(San Francisco and Cupertino, California, September 19 2022) – Oven 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 has 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 broad range of products for the financial services industry. The alliance is designed to accelerate the adoption of AI and blockchain technologies in this important sector.
Amberoon will use Ovenue’s predictive analytics and asset management capabilities to improve the accuracy of asset valuation, tokenization and monetization of financial instruments, particularly loan portfolios. To further transform 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). These included franchise agreements, trademarks, property portfolios and life science patents. The platform now features an asset valuation and tokenization layer, a non-fungible token (NFT) market backed by assets for transactions, and a financing protocol for borrowing and lending against these assets.
“Our mission is to partner 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. said. Together to develop AI and Web 3 related products and services, we can improve the valuation and monetization of financial assets by improving 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’re built on the foundation that the cloud is the bank, so our mission has always been to bring technology innovation without complex code to the corner of the industry that it needs most – banks. smaller and credit unions that have long neglected technology,” adding, “We are excited to partner with Ovene to bring the benefits of blockchain technology and Web3-based solutions to a wide range of effective solutions that best serve industry -specific compliance. priorities.”
About Ovenue Inc.
Ovenue is an AI-based Valuation, Tokenization and Monetization as a Service (VTMaaS) technology and blockchain technology company, providing asset owners and businesses with a comprehensive solution to value, tokenize and monetize their real assets. Ovenue’s open API connects these assets to liquidity pools, enabling real-world borrowing and lending against safe assets.
About Amberoon Inc.
Ambron provides modern 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 of financial crime.
This press release does not constitute an offer to sell or a solicitation To purchase any securities in any jurisdiction.
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