The FINANCIAL -- Axyon AI will use the investment to speed up growth and develop its product offering, among which SynFinance, an AI-powered platform that uses predictive analysis to identify the investors who are most likely to participate in a syndicated loan.
Currently, the financial data analysed to provide clients with advice is complex and often fragmented, creating a cumbersome and time-consuming process for banks.
“Extracting value remains a painful manual process,” said Daniele Grassi, CEO of Axyon AI.
This is where SynFinance comes in.
Based on an algorithm that learns from hundreds of thousands of historic transactions, SynFinance can review over 300 potential investors and their likelihood to participate in a syndicated loan. This enables banks to be more effective and offer better advice to clients.
“We are excited to solve this problem through deep learning, an incredibly powerful branch of AI,” said Mr Grassi.