FICC Focus AI Is Coming in Hot to Muniland: Masters of the Muniverse
Apr 28, 2025
Eugene Grinberg, CEO and co-founder of SOLVE, discusses the transformative power of AI in the municipal bond market. He shares insights on improving transparency and market efficiency through data-driven solutions. The conversation highlights the evolution of his startup from four to 170 employees, navigating early client challenges, and investor dynamics. Grinberg also delves into how AI is reshaping pricing strategies and predictive models, enhancing decision-making with real-time data in an evolving financial landscape.
AI Snips
Chapters
Transcript
Episode notes
Solve's Humble Beginnings
- Solve started with only four people attending client meetings to gather feedback directly.
- This intimate approach ensured no detail was lost and demonstrated commitment to clients early on.
Data is the Real Moat
- AI has lowered entry barriers for pricing firms but data quality remains key to competitive advantage.
- Solve excels through unmatched access to conversational bond quotes, a rare and valuable dataset.
Use AI Models as Guardrails
- Sophisticated shops use multiple AI pricing models in parallel for guardrails and robustness.
- Less advanced firms should start integrating predictive AI models to catch up competitively.