Modena, July 2024 – Axyon AI, an Italian fintech leader in the field of advanced artificial intelligence solutions for the financial sector, has partnered with Banca Cambiano 1884 S.p.A., headquartered in Florence with branches not only in Tuscany but also in Rome, Turin, and Bologna, for the adoption of an artificial intelligence (AI) based model strategy. Since May, the partnership has aimed to enhance the know-how of the bank’s wealth management team in global securities trading activities.
The initiative represents a first approach for the Tuscan bank in using AI for wealth management, with the aim of increasing alpha generation and diversifying investments in an increasingly competitive financial landscape. The AI model strategy developed by Axyon AI will assist Banca Cambiano 1884 in supporting trading decisions by leveraging advanced predictive analytics.
“The integration of an AI layer into Banca Cambiano 1884’s investment strategy confirms their recognition of the value that technology can bring to wealth management,” said Daniele Grassi, CEO and co-founder of Axyon AI. “We are very confident in the potential of the new partnership and in supporting Banca Cambiano 1884 in this approach towards innovation.”
Filippo Capaccioli, Head of Finance Area of Banca Cambiano 1884: “The decision to implement AI reflects Banca Cambiano 1884’s commitment to staying at the forefront of the financial sector, utilizing cutting-edge technologies to improve returns and offer increasingly high-performing investment alternatives to its clients. The effectiveness of the model strategy will be constantly monitored, with updates planned to guide future implementations and innovations.”