Ovenue and Amberoon form strategic partnership to build artificial intelligence and blockchain-based technologies for valuation, tokenization and monetization
San Francisco and Cupertino, Calif., Sept. 13, 2022 (GLOBE NEWSWIRE) — Ovenue Inc., a leading provider of artificial intelligence (AI) and blockchain technology solutions for valuation, tokenization and real-estate financing for B2B and financial institutions, today announced a far-reaching partnership with Amberoon Inc., which develops no-code risk, performance- and asset management solutions for banks and credit unions, to create a wide range of products for the financial industry. The alliance is designed to accelerate the adoption of AI and blockchain technologies in this critical sector.
Amberoon’ will leverage Ovenue’s predictive analytics and asset management capabilities to improve the credibility of valuation, tokenization and monetization processes for financial instruments, particularly loan portfolios. Bringing even more change to the financial industry, the company will create efficient blockchain-based marketplaces 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 proprietary and comprehensive valuation, tokenization and monetization platform. .
In 2022, Ovenue launched an AI and blockchain-enabled valuation and financing infrastructure with over $400 million Tokenized Assets Valued (TAV). This included franchise agreements, brands, property portfolios and life science patents. The platform now has a valuation and tokenization layer, an asset-backed non-fungible token (NFT) marketplace for transactions, and a financial protocol for borrowing and lending against these assets.
“Our goal is to partner with other innovators who bring new technology to the financial sector, and Amberoon is clearly a star in that arena,” said Ram Shanmugam, CEO and co-founder of Ovenue Inc. “By working together to develop AI and Web3-related products and services, we can increase the valuation and monetization of financial assets by increasing trust, removing friction from multi-party transactions, improving data management and accelerating transactions. This is what optimal AI and blockchain technology 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.”
“We’re built on the foundation that the cloud IS the bank, which is why our mission has always been to bring technology modernization without code to the corner of the industry that needs it most – smaller banks and credit unions that have long been neglected by technology. sector,” said Shirish Netke, CEO and founder of Amberoon Inc. “We are excited to partner with Ovenue to bring the benefits of blockchain technology and Web3-based solutions to a broad portfolio of efficient solutions that best meet industry-specific priorities.”
About Ovenue Inc.
Ovenue is an AI and Blockchain-based Valuation, Tokenization and Monetization as a Service (VTMaaS) technology company that provides assets and businesses with an end-to-end solution to value, tokenize and monetize their Real-World Assets. Ovenue’s open API protocol connects these assets to liquidity pools, enabling borrowing and lending against real-world collateral.
About Amberoon Inc.
Amberoon offers state-of-the-art solutions for risk management, performance management and asset management for banks and credit unions. Amberoon solutions leverage AI/ML advances with a code-free SaaS model and a risk-based approach within an Agile Compliance framework to reduce operational risk from financial crime.
Additional information
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CONTACT: Ram Shanmugam CEO and Co-Founder Ovenue Inc. San Francisco, CA, USA Tel: +1 (866) 327-2922 Email: [email protected] Website: www.Ovenue.com Digs Majumder Amberoon Inc. Cupertino, California, USA Tel: +1 (646) 896-4427 Email: [email protected] Website: www.Amberoon.com
