Yariv Hasar, general manager and chief delivery officer at Pagaya Technologies, first introduced himself and Pagaya – a credit-analysis platform and network that enables lenders to make more empowered credit decisions.
Yariv presented the challenges financial services providers often face and how they usually result in inefficiencies. He explained Pagaya’s solution of creating a unique AI financial network infrastructure that enables approving loans and connects investors to assets from said loans. Yariv detailed how the platform is using explainable machine-learning technology that transforms the inputted data in the system into estimates, which are then translated into business information.
He explained that disruptive innovation requires new technology, appropriate culture, and proper infrastructure. He demonstrated this statement on the development of street lighting and Uber.
Yariv also demonstrated it on Pagaya in the following way:
- Infrastructure – credit data, data science, cloud computing, and cyber defense
- Culture – inclusion awareness, consumer credit, online commerce, and consumer expectation
- Technology – data mining, AI/ML, Python & Github libraries, and secure connectivity
Yariv showed us how the platform is built for scale and modular to suit their partners' needs and gave a few examples of its effect on inclusion.
At the end of the lecture, Yariv shared his view on the future of AI and why he thinks Pagaya AI will evolve into a broader AI and nor generative AI.
