Name: Axefinance at Sibos 2023 – Automating the credit lifecycle
Uploaded: 2023-09-29T12:52:49.039Z
Duration: 360.43
Description: At the Sibos 2023 conference in Toronto, FinTech Futures sat down with Axefinance CEO Dhafer Berrachid and CCO Chris Kneen to learn more about the company’s loan origination products and services and its future expansion plans.

01-Dhafer Berrachid and Chris Kneen-2.mp4

01-Dhafer Berrachid and Chris Kneen-3.vtt

ENGLISH

{{00:00:06}}
This is Fintech Futures at Sibos and
I'm joined by Dhafer Berrachid, CEO

{{00:00:10}}
and Chris Neen, CCO of Axe Finance.

{{00:00:12}}
Gentlemen, thank you so much
for taking the time out to

{{00:00:14}}
come and speak with us today.

{{00:00:15}}
I hope you've been
enjoying the conference.

{{00:00:17}}
Dhafer, I'll come to you first, please.

{{00:00:18}}
Can you briefly explain a little bit
about Axe Finance's businesses and what

{{00:00:21}}
kind of products and services you've
been displaying here at Sibos this year?

{{00:00:24}}
Yeah, sure.

{{00:00:25}}
Axe Finance is a software vendor.

{{00:00:28}}
We've been specializing in the
credit space delivering high tech

{{00:00:34}}
lending solutions to, to the market
and continuously adding value.

{{00:00:41}}
We're based in we're serving our clients
through eight locations, basically.

{{00:00:47}}
And serving major tier one banks as
well as smaller lending institutions.

{{00:00:55}}
Excellent.

{{00:00:55}}


{{00:00:56}}
And Chris, I'll come to you.

{{00:00:56}}
How can lenders then leverage
technology to stay competitive

{{00:00:59}}
while mitigating that credit risk?

{{00:01:01}}
Yeah, it's it's a real challenge for
the industry and we've been helping.

{{00:01:07}}
Banks achieve this and I think it's known
as the sort of digitization that's been

{{00:01:12}}
happening across financial services and
there's three sort of key things really is

{{00:01:18}}
make sure that you've got the technology
that's flexible enough to enable you

{{00:01:21}}
to make smart decisions using every.

{{00:01:25}}
elements of data that you want to use
at any point in the customer journey.

{{00:01:29}}
And then giving you the sort of
flexibility to apply analytics in the

{{00:01:34}}
form of AI to make those decisions.

{{00:01:37}}
And I mentioned agility a lot because
we're in a constantly changing world,

{{00:01:41}}
so just make sure that technology you're
using allows you to respond quickly,

{{00:01:45}}
not only to regulatory changes, but also
some rapid changes in market forces.

{{00:01:51}}
that we've seen over the last year or so.

{{00:01:53}}
So it's really, it is really important.

{{00:01:55}}
And then one of the primary reasons
that Dhafer and I are here is to

{{00:02:00}}
talk about the metaverse, which is
that next generation that's emerging

{{00:02:04}}
and emerging quickly, and how that
will combine with the digitization.

{{00:02:09}}
that we've been going through for the
last decade in financial services,

{{00:02:12}}
but bringing back the personalization
that the metaverse will bring through

{{00:02:16}}
augmented and virtual reality, and
how we as a business can support that

{{00:02:20}}
lending journey in this new channel that
is emerging into financial services.

{{00:02:25}}
Yeah, really excited to be here.

{{00:02:27}}
Excellent, excellent.

{{00:02:28}}
And Dhafer, we'll come to you again.

{{00:02:29}}
What's next on the roadmap then
for Axe Finance's ACP so far?

{{00:02:32}}
We are at Axe Finance continuously
innovating, massively investing

{{00:02:38}}
in technology and new features.

{{00:02:43}}
Now we have big teams working on the
introducing as much as we can from

{{00:02:54}}
the AI technologies and algorithms and
models, taking advantage of the whole the

{{00:03:01}}
massive data that our clients have and
building models in order to streamline

{{00:03:11}}
the credit process and make smarter
decisions improving the portfolio quality.

{{00:03:19}}
That's one major topic.

{{00:03:21}}
We're working also on the decentralizing
Decentralization of the bits and

{{00:03:29}}
pieces of your solution, making it
completely API based, which is basically

{{00:03:37}}
offering our clients to pick and
choose from where they would like to

{{00:03:41}}
address this or that specific topic,
and not being forced to buy a big

{{00:03:50}}
solution, a monolithic solution,
while they just need Three

{{00:03:54}}
pieces from the lending process.

{{00:03:58}}
And obviously as Chris has rightly
mentioned, we're working a lot on the

{{00:04:05}}
blockchain technologies, which takes
us to the metaverse and the smart

{{00:04:10}}
contract driven lending basically.

{{00:04:13}}
Excellent, excellent.

{{00:04:14}}
And just to finish off there, what's the
latest news coming out of Axe Finance and

{{00:04:16}}
is there anything else in the pipeline?

{{00:04:17}}
Oh, there is a lot.

{{00:04:20}}
Actually, we've just released
version 9 of our ACP solution

{{00:04:27}}
that's on the product side.

{{00:04:28}}
We are working on a version 10 that
will come in the next year or so.

{{00:04:34}}
We are expanding in terms of geography.

{{00:04:38}}
We're expanding to reinforcing our
presence in our existing markets as well

{{00:04:46}}
as going and exploring untapped market.

{{00:04:49}}
And Chris has joined the company
with that purpose in in mind without

{{00:04:59}}
obviously without letting aside our
existing and fantastic customer base.

{{00:05:07}}
So making sure that these customers are
taking maximum benefit and advantage

{{00:05:15}}
of our solution and our innovations.

{{00:05:18}}
because it's a journey.

{{00:05:19}}
It's not like a snapshot.

{{00:05:21}}
It's not a one off client
provider relationship, but

{{00:05:27}}
rather a long term partnership.

{{00:05:29}}
And we are making sure that
we are investing continuously

{{00:05:35}}
in order to continue

{{00:05:37}}
bring value on the table
to our existing clients.

{{00:05:42}}
So yeah, this is more or less it, Paul.

{{00:05:46}}
Excellent No, it sounds
like an exciting time.

{{00:05:47}}
Dhafer, Chris, thank you so
much for taking the time out

{{00:05:49}}
again to speak with us today.

{{00:05:51}}
It's been a real pleasure.

{{00:05:52}}
Thank you, Paul.

{{00:05:53}}
Excellent.

{{00:05:53}}
Thanks, both.

This is Fintech Futures at Sibos and
I'm joined by Dhafer Berrachid, CEO

Gentlemen, thank you so much
for taking the time out to

I hope you've been
enjoying the conference.

Can you briefly explain a little bit
about Axe Finance's businesses and what

kind of products and services you've
been displaying here at Sibos this year?

We've been specializing in the
credit space delivering high tech

lending solutions to, to the market
and continuously adding value.

We're based in we're serving our clients
through eight locations, basically.

And serving major tier one banks as
well as smaller lending institutions.

How can lenders then leverage
technology to stay competitive

Yeah, it's it's a real challenge for
the industry and we've been helping.

Banks achieve this and I think it's known
as the sort of digitization that's been

happening across financial services and
there's three sort of key things really is

make sure that you've got the technology
that's flexible enough to enable you

elements of data that you want to use
at any point in the customer journey.

And then giving you the sort of
flexibility to apply analytics in the

And I mentioned agility a lot because
we're in a constantly changing world,

so just make sure that technology you're
using allows you to respond quickly,

not only to regulatory changes, but also
some rapid changes in market forces.

that we've seen over the last year or so.

And then one of the primary reasons
that Dhafer and I are here is to

talk about the metaverse, which is
that next generation that's emerging

and emerging quickly, and how that
will combine with the digitization.

that we've been going through for the
last decade in financial services,

but bringing back the personalization
that the metaverse will bring through

augmented and virtual reality, and
how we as a business can support that

lending journey in this new channel that
is emerging into financial services.

What's next on the roadmap then
for Axe Finance's ACP so far?

We are at Axe Finance continuously
innovating, massively investing

Now we have big teams working on the
introducing as much as we can from

the AI technologies and algorithms and
models, taking advantage of the whole the

massive data that our clients have and
building models in order to streamline

the credit process and make smarter
decisions improving the portfolio quality.

We're working also on the decentralizing
Decentralization of the bits and

pieces of your solution, making it
completely API based, which is basically

offering our clients to pick and
choose from where they would like to

address this or that specific topic,
and not being forced to buy a big

solution, a monolithic solution,
while they just need Three

And obviously as Chris has rightly
mentioned, we're working a lot on the

blockchain technologies, which takes
us to the metaverse and the smart

And just to finish off there, what's the
latest news coming out of Axe Finance and

Actually, we've just released
version 9 of our ACP solution

We are working on a version 10 that
will come in the next year or so.

We're expanding to reinforcing our
presence in our existing markets as well

And Chris has joined the company
with that purpose in in mind without

obviously without letting aside our
existing and fantastic customer base.

So making sure that these customers are
taking maximum benefit and advantage

It's not a one off client
provider relationship, but

And we are making sure that
we are investing continuously

bring value on the table
to our existing clients.

Excellent No, it sounds
like an exciting time.

Dhafer, Chris, thank you so
much for taking the time out

FinTech Futures

Event Session

At the Sibos 2023 conference in Toronto, FinTech Futures sat down with Axefinance CEO Dhafer Berrachid and CCO Chris Kneen to learn more about the company’s loan origination products and services and its future expansion plans.