DeFi Digital Digital Asset Management Fintech News

DeFinity Adds Deep-learning AI Models To Detect Digital Asset Market Anomalies

DeFinity Adds Deep-learning AI Models To Detect Digital Asset Market Anomalies

DeFinity, a DeFi marketplace for fiat foreign exchange, tokenised currencies, and central bank digital currencies (CBDC), partners with Axyon AI to enable the first ever use of Deep Learning-powered AI to detect market anomalies in the digital asset space.

Axyon AI is a leading European FinTech company with expertise in Deep Learning/AI for asset management and trading firms. Axyon AI has successful products in several financial use-cases, from security selection and asset allocation to anomaly detection in option pricing.

Manu Choudhary, Chief Executive Officer of DeFinity, says: “Artificial Intelligence is the apex technology of the information age and we are incredibly fortunate to have partnered with Axyon AI, a true innovator in the field. This partnership will allow DeFinity token holders to gain exclusive access to AI powered risk management insights ordinarily reserved for top tier institutional investors.”

SysAdmin Appreciation Day: Top Industry Leaders Share their Insights on IT and Data Ops

AI-powered market anomaly detection is a cutting-edge technology that generates automated alerts on irregular patterns in asset prices, which may be the result of undisclosed new information, ripple effects from correlated assets, or structural breaks in an asset’s behaviour versus the broader market. The AI technology can promptly discover these hidden market data aberrations, which would be otherwise undetectable, and provide an early warning on potential volatility events.

Read More: OnPoint Community Credit Union Introduces New 2% Cash Back Credit Card

DeFinity is a layer-2 protocol and decentralised exchange solution that utilises existing blockchain frameworks, including WeOwn, Ethereum, Binance Smart Chain, Polkadot, and Cardano. With a focus on interoperability, the ambition is to create a more inclusive decentralised ecosystem that helps to bridge traditional assets with digital assets.

Daniele Grassi, Chief Executive Officer of Axyon AI, says “Digital assets will inevitably reconfigure the financial sector, and DeFinity is at the forefront of this evolution. We believe that our AI-powered solutions, which are already used by leading players in the traditional asset management sector, will provide DeFinity’s community with valuable help in identifying market anomalies and related risks in the digital assets space.”

Read More: Thunes Enables Ethiopia’s Dashen Bank to Make Instant Cross-Border Transfers to Bank Accounts and Amole Mobile Wallets

Related posts

Automated Financial Systems, Inc. Announces New Platform Technology for AFSVision, More Options for Clients

Fintech News Desk

Bitcoin’s On-Chain Volume Increased By 317% Reaching $4.2 Trillion In 2021

Fintech News Desk

MRHB DeFi Backed by Polygon Technology to Build new Decentralised Philanthropy Protocol DePhi in World’s 1st Halal Ecosystem

Fintech News Desk