational processes,” explains Stephan Stricker founder and CEO of PAIR Finance. “Our staff can now focus their expertise on complex cases. This breakthrough strengthens PAIR Finance’s position as an innovation leader in the international debt collection industry.” https://lnkd.in/eDRUAetM Denise Schoenherr Marc Treutel Sven Schneider Jana Caterina Erhardt Victor Blagomir Robert Frederik Witte #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Only 11% of the debt collection professionals surveyed by Datos Insights are using third-party solutions that incorporate AI and machine learning, but 40% are either in the process of deploying such solutions or considering it. Fintechs such as TrueAccord January and InDebted use ML models to analyze some combination of consumer engagement data, debt characteristics, and anonymized historical data to determine which digital channels each consumer prefers, when they are most likely to respond, and what a message should say. https://lnkd.in/eHWsau3n

Pi : Your No. 1 Financial Buddy for Smarter Money Decisions https://lnkd.in/g4-gfYP5 Explore our Founder Interview with Pi, a financial buddy that simplifies investments, loans, and savings. #pi #financialbuddy #AI #FounderStory #Startup #Fintech #DesiFounder

𝐓𝐡𝐞 𝐞𝐦𝐛𝐞𝐝𝐝𝐞𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐢𝐬 𝐀𝐈 𝐚𝐧𝐝 𝐎𝐂𝐄𝐍 𝐩𝐨𝐰𝐞𝐫𝐞𝐝. So here's how it works: ✅Open Credit Enablement Network (OCEN) framework aims to classify and connect all key stakeholders within the small business finance ecosystem. ✅OCEN connects everyone including financial service providers with technology platforms, acting as a bridge, facilitating seamless integration and communication to allow financial services to be embedded into almost any digital platform. ✅This Open network model not only enhances accessibility but also promotes transparency and competition, ultimately benefiting small businesses who are the end-users. ✅OCEN facilitates innovation in cash flow-based financing, a departure from conventional asset-based funding. ✅OCEN helps evaluate a business’ creditworthiness by considering its historical, current, and future cash flows. The embedded finance revolution, powered by AI and OCEN, represents a paradigm shift in the financial services landscape. https://t.ly/jFj6R

Are you in the business of Banking and Financial services? Is Debt Collection a ‘pain point’ in your business where you lose time & money while driving you and your staff mad? Don’t you have a clear picture of what’s actually going on at a given point? Hmmmmm Did I ask all the right questions?  Here is the next question: Have you considered automating the Debt collection process? Here are some benefits you can reap by automating the process: ·      Increase accuracy, consistency and efficiency in the collection process. ·      Reduce errors associated with manual data entry. ·      Save time through automated communications. ·      Access information anywhere any time via your mobile devices. ·      Make decisions based on actual data. ·      Increase the speed of debt collection. ·      Reduce cost while improving customer satisfaction. Our Team at #Lowcodeminds has developed such a solution to automate Debt collection using Microsoft Power Platform. It has many interesting features and its not a ‘one size fits all’ kind of a solution. The solution can be tailored according to your organization requirement and as it is developed with low code technology, the time needed to do the necessary customization is very short. Other important point is, our Solution can be easily integrated with your existing systems. Our team of experts will walk with your team in this journey until your ‘pain points’ disappear and believe me this journey is not that long as the solution is done with Low Code. Would you like to know more about our solution? Even better, would you like to have a Demo? Please reach out to us: info.sl@lowcodeminds.com This Article from Forbes will give you more information on how Automation can improve Debt Collection. More and more companies are heading this way, so don’t be late. Take the opportunity to have the added advantage! #lowcodeminds #debtcollection #automation #MSPowerPlatform #lowcode #AI

Disruption Forum: Future of Finance is on TOMORROW! It’s going to be a day packed with insights and inspo from the best in the industry! Date: 20 June 2024 Location: Online What’s in Store? "AI and Hyper-Personalization" – Create financial solutions that are as intuitive as they are smart. Learn how AI can help you build hyper-personalized experiences that keep customers coming back. Featuring: – Carina Grühser from Solaris SE – Dorota (Dori) Zimnoch, PhD from Microsoft – Ulrich Hoyer from zeb consulting "Globalization of Apps and Platforms" – Going global is more than just translating your app. Discover the design principles and compliance strategies that save time and keep your global audience happy. With insights from: – Yael Barak of Worldpay – Bernard Golko from Solution One Fund "Building AI PoC and MVPs Aligned with Business Goals" – Cut through the AI noise and learn how to align your AI projects with your business goals. Get real-world examples from Netguru’s 20+ AI projects, including fintech and insurance innovations. Join: Krystian Bergmann and Tomasz Grynkiewicz from Netguru "Future of Payments" – Explore the future of checkout methods, digital wallets, and BNPL (Buy Now, Pay Later). Plus, learn how to support underbanked consumers in this rapidly evolving landscape. Featuring: – Frantisek Jungr from Visa – Janusz Diemko, fintech and payments expert "Innovation in Finance" – Leverage AI to supercharge your finance solutions. Understand the power of cross-industry collaboration and learn how to accelerate innovation in your organization. Hear from: – Seif K. from ABN AMRO Bank N.V. – Steve Blanchet from Pictet Group – Tomasz Owczarek from Mastercard "Future in Wealth Management" – Engage with customers like never before and balance compliance with cutting-edge AI solutions. Get tips on driving strong engagement from Tal Brockmann of Finnovest Don’t miss out on this opportunity to learn, grow, and connect. Register Now to secure your spot: https://lnkd.in/epv5SiYY Can’t wait to see you there!

Cardo AI, a next generation asset-based finance and private credit technology platform, has completed its $15mn Series A round. The investment was co-led by Blackstone Innovations Investments, Blackstone's early-stage strategic investment arm, FINTOP Capital and JAM FINTOP. Andy Horwitz and Kevin MacDonald, co-founders of Black Mountain Systems, also participated in the round. The $40 trillion asset-based finance and private credit market continues to operate with outdated systems, manual processes and fragmented data. As the market expands with increasingly complex investment strategies, Cardo AI is modernizing the sector's operations with advanced portfolio modeling and collateral data management technology. The platform facilitates investment decision-making and portfolio monitoring of multi-strategy credit portfolios for industry stakeholders—from investors to banks and servicers—leveraging advanced software workflows, a powerful data engine and predictive AI algorithms. The platform also supports servicers, trustees and fund administrators in streamlining operations and reducing costs.

A great observation by John Bakie at Private Debt Investor highlights the challenges and opportunities in integrating technology within the private debt sector. As the article discusses, many private debt firms struggle to grasp and implement technological advancements effectively. At Soteria Market Inc. we are addressing these challenges head-on by developing cutting-edge AI tools that enhance trade efficiency and transparency. We are proud to partner with firms that have chosen to implement technology to efficiently and discreetly manage risk and liquidity. Check out the full article here: https://lnkd.in/dv2_mPpp Let's embrace innovation and drive the future of private debt trading! 🚀 www.SoteriaMarket.com #PrivateDebt #Fintech #AI #DataAnalytics #FinancialTechnology #SoteriaMarket #DistressedAssets #TradingInnovation

Technology (or tech) debt is getting a great deal of attention. Please read this blog on why it's happening and what you can do to address it. StarBridge Advisors https://lnkd.in/gvr6KRGX #technology #techdebt #HIT #AI #CIO #CTO