QuickFi launched the QuickFi Innovation Lab, designed to unite emerging technologies with the next generation of talent to shape the future of commercial lending.
The lab aims to foster real innovation projects that move quickly to production in the $1.3 trillion equipment finance industry. It partners students with business leaders to reimagine the industry using embedded finance and agentic AI.
Students at Cornell University initiated multiple AI initiatives and collaborated to learn about commercial lending, innovation and embedded lending. The AI initiatives included:
- Insurance Agent: The AI agent autonomously manages insurance certificate tracking, new certificate requests, received certificate verifications and communications with insurance agency employees and customers. It automates the casualty insurance management workflow. The solution utilizes LLM reasoning and is deployed on Azure. The AI insurance agent is in production and operates autonomously with human in-the-loop oversight.
- Voice Agent: The customer support voice agent uses AI voice technology with a growing knowledge base of support call data to automate frontline customer support. The agent uses LLM reasoning and is deployed on Azure. The AI customer support agent is in production and operates autonomously with human in-the-loop oversight.
- Competitive Agent: The competitive analysis AI agent provides QuickFi OEM partners with real-time market pricing and financing data. It combines insights from multiple LLM models to summarize competitive pricing and financing options in a specific market. This competitive analysis AI agent is in production and operates autonomously.
- Marketing Agent: The marketing AI agent uses predictive and agentic systems to evaluate borrower financial data in the QuickFi platform.
