In this episode of the Consumer Credit Matters podcast, host William Black interviews Peter Jasko, CEO and co-founder of Semeris, a company focused on enhancing the efficiency of reading and analyzing legal documents in the securitization market. They discuss the role of technology, particularly AI, in transforming document analysis, the challenges of accessing legal documents, and the expansion of Semeris into new asset classes. The conversation also touches on the competitive landscape, the evolution of legal documentation, and the future of private credit.
Chapters
00:00 Punching Through the Noise: Welcome to Semeris
04:45 Meet the Founder: Peter Jasko on the Origins of Semeris
10:16 Case Study: CLO Documentation Review Process
13:39 The AI Leap: Beyond NLP Frustrations
16:51 Analyst Augmentation and Operational Efficiency
18:25 How Semeris Stands Apart
23:15 Beyond CLOs: Semeris Goes Multi-Asset
41:17 Build or Buy?: Competing in the Legal AI Race
50:18 Complexity in Legal Documentation and Its Implications
56:53 What's in a Name: The Story Behind "Semeris"