#Singapore #MONTECH #Mondevo Group #Meight

Mondevo Group Completes Acquisition of Meight

In a significant move in the tech landscape, the Mondevo Group has finalized its strategic acquisition of Meight, a leading artificial intelligence development firm based in Singapore. Following this acquisition, the company has now been rebranded to MonTech, establishing it as an exclusive technology powerhouse within the Mondevo Group. This step marks a pivotal enhancement in the Group’s commitment to innovation and technology, aiming to sculpt the future of wealth management through advanced AI capabilities.

Strengthening the Technological Core

Under the visionary leadership of Cristiano Motto, the founder of Meight and a noted trailblazer in fintech and artificial intelligence, MonTech is now set to support all three strategic pillars of the Mondevo Group: Mondevo Wealth, Mondevo Ventures, and MondeVita. Cristiano has been appointed as the Head of AI and Technology for the entire Group, bringing with him a wealth of expertise and a formidable team, renowned for delivering large-scale solutions across various industries.

Hussam Otaibi, Co-Founder of Mondevo, expressed excitement over Cristiano’s appointment, noting, “We couldn’t be happier to welcome Cristiano to the heart of the Mondevo Group. He is not only the ideal leader for shaping our AI and technology agenda, but he also brings an exceptionally capable team that has already delivered large-scale solutions across the industry.”

A Competitive Advantage

According to Fabio Brambilla, another Co-Founder of the Mondevo Group, this acquisition transforms their competitive stance from strong to insurmountable. “With MonTech fully integrated and Cristiano at the helm of our technological vision, we now possess the only truly AI-native infrastructure in our industry,” he remarked. This distinction is crucial as the firm looks to create solutions that are not merely adjuncts to existing offerings but are built into the core of their systems.

With MonTech leading the charge, Mondevo’s proprietary algorithms, customized large-scale language models, and unified data architecture create an impressive technological moat that competitors will find challenging to replicate. This integration promises enhanced cost efficiency, accelerating product innovation, and reducing the time to market for new AI features from a quarterly basis to mere weeks, thereby saving over $8 million in annual external development costs.

About MonTech

Previously known as Meight, the company has an impressive track record, having executed over 20 significant AI projects across the financial services, aerospace, and corporate technology sectors throughout EMEA and APAC. Their accomplishments include the establishment and scaling of over seven AI-driven startups, including FAIRTILE, an agent-based AI decision-making platform. Additionally, they have successfully implemented more than 15 enterprise-wide AI transformations for large financial institutions, reflecting their robust capabilities in this domain.

With a growing team of over 40 AI experts, which includes full-stack developers, data scientists, and distributed ledger specialists, MonTech has developed four core competency areas: innovation consulting, product development, product operations, and corporate development.

Cristiano Motto: A Visionary Leader

Cristiano Motto, armed with over two decades of experience in banking innovation, entrepreneurship, and deep-tech leadership, is poised to steer the AI future of Mondevo. His previous roles include leading innovation strategy at Barclays, founding multiple fintech ventures, and being recognized among the top 30 fintech influencers in Italy for his contributions to AI and financial services transformation. “Joining Mondevo Group as the Head of AI and Technology embodies the culmination of everything I have built throughout my career, merging institutional expertise in financial services with cutting-edge AI development and entrepreneurial execution,” he stated.

Motto underlines the ambition of Mondevo’s vision: to create the first truly AI-native ecosystem for family wealth management. He believes this goal is not just ambitious but is the inevitable future of the industry, and he feels honored to lead the technological strategy that will bring this vision to life across Mondevo’s three pillars.

Overview of Mondevo Group

The Mondevo Group operates as an AI-native wealth and innovation ecosystem, catering to global family offices. It is structured around three distinct pillars: Mondevo Wealth, Mondevo Ventures, and MondeVita, all supported by MonTech, the in-house technology team based in Singapore. This strategic framework is integral to reinforcing Mondevo's position in the competitive fintech landscape, setting the stage for continuous innovation and growth.