Deutsche Bank partners with finaXai for AI innovation, boosting tokenised fund management with advanced and explainable AI solutions.
Deutsche Bank partners with finaXai for AI innovation, boosting tokenised fund management with advanced and explainable AI solutions.
Deutsche Bank partners with finaXai, a Singapore-based AI startup founded by researchers from Nanyang Technological University (NTU) and the National University of Singapore (NUS). This collaboration aims to explore an expansion of Project DAMA 2, a public-permissioned multi-chain asset servicing pilot that seeks to revolutionize how asset managers handle and service tokenised funds and their investors.
Furthermore, FinaXai is currently participating in the Fincubator programme at the Asian Institute of Digital Finance (AIDF), which is based at NUS. This institute, established jointly by the Monetary Authority of Singapore, the National Research Foundation, and NUS, supports fintech startups focused on deep technology and innovation in digital finance.
By joining forces, Deutsche Bank and finaXai plan to integrate Machine Learning and Large Language Models (LLMs) into asset servicing workflows. Moreover, this initiative leverages explainable AI to help asset managers carry out fund lifecycle activities more quickly, transparently, and accurately.
Dr. Erik Cambria, Co-Founder of finaXai and a professor at NTU’s College of Computing and Data Science, expressed enthusiasm about the partnership. He said, “FinaXai is excited to partner with Deutsche Bank in applying cutting-edge explainable AI techniques to the domains of finance and asset tokenisation. Moreover, this collaboration bridges academic research with real-world applications and explores how explainable AI can converge with tokenisation to streamline processes and enhance the accessibility, adoption, and management of digital assets.”
The project brings together a team of experienced professionals from both institutions. From Deutsche Bank, Boon Hiong Chan, Asia Pacific Head of Securities & Technology Advocacy, and Jie Yi Lee, Digital Product Owner, will contribute their expertise. On the finaXai side, the team includes Dr. Gianmarco Mengaldo from NUS, Dr. Mao Rui and Keane Ong from NTU, and Federico Cristina, CFA, who serves as the Business Lead.
By combining academic research with financial innovation, this partnership marks a strategic step forward in transforming digital asset servicing. Lastly, it sets the stage for further collaboration between finance and academia, ultimately driving efficiency, trust, and adoption in the tokenised fund ecosystem.
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