Cardo AI Powers Multitude Bank’s Asset-Based Lending with Automation & Transparency

Cardo AI Powers Multitude Bank’s Asset-Based Lending with Automation & Transparency

Cardo AI partners with Multitude Bank to enhance asset-based lending operations, deploying its full platform to automate and streamline ABL workflows, and giving SMEs faster and more transparent access to funding. This collaboration aims to boost efficiency, regulatory compliance, and operational visibility across the bank’s ABL portfolio.

Why This Partnership Is Significant

Small and medium-sized enterprises (SMEs) often face delays and complexity when seeking asset-based lending. Multitude Bank, a subsidiary of Multitude AG, recognized that manual, fragmented data workflows and outdated systems were limiting speed and risking inaccuracy. By adopting Cardo AI’s platform, the bank hopes to modernize its operations bringing loan, collateral, and counterparty data under one unified, digitally managed system.

What Cardo AI Brings to Multitude Bank’s ABL Operations

The platform will deliver several concrete enhancements for Multitude Bank:

• Unified Data Management: All data related to loan portfolios, collateral, and counterparties will feed into a centralized platform, reducing manual reconciliation and errors.

• Real-Time Portfolio Visibility & Covenant Monitoring: Field-level oversight into how portfolios are performing, with dashboards and alerts for key covenants or compliance metrics.

• Regulatory & Reporting Efficiency: Accounting, audit, and compliance reporting will be quicker and more accurate, helping meet oversight requirements with confidence.

• Faster & More Flexible SME Funding: By automating parts of the process and reducing bottlenecks, Multitude Bank can respond faster to SME funding requests with more flexible structures.

Quotes from Leadership

Altin Kadareja, Co-Founder & CEO of Cardo AI, stated that “technology is the key to accelerating growth in asset-based credit,” emphasizing that automation helps institutions like Multitude provide faster, more flexible funding while maintaining transparency.

Alain Nydegger, CEO of Wholesale Banking at Multitude Group, added: “Our clients expect both speed and reliability… We can scale our ABL operations more efficiently. Consolidating our ABL activities onto a unified platform allows us to deliver faster responses with more flexible structures, while maintaining transparency and audit-ready oversight.”

Implications & What to Watch

This partnership is likely to raise the bar in asset-based finance (ABF) and private credit across several fronts:

• Competitive Advantage for Multitude Bank: Banks that move to modern, tech-driven platforms will likely win business from SMEs who value speed and clarity.

• Scalability with Control: As volume grows, maintaining oversight, quality, and compliance becomes harder; platforms like Cardo AI help retain control even at scale.

• Investor/Regulatory Confidence: Transparent, audit-ready records and real-time data help satisfy regulators, auditors, and investors.

• Broader Industry Trend: Automation in ABL may become more standard, pushing other banks and lenders to adopt similar platforms.

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