Deutsche Bank revealed on Monday that it has entered into a strategic partnership with the AI company in Singapore in Finaxai to enhance symbolic money service using artificial intelligence technologies and Blockchain.
Cooperation is said to be part of the DAMA 2 project, and it is a multi -asset service pilot aimed at simplifying how asset managers are managed and supported by distinctive money and investor interactions.
The initiative is expected to merge machine learning and large language models in the functioning of asset service work, which allows increased speed, transparency and accuracy through interpretative artificial intelligence.
FINAXAI, in which researchers from Nanyang Technological University and Singapore National University are also part of Fincubator at the Asian Institute of Digital Finance, with the support of the Central Bank in Singapore and the National Research Corporation.
Anand Renkarana, head of securities services at Deutsche Bank in APAC and Mea, said the partnership determines the solutions led by research with industry applications. He said: “We seek to understand the needs of the asset manager’s customers and expect them better while exploring the future of the distinctive symbol.”
Dr. Eric Camberia, co -founder of Professor Finaxai in NTU, said that cooperation embodies academic research with applications in the real world, which enhances access to and implement digital asset services.
Dr. Jianmarko Minglu, co -founder and assistant professor in NUS, added that the project explains the possibility of explaining artificial intelligence in resolving complex financial challenges, which enhances the importance of aligning scientific research with practical financial innovation.