Deutsche Bank today announced its collaboration with finaXai, a Singapore-based AI company co-founded by researchers from Nanyang Technological University, Singapore (NTU Singapore) and the National University of Singapore (NUS).

The collaboration will assess a significant extension of Project DAMA 2, the public-permissioned multi-chain asset servicing pilot focused on transforming how asset managers can more efficiently manage and service tokenised funds and their investors.

FinaXai is also part of the Fincubator programme at the Asian Institute of Digital Finance (AIDF), a university-level institute in NUS jointly established by the Monetary Authority of Singapore, the National Research Foundation and NUS, to support the development of fintech startups focused on deep technology and digital finance innovation.

The team will explore integrating Machine Learning and Large Language Models (LLMs) into asset servicing workflows, leveraging explainable AI to help asset managers plan and execute fund lifecycle activities with greater speed, transparency, and precision.

Dr. Erik Cambria, Co-Founder of finaXai and Professor, College of Computing and Data Science, NTU said:

“finaXai is excited to partner with Deutsche Bank in applying cutting-edge explainable AI techniques to the domains of finance and asset tokenisation. 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. Ultimately, this initiative lays the groundwork for synergies between trustworthy AI and asset managers, enabling faster, more precise planning and execution of digital asset and fund lifecycle activities.”

Representatives involved in the project include:

Deutsche Bank:

• Boon Hiong Chan, Asia Pacific Head of Securities & Technology Advocacy and Industry Applied Innovation Lead.
• Jie Yi (Jaelynn) Lee, Digital Product Owner.

finaXai:

• Dr. Erik Cambria, Co-Founder of finaXai and Professor, College of Computing and Data Science, NTU.
• Dr. Gianmarco Mengaldo, Co-Founder of finaXai and Assistant Professor at the Department of Mechanical Engineering, College of Design and Engineering, NUS.
• Dr. Mao Rui, Technology Lead and Research Scientist, College of Computing and Data Science, NTU.
• Keane Ong, Technology Scientist and PhD candidate in Digital Financial Technology, specialising in Machine Learning and Natural Language Processing at NUS.
• Federico Cristina, CFA, Business Lead, finaXai.