Deutsche Bank is collaborating with finaXai, a Singapore-based AI company co-founded by researchers from Nanyang Technological University (NTU) and the National University of Singapore (NUS), to support the development of Project DAMA 2.
The project is a public-permissioned multi-chain asset servicing pilot aimed at improving how asset managers handle tokenised funds and investor services.
FinaXai is part of the Fincubator programme at the Asian Institute of Digital Finance (AIDF), a university-level institute within NUS.
AIDF was jointly established by the Monetary Authority of Singapore, the National Research Foundation, and NUS to support fintech startups focused on deep technology and digital finance.
The collaboration will examine how machine learning and large language models (LLMs) can be applied to asset servicing workflows.
The team will focus on using explainable AI to help asset managers carry out fund lifecycle activities with greater efficiency and transparency.
Anand Rengarajan, Deutsche Bank’s Head of Securities Services APAC & MEA and Global Head of Sales, said:
“Through this collaboration, we unify leading research-backed solutions with industry applications to reduce complexity and boost AI’s explainability and integration with DLT. With this work, we seek to better understand and anticipate our asset manager clients’ needs as they explore the future of tokenisation.”
Dr Erik Cambria, Co-Founder of finaXai and Professor at NTU’s College of Computing and Data Science, said:
“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.”
Featured image credit: Edited by Fintech News Switzerland, based on image by lisacreative via Freepik
