How Startup Kopentech Is Disrupting CLO Underwriting

The video discusses TSW, a refinancing process that uses auctions to reduce costs. It explores the potential for automation in the securities industry, particularly in the CLO market, and the challenges of adopting new technologies due to the industry's reliance on relationships. The video also covers the steps needed for implementation and the potential impact on Wall Street dealmakers.

What factors contribute to the slow adoption of the new Cielo features?

How does the text describe the potential impact of disintermediating Wall Street dealmakers?