Cardo AI and Multitude Bank Partner to Revolutionize Asset-Based Lending for SMEs
In a groundbreaking move set to reshape the landscape of asset-based lending (ABL), Cardo AI, a pioneering technology platform specializing in asset-based finance and private credit, has announced a strategic partnership with Multitude Bank p.l.c., a subsidiary of the publicly listed Multitude AG. This collaboration marks a significant step forward in leveraging advanced technology to enhance the efficiency, transparency, and scalability of ABL operations, particularly for small and medium-sized enterprises (SMEs).
The partnership will see Multitude Bank adopting Cardo AI’s cutting-edge platform to automate and streamline its asset-based lending processes. By integrating loan, collateral, and counterparty data into a unified system, the platform provides real-time visibility into portfolio performance, covenant compliance, and regulatory reporting. This not only enhances operational efficiency but also ensures that all records remain accurate and audit-ready—a critical requirement for both regulators and investors.
The Role of Technology in Accelerating Growth
“Technology is the key to accelerating growth in asset-based credit,” said Altin Kadareja, Co-Founder and CEO of Cardo AI. “By automating and streamlining critical operations, our platform empowers institutions like Multitude Bank to enhance the efficiency of their ABL businesses and deliver faster, more flexible funding solutions to SMEs.”
Kadareja’s statement underscores the transformative potential of technology in the financial sector. For SMEs, which often face challenges in accessing timely and affordable financing, this partnership promises to address key pain points by reducing processing times and offering more tailored lending structures. The ability to provide rapid responses and maintain transparency throughout the lending process is expected to foster greater trust and confidence among borrowers.
Meeting Client Expectations with Innovation
Alain Nydegger, CEO of Wholesale Banking at Multitude Group, echoed this sentiment, emphasizing the importance of speed and reliability in meeting client expectations. “Our clients demand both agility and dependability,” he explained. “By partnering with innovative technology providers like Cardo AI, we can scale our asset-based lending operations more efficiently. Consolidating our ABL activities onto a unified platform enables us to deliver faster responses with more flexible structures while maintaining the transparency and oversight required by regulators and investors.”
Nydegger’s remarks highlight the dual focus of the partnership: enhancing operational efficiency internally while improving the customer experience externally. For Multitude Bank, the adoption of Cardo AI’s platform represents a commitment to staying ahead of industry trends and meeting the evolving needs of its clients in an increasingly competitive market.
Streamlining Operations Through Unified Data Management
One of the standout features of the Cardo AI platform is its ability to consolidate disparate data sources into a single, cohesive system. Traditionally, asset-based lending has involved managing multiple datasets across loans, collateral, and counterparties—a process that can be time-consuming and prone to errors. By centralizing these elements, the platform eliminates inefficiencies and provides a comprehensive view of portfolio performance.
Real-time visibility into covenant compliance is another major advantage offered by the platform. For financial institutions, ensuring adherence to covenants is crucial for mitigating risk and maintaining regulatory compliance. With Cardo AI’s solution, Multitude Bank can monitor compliance dynamically, enabling proactive decision-making and reducing the likelihood of breaches.
Moreover, the platform simplifies regulatory, accounting, and business reporting, which are often complex and resource-intensive tasks. By automating these processes, the bank can allocate resources more effectively, reduce manual errors, and ensure that all reports meet the highest standards of accuracy and transparency.
Empowering SMEs Through Faster Funding Solutions
At the heart of this partnership lies a shared mission to empower SMEs—the backbone of many economies—by providing them with access to faster and more flexible funding solutions. SMEs often struggle to secure financing due to stringent requirements or lengthy approval processes. However, with Cardo AI’s platform driving Multitude Bank’s ABL operations, these barriers are significantly reduced.
The streamlined processes enabled by the platform allow for quicker assessments of creditworthiness and collateral value, resulting in faster approvals and disbursements. Additionally, the flexibility afforded by the platform means that lending structures can be customized to better suit the unique needs of individual businesses. This level of personalization not only strengthens relationships between lenders and borrowers but also fosters long-term growth and sustainability for SMEs.
A Vision for the Future of Asset-Based Lending
The collaboration between Cardo AI and Multitude Bank exemplifies how technology can drive innovation in traditional financial sectors. As digital transformation continues to reshape industries worldwide, partnerships like this one demonstrate the immense potential of combining expertise in finance with cutting-edge technological solutions.
About Cardo AI
Cardo AI is the end-to-end platform for asset-based finance and private-credit markets. Its platform manages more than $90 billion in assets under technology, connects to 160+ external systems, and processes 5 trillion data points to power portfolio management, cash-flow modeling, and investor reporting. For further information: info@cardoai.com – www.cardoai.com.
