Altin Kadareja, Founder & CEO, CardoAI
Ask anyone in in the private debt market just how big it is, and you’ll get different answers each time, but it is big, opaque, and not standardised. And Europe accounts for around two-thirds of it. On the buyside, institutional investors, banks and credit servicers need to improve how they manage private debt investments, and on the sellside, corporates and SMEs are looking for keener pricing and access to more funds. Altin Kadareja of Cardo AI suggests to Robin Amlôt of IBS Intelligence that what Europe needs is a standardised risk model. His firm has spent the last 4 years developing an AI algorithm that takes and interprets data from more than 80 private debt information sources.