We are excited to announce Pagaya Investments has signed-on as a sponsor of the ABS East Conference in Miami, FL to be held on September 22-24, 2019. As an innovator in the asset management space, Pagaya has demonstrated the opportunities created by using AI to create innovative investment products. With $750 million in assets under management, Pagaya has established itself as an asset manager as well as a leader in the digital transformation of lending and banking.
Pagaya issued $315 million in actively managed asset-backed securities (ABS) in 2019. The use of big data and machine learning allow the firm to go beyond traditional credit scores to identify prime loans. Pagaya’s innovative analysis using AI creates the ability to select and purchase individual loans in contrast to traditional ABS products that are comprised of pools of assets.
Pagaya’s success is based on its ability to capitalize on multiple technologies disrupting the traditional asset management and banking industries. A recent report on the industry forecast for digital lending noted a “rapid shift from traditional lending to digital lending, increase in government initiative toward digital lending, and surge in need of reduced loan management time among borrowers and lenders have boosted the growth of the global digital lending platform market.”
Gal Krubiner, Pagaya’s CEO and co-founder states, “As an innovator in the asset management space, and more specifically the ABS market, we’re proud to showcase our firm at ABS East.” The firm is in the process of expanding beyond personal loans and into real estate, corporate credit, mortgages, and other asset classes. “We are proud of Pagaya’s growth in the last three years and look forward to continuing to make our mark on the industry,” added Krubiner.