#Singapore #MONTECH #Mondevo Group #Meight

Mondevo Group Finalizes Acquisition of Meight, Rebrands as MonTech

Mondevo Group, a pioneering force in AI-driven wealth management, has successfully completed its strategic acquisition of the Singapore-based artificial intelligence development firm, Meight. This acquisition, which marks a significant milestone in Mondevo’s expansion plans, will see Meight rebranded as MonTech. This transformation positions MonTech as the dedicated in-house technology division for Mondevo Group.

The Vision Behind the Acquisition

Diving deeper into this acquisition, Mondevo Group aims to bolster its capabilities in artificial intelligence and technology, aligning with its aspiration to serve family offices globally as the first truly AI-native ecosystem. This acquisition comes under the expert guidance of Cristiano Motto, the founder of Meight, who has gained recognition as a pioneer in AI and fintech. He has been appointed as the Head of AI Technology across all branches of Mondevo Group, spearheading the integration of advanced AI systems into the group's operational framework.

Hussam Otaibi, Co-Founder of Mondevo Group, expressed enthusiasm over Motto's appointment, emphasizing the unmatched expertise he brings along with a highly skilled team that is already known for implementing large-scale AI solutions across various industries.

Competitive Edge in AI-Native Infrastructure

The merger of resources and knowledge not only secures Mondevo's competitive positioning but also sets the company apart from competitors who typically rely on consultants for incorporating AI features. Mondevo Group is preparing to harness MonTech's proficient development team, comprising over 40 AI experts, including full-stack developers and data specialists. With the integration of MonTech’s proprietary algorithms and tailored language models, Mondevo Group is building an infrastructure that enhances operational efficiency and accelerates product innovation.

The company estimates that this strategic integration will reduce the time required to develop new AI capabilities from several months to mere weeks. Additionally, it is projected to cut down on external developmental expenses by over $8 million per year.

MonTech’s Achievements to Date

Before the acquisition, Meight had already made significant strides, having delivered over 20 major AI projects across sectors such as financial services and aerospace. MonTech aims to continue this momentum, having achieved several key milestones, including the development and scaling of AI-driven startups and executing large-scale AI transformations for major corporations. The establishment of core practices at MonTech—ranging from Innovation Advisory to Venture Building—positions it as a leader in the AI development scenario.

Cristiano Motto: A Leader in AI Innovation

Cristiano Motto, who holds more than two decades of experience in the finance and tech industries, is keen to lead this AI-driven evolution at Mondevo Group. His previous roles include being Chief Innovation Officer at Barclays and establishing various fintech ventures, which align perfectly with Mondevo's vision of pioneering an ecosystem that revolutionizes wealth management through AI technologies.

“I view my role as Head of AI Technology at Mondevo Group as a culmination of my career,” said Motto. He highlighted the potential of AI to reshape the wealth management industry and expressed excitement about making Mondevo Group's ambitious vision a tangible reality.

Looking Forward

With the acquisition finalized and the rebranding underway, Mondevo Group is poised to redefine what an AI-native integrated wealth management platform can achieve. MonTech not only creates a significant advantage for the company in terms of technological expertise but it also positions Mondevo Group as a distinguished leader in leveraging artificial intelligence to innovate and drive growth in wealth management services globally.