Cardo AI and Multitude Bank Digitize SME Lending Operations
Cardo AI has entered into a strategic partnership with Multitude Bank p.l.c., a subsidiary of Multitude AG, to modernize asset-based lending. The collaboration will leverage Cardo AI’s platform to automate processes, boost efficiency, and enhance transparency across lending operations.
Altin Kadareja, Co-Founder and CEO of Cardo AI, emphasized the role of technology in advancing asset-based credit. “By automating operations, our platform empowers institutions like Multitude to accelerate asset-based lending and provide SMEs with faster, more flexible financing,” he said.
Alain Nydegger, CEO of Wholesale Banking at Multitude Group, highlighted the importance of scalability. “Our clients demand speed and reliability. By consolidating operations onto a single platform, we can expand efficiently while maintaining compliance and transparency for both regulators and investors.”
Unified Platform for Transparency and Growth
The Cardo AI platform will integrate Multitude Bank’s loan, collateral, and counterparty data into a unified system. This consolidation ensures real-time visibility into portfolio performance and covenant compliance. It also simplifies regulatory reporting, accounting processes, and business oversight, enabling accurate, audit-ready records.
By partnering with Cardo AI, Multitude Bank aims to strengthen its asset-based lending framework and expand access to capital for small and medium-sized enterprises. This initiative underscores a growing industry trend of leveraging AI-driven platforms to scale private credit and asset-based finance.
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News Source: Businesswire.com
