The latest technology news in the wealth management sector from around the world.

Axyon AI
Axyon AI, an Italian AI fintech company, has closed its latest funding round this week, led by the US-based venture capital firm Montage Ventures and accompanied by Techshop SGR, alongside other angel investors.

The €3.9 million ($4.3 million) capital injection will catalyse Axyon AI's commercial expansion and technological development initiatives, the firm said in a statement. The funding round will provide €2.3 million in new cash, with the remaining €1.6 million secured through the conversion of the convertible notes issued in 2022, subscribed by the “Rilancio Startup fund” by CDP Venture Capital, ING Ventures and UniCredit, among others.

By integrating AI-powered insights and active indices, Axyon AI said asset managers are able to navigate complex market dynamics with greater precision and insight.