Collation.AI with Tanmai Sharma | E340

A data warehouse enriched with AI and workflow automation.

In this episode of Fintech Impact, host Jason hosts Tanmai Sharma, the CEO and Founder of Collation.AI. The discussion revolves around how Collation.AI addresses the pervasive issue of data integration challenges within financial services through AI-driven solutions. By focusing on creating a centralized data warehouse and utilizing AI chatbots for workflow operations, Sharma shares insights on enhancing data utility and streamlining services in the sector. 

Episode Highlight:

  • 00:09: Jason introduces the episode and guest Tanmai Sharma, CEO and Founder of Collation.AI. Understanding the company's mission illuminates the episode's focus on solving data integration and workflow challenges in financial services through advanced AI technologies.

  • 01:05: Sharma details the core problem Collation.AI aims to solve - the ubiquitous data headache in financial services, particularly among RIAs, accountants, and family offices. This segment delves into the specific issues around data syncing across different systems, such as CRM and portfolio management tools, highlighting the real-world implications for financial professionals.

  • 02:45: Exploring Collation.AI's solution to the data integration problem, Sharma talks about the use of bots and AIs in conjunction with a centralized data warehouse. This approach simplifies data management by offering a unified source of truth, an elegant solution to the previously mentioned data headaches.

  • 04:29: Sharma underscores the flexibility and scalability of their solution compared to traditional methods, which often rely on manual data management. This part of the conversation emphasizes the efficiency and accuracy benefits of using AI and bots for data synchronization tasks.

  • 05:13: Highlighting the importance of data normalization and traceability, Sharma explains the technical aspects of how Collation.AI processes and cleans data. He underscores the necessity of maintaining integrity and traceability throughout the data management process.

  • 06:48: A deeper dive into the specific services Collation.AI offers, including data syncing across platforms, data hygiene, and generating actionable insights through analytics. Sharma presents examples of these services in action, offering listeners a clear view of the potential applications and benefits.

  • 08:54: The role of artificial intelligence in enhancing data management and user interaction with Collation.AI's platform is discussed. Sharma elaborates on how AI aids in analyzing unstructured data and simplifying interactions through moderated conversations with a chatbot.

  • 11:11: Discussing the future vision for Collation.AI and the broader Fintech sector, Sharma speculates on the move towards data standardization. This future direction promises to further streamline data handling across platforms, potentially revolutionizing how financial data is managed and utilized.

  • 14:36: Sharma reflects on his professional journey and the evolution of Collation.AI. His insights provide a personal perspective on the challenges and opportunities in leveraging technology to solve complex data issues in the Fintech domain.

Key Points:

  • The integration of AI and bot technology in managing financial data can significantly reduce the complexity and enhance the efficiency of data workflows.

  • Data standardization across the financial services industry could revolutionize how professionals manage and utilize information, leading to more informed decision-making and streamlined operations.

  • Collaboration between technology providers and financial professionals is key to addressing the ongoing challenges of data integration, accuracy, and utilization.

  • The journey of adapting advanced technologies in traditional sectors like finance underscores the importance of experience, knowledge, and continuous innovation in solving industry-wide problems.

Tweetable Quotes:

  • "It should be a criminal offense to have the data and not use it correctly." - Tanmai Sharma

  • "We're not competing with anyone; our competitor is a human being. Our solution is in a very different zip code." - Tanmai Sharma

  • "Every customer gets a separate data warehouse...it's easier, cheaper, faster, more reliable." - Tanmai Sharma

Mentioned Resources:

Fintech ImpactJason PereiraFintech