In New York, Cardo AI, a prominent technology platform for asset-based finance and private credit, has revealed a significant partnership with Multitude Bank p.l.c., a subsidiary of Multitude AG. Through this collaboration, Cardo AI's platform will be utilized to automate and refine Multitude Bank's asset-based lending (ABL) processes, aimed at improving efficiency and transparency in funding for small and medium-sized enterprises (SMEs). This move highlights the importance of technology in driving growth in asset-based finance.