(San Francisco and Cupertino, California, September 19 2022) – Ovenue Inc.a leading company in artificial intelligence (AI) solutions and blockchain technology for valuation, tokenization and real-time asset financing for businesses and financial institutions, today announced a far-reaching partnership with Amberoon Inc., which develops code-free risk, performance and asset management solutions for banks and credit unions, to create a wide range of products for the financial services industry. The alliance is designed to accelerate the adoption of AI and blockchain technologies in this vital sector.
Amberoon will leverage Ovenue’s predictive analytics and asset management capabilities to enhance the accuracy of asset valuation, tokenization, and monetization of financial instruments, particularly loan portfolios. To further change the financial services industry, the company will create efficient blockchain-based markets for asset transactions and monetization. With the new offerings, asset owners will have the ability to transform a variety of financial assets, including loans, into asset-backed digital products that can be licensed, sold and secured through a comprehensive asset valuation, ownership, tokenization and monetization system.
In 2022, Launched Ovenue is an AI and blockchain-powered valuation and funding infrastructure with over $400 million in tokenized assets (TAV). This included franchise agreements, trademarks, real estate portfolios, and life sciences patents. The platform now features an asset valuation and tokenization layer, a non-fungible token market (NFT) backed by assets for transactions, and a financing protocol to borrow and lend against these assets.
“Our burial is to collaborate with fellow innovators to bring new technologies to the financial services sector, and Amberoon is clearly a star in the field,” said Ram Shanmugam, CEO and Co-Founder of Ovenue Inc. Together to develop AI and Web 3 related products and services, we can enhance the valuation and monetization of financial assets by enhancing trust, removing friction from multilateral transactions, improving data management, and accelerating transactions.This is what AI and blockchain technologies can achieve, and we are proud to be at the forefront of this. transformation. We look forward to a long and fruitful partnership with Amberoon driving change in the financial services industry.”
Shirish Nitke, CEO and founder of Amberoon Inc., said: “We build on the foundation that the cloud is the bank, which is why our mission has always been to bring technology innovation without complex code to the corner of the industry that needs it most – banks. smaller and credit unions that technology has long neglected,” adding, “We are excited to collaborate with Ovenue on bringing the benefits of blockchain technology and Web3-based solutions to a wide range of effective solutions that best meet industry-specific priorities.”
About Ovenue Inc.
Ovenue is an AI-based technology and blockchain technology company for Valuation, Tokenization, and Monetization as a Service (VTMaaS), that provides asset owners and businesses with a comprehensive solution to value, tokenize, and monetize their real-world assets. Ovenue’s open API connects these assets to liquidity pools, enabling real-world borrowing and lending against secured assets.
About Amberoon Inc.
Ambron provides state-of-the-art risk management, performance management and asset management solutions to banks and credit unions. Amberoon’s solutions leverage advances in artificial intelligence/machine learning with a codeless SaaS model and a risk-based approach within a flexible compliance framework to reduce operational risk from financial crime.
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