QuickFi Innovation Lab brings AI to equipment finance
Initiatives include AI-powered insurance agents, customer support tools
Embedded lending platform QuickFi has launched the QuickFi Innovation Lab, a program designed to bring emerging technologies and student talent together to advance the $1.3 trillion equipment finance industry.
The lab connects top university students with business leaders to develop projects that move quickly from concept to production, with a focus on embedded finance and agentic AI, according to a Sept. 9 QuickFi release. Cornell University students helped initiate several AI projects and collaborated with QuickFi to gain hands-on experience in commercial lending and innovation.
The first initiatives include an AI-powered insurance agent, a customer support voice agent that uses AI voice technology, a competitive analysis tool providing real-time market pricing and a marketing agent that uses predictive systems to identify new opportunities for equipment manufacturers and dealers. All four systems are deployed through Microsoft Azure and operate autonomously with human oversight.
The lab is intended to accelerate practical applications of AI in financial services, not just experiments, according to the release.
