Nivo unveils off-the-shelf AI assistant for brokers

Nivo has launched an off-the-shelf AI assistant designed to support brokers with commercial finance applications.

Called Nivo Collect, the service is designed to gather, check and chase documentation required in commercial finance applications.

Rather than requiring firms to build prompts, create workflows or integrate multiple AI tools, Nivo Collect is deployed as a private branded assistant that works over a brokerage's existing email process.

Users email in a case, with the assistant then gathering, checking and chasing the evidence required before returning a fully packaged case ready for submission.

The assistant can be configured for different lending types, enabling brokers to tailor document collection and validation for asset finance, business loans and other forms of specialist commercial lending.

Pricing starts from £1,000 per month, with no implementation project, setup fee or minimum contract term.

"Every broker is talking about AI, but most don't want to become AI developers,” explained Matthew Elliott, co-founder and chief commercial officer at Nivo (pictured above).

“That's exactly why we built Nivo Collect.

“We’ve taken one of the biggest administrative burdens facing commercial finance brokers and turned it into an off-the-shelf service that firms can switch on in hours.”