In a unique era for startups, the landscape of financial services is evolving rapidly with generative AI leading the way. Peter Hung shares how executive leaders across traditional finance institutions are embracing AI as a core driver of innovation and actively seeking partnerships with early-stage startups—whether pre-SEED, SEED, or Series A. This episode explores the shifts in mindset and approach, signaling a new, proactive stance where every leader is expected to achieve an "AI win." Catch the full episode for insights on how this wave of opportunity is reshaping the startup environment in finance: https://lnkd.in/ddaUf3Ui #GenerativeAI #FinanceInnovation #StartupEcosystem #PioneersPodcast
Multimodal
Technology, Information and Internet
New York, NY 1,058 followers
We automate complex, knowledge-based workflows in banking, insurance, and healthcare using generative AI agents.
About us
Multimodal is a NYC-based generative AI company focused on complex workflow automation. We develop generative AI agents using large language models to automate manual, repetitive knowledge-based workflows involving documents and databases. Common applications include document classification and processing ("Document AI"), making decisions using multiple data streams ("Decision AI"), retrieving information from documents and databases for end users via a conversational interface ("Conversational AI" and "Database AI"), and generating new content based on company-specific data ("Content AI"). We are primarily focused on the banking and insurance sector today (underwriting, claims processing, KYC, KYB, income & identity verification workflows), but we also operate in healthcare, legal, real estate, and technology. To learn more, visit us at www.multimodal.dev.
- Website
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https://www.multimodal.dev
External link for Multimodal
- Industry
- Technology, Information and Internet
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2022
Locations
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Primary
6 Saint Johns Ln
New York, NY 10013, US
Employees at Multimodal
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Claire Grosjean
Global Finance & Operation Executive | CFO | S/VP | Expert in Financial Innovation | Operational Excellence in High-Tech & Financial Services |…
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Russ Sacks
Co-Founder & EVP of Innovation and Data Science at Kythera Labs
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Thomas Shaw
Chief Marketing Officer / Chief Technology Officer @ OCMBC, INC.
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Ram Narayanaswamy
VP Business Transformation @ Lloyds Bank | 6 Sigma Black Belt
Updates
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Join us for an insightful episode of the Pioneers podcast, featuring Peter Hung, a seasoned investor at Illuminate Financial. Discover how AI-driven innovations are transforming finance and what it takes to succeed in this dynamic industry. - Generative AI in Finance: Explore how generative AI optimizes workflows and unlocks new revenue streams, becoming indispensable in today's competitive market. - AI Adoption Challenges: Learn about the hurdles fintech companies face with long enterprise sales cycles and securing buy-in from key decision-makers. - The Role of VCs: Understand how venture capitalists like Peter Hung play a pivotal role in supporting startups through strategic connections and guidance. - Deepfake Detection Technology: Explore the importance of safeguarding communication channels against deepfake threats to protect financial institutions. Peter shares his expertise on navigating the complexities of selling AI solutions to large enterprises, emphasizing the need for human-centered approaches that complement technological advancements. Don't miss out on this opportunity to gain valuable insights from an industry leader! https://lnkd.in/dZV7qZYp #PioneersPodcast #GenerativeAI #AIinFinance
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Whether you're looking for short-term gains or long-term benefits, understanding AI ROI is crucial. -Short-term Wins: Discover how businesses are achieving quick returns through cost savings and improved productivity. -Sustainable Growth: Learn about the enduring benefits of AI, from innovation to scalability. -Tackling Challenges: Explore common obstacles in realizing tangible returns and how to overcome them. -Actionable Tips: Get practical advice on setting clear goals, choosing the right tools, and starting small with pilot projects. Explore our comprehensive guide to understand both short- and long-term strategies for optimizing your AI projects' success. https://lnkd.in/dzQtBWTt #AIROI #AIInvestment #AIGrowth
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🎧By experimenting with prompts, adjusting responses, and reflecting on the process, learners can gain insights into their own preferences and translate these skills into their work. This approach isn’t just about efficiency; it’s about building a culture of continuous learning and adaptability that strengthens organizations from within. Tune in to hear Kate O'Neill on transforming how we learn, work, and grow in the age of AI. https://lnkd.in/d63c8Rft
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Check out our latest blog post to discover 30 AI workflow automation solutions that can transform work across multiple industries. From insurance and healthcare to marketing and HR, discover how these tools are enhancing productivity and efficiency. Here's a sneak peek of what you'll find: - Insurance: Solutions like Guidewire Software and Lemonade API are revolutionizing underwriting processes. - Healthcare: Platforms such as Health Catalyst offer advanced data analytics for better decision-making. - Marketing: HubSpot Marketing automates customer engagement tasks effortlessly. - HR: BambooHR simplifies onboarding and performance management. Our comprehensive guide also covers tools for IT service management, financial processes, and more. These AI-driven solutions are designed to handle complex tasks, optimize workflows, and enable real-time adjustments—ensuring your business stays competitive in a rapidly changing market. https://lnkd.in/dU7aNNrz #AIWorkflow #AutomationTools #MultimodalAI
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In our latest Pioneers episode, we had the opportunity to interview Kate O'Neill, renowned thought leader and CEO of KO Insights. As a leading expert on the intersection of technology and humanity, Kate shares her insights on how businesses can harness technology for both societal and organizational benefit. - Purpose-Driven AI: Why aligning AI with your organization’s core mission is key to creating meaningful impact. - Human Wisdom in Decision-Making: How integrating human oversight ensures AI enhances—rather than replaces—human judgment. - The Future of Work: Why re-skilling your team to collaborate with AI is essential for more impactful roles. - Cultural Readiness: Strategies to prepare your workforce for embracing technological transformation. Watch the full episode for an insightful conversation that will reshape your approach to leadership in the digital age. https://lnkd.in/dBJ9xvEE #PioneersPodcast #LeadershipInAI #TechHumanism #HumanCenteredAI
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We’re excited to welcome Andrew Mattingly, COO at FORUM Credit Union, to Multimodal’s Finance & AI Advisory Board! With over 25 years of experience across lending, strategic planning, and digital transformation, Andrew is at the forefront of pioneering AI-driven solutions in the credit union industry. In his leadership at FORUM, Andrew has leveraged AI to revolutionize lending processes, reduce friction, and drive data-informed decisions, enhancing both operational efficiency and customer satisfaction. His insights into consumer and commercial lending, combined with a strategic focus on AI, make him an invaluable addition to our team. We're thrilled to collaborate as we push forward with innovations in finance and AI automation!
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What an incredible experience at ITC Vegas 2024 InsureTech Connect! 🎉 Being a part of this premier event in the insurance industry was truly a privilege. The energy, innovation, and conversations left us inspired and excited for the future of insurance. Our team had the opportunity to meet so many amazing people at the Plug and Play Insurtech and gener8tor kiosks, where we shared insights on how AI automation is reshaping insurance workflows. We discussed how our solutions are driving efficiencies, reducing manual tasks, and enabling insurance companies to deliver better services faster. It was fantastic to see such a strong interest in leveraging technology to improve processes across the industry. A huge shoutout to Ankur Patel, our founder, as well as Suzanne Rabicoff, Nathan Lian and Nicholas Bianchi for their tireless efforts in making our meetings and connections happen. Your dedication and hard work made a significant impact, and we couldn’t have done it without you! A big thank you to ITC Vegas, Plug and Play, and gener8tor for providing the platform to connect with so many forward-thinking leaders. We’re more committed than ever to pushing the boundaries of what AI can do for insurance. Looking forward to the next steps and continuing the conversation. 🚀 #ITCVegas #BecauseofITC #MultimodalAI
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Uncover the transformative power of AI workflow automation in our latest blog article. This technology is a breakthrough for companies looking to boost efficiency, reduce costs, and improve decision-making by automating both repetitive tasks and complex processes. - Streamline Operations: AI workflow automation helps businesses across industries optimize their processes without disrupting daily operations. - Enhance Decision-Making: By leveraging machine learning, AI can analyze data patterns to provide actionable insights that improve strategic decisions. - Seamless Integration: Integrate AI-powered tools with existing systems for real-time insights and customizable workflows tailored to your needs. This isn't just about replacing manual tasks; it's about empowering your team to focus on innovation and growth. Whether you're in customer service, banking, insurance, or healthcare, AI workflow automation offers industry-specific solutions that drive success. Interested in how this could be implemented in your company? 👉 Click here to read the full article and discover how AI workflow automation can transform your business! https://lnkd.in/dGURcWYX #AIWorkflowAutomation #AIinWorkflow #MultimodalAI
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🎧 Tune into our latest Pioneers podcast episode, featuring Alok Chaudhary, Chief Data and AI Officer at VCU Health. Discover how AI and data technologies are transforming healthcare operations! Key Highlights: - The Power of AI: Learn how AI-driven tools are transforming the management of unstructured healthcare data, which makes up 70-80% of all data. - Patient-Centric Solutions: Explore the creation of "patient 360" views through integrated data from multiple sources, enhancing personalized care. - Simplifying Workflows: Understand how integrating AI into clinical workflows provides real-time insights, improving decision-making and patient outcomes. - Tackling Challenges: Delve into the complexities of AI integration in legacy systems and the importance of interoperability for effective data utilization. - Avoiding Claim Denials: See how AI enhances billing accuracy by reducing errors and preventing insurance claim denials. This episode is a must-listen for anyone interested in leveraging technology to improve healthcare delivery. Click below to watch the full episode and gain valuable insights from Alok's extensive experience! https://lnkd.in/ddjXmza7 #HealthcareInnovation #AIinHealthcare #PioneersPodcast