Immobilization in the occupied Italy: the application provides a complete overview.

One of the most interesting projects in the non-performing loan (NPL) market in Italy is an application called Asset Finding. Developed and patented by Davis & Morgan, it provides a comprehensive overview of mortgaged properties across the country, assesses their value, displays information about the debtor, creditor, and the current status of the enforcement procedure, as well as predicts the potential timeline to auction. This application combines the management expertise of Davis & Morgan with advanced artificial intelligence technologies. Using specialized algorithms, data from various sources is collected, aggregated, and analyzed, and then presented in the form of simple, intuitive, and comprehensive reports.

Davis & Morgan Company

The company Davis & Morgan was the first to take advantage of this application, and according to its CEO Andrea Bertoni, it allows for processing thousands of transactions throughout the week without the need to hire a large number of analysts and lawyers. This had limited the scale of the business in acquiring mortgage loans for individual properties. The company also decided to open access to its software for everyone, creating a revolution in the NPL world and enabling investors in this sector to utilize it.

Development plan for Davis & Morgan

One of the key parts of the development plan for Davis & Morgan is the creation of a second fund amounting to around 100 million euros, similar to the previous Mizar fund, which delivered remarkable results with an average return of over 20% and a significant number of successful company restructurings. The new fund will offer a socially-oriented approach. The company will enter into agreements with debtors who wish to do so, acquiring loans from creditors or servicing companies, and then transferring them to a new bond company (Spv). The debtor will transfer the property serving as collateral for the loan to ReoCo within the Spv and will sign a lease agreement with a purchase option at a fixed price, valid for the next 12-24 months. If the debtor does not buy back the property, it will be sold on the market, and the proceeds, minus expenses, will be returned to them.

Tokenization in NLP

Another important part of the Davis & Morgan project is the tokenization of NPLs and their transformation into digital assets that can be freely exchanged on the blockchain. This will be achieved through the creation of a euro-pegged stablecoin called EuroDM for internal transactions. The company is collaborating with theMilan Fintech Hub of the Bank of Italy and is one of 14 projects selected in 2022. The goal is to make traditionally illiquid NPLs liquid and provide investors with the opportunity for diversification. Today, the market for distributed ledger technologies (DLT) is estimated at around $300 billion, and in the future, it could exceed $16 trillion. Competition in this field is fierce, but Davis & Morgan is actively involved and striving for success.

Company development

The company also plans to expand its offices and hire experienced specialists in new technologies related to its core business in order to implement its strategic expansion plan. It is focused on strong growth both in Italy and abroad, and has sufficient capital as it generates good cash flow and has important financial partners ready to support it in all its needs.

Finally, looking to the future, Bertoni says: "My personal ambition is to create a financial institution that will be recognized internationally and will outlast me, the founder and leader, but unfortunately, I am not eternal."