Italian fintech scaleup MDotM, which develops AI-based investment solutions for banks, insurance companies, asset management and wealth management firms, announces that it has signed a strategic partnership with Noonum, a Seattle-based company specialising in large-scale language models (LLM) and knowledge-graph technologies for the financial services industry.
The partnership will bring additional thematic capabilities within the company’s AI investment platform, called Sphere. As a result, asset and wealth managers will have access to new thematic investment tools that will help them achieve greater efficiency and scalability in their investment process.
At a time when the adoption of artificial intelligence is driving growth and efficiency across the asset & wealth management industry, its integration has become essential to remain competitive and offer customised investment solutions for each client. MDotM’s Sphere is an artificial intelligence investment platform used by asset managers to support strategic and tactical asset allocation, portfolio construction and rebalancing at scale, and automated reporting with analytical and generative artificial intelligence.
Noonum’s knowledge-graph technology, which analyses the relationships between companies, products and geographies, will provide institutional investors with additional functionality on themes and trends to achieve greater customisation of investment objectives.
Federico Invernizzi, chief operating officer of MDotM, commented in a note: ‘This partnership with Noonum is a natural step in our mission to empower investment professionals with the best available technology. By combining our AI capabilities with Noonum’s technology, Sphere will not only deepen its analytical accuracy, but also enable thematic investing with efficiency and scalability. This collaboration reinforces our commitment to helping our institutional clients make impactful, AI-driven investment decisions.”
Shankar Vaidyanathan, founder and CEO of Noonum, adds, “As AI and LLM reshape industries and drive global innovation, Noonum is excited to partner with MDotM to transform wealth management. Our thematic and natural language-based portfolio construction and analytics complement MDotM’s expertise, allowing us to push the boundaries of modern investing together.” (Pictured are Invernizzi and Vaidyanathan)
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