#Abu Dhabi #United Arab Emirates #AI-Native Banking #Mondevo Group #ITTIKAR

Mondevo Group Introduces ITTIKAR: A New Era in Merchant Banking

Mondevo Group has announced the upcoming launch of ITTIKAR, a groundbreaking AI-native merchant bank tailored specifically for family offices. Set to officially launch in the first quarter of 2026, ITTIKAR will be headquartered in the Abu Dhabi Global Market (ADGM). This innovative platform aims to transform how family offices engage with private markets, thereby redefining capital deployment within a space valued at approximately $6 trillion.

Transformative AI Core

The distinguishing feature of ITTIKAR lies in its unique architectural foundation. Unlike traditional financial services that utilize product-focused algorithms to meet customer needs, ITTIKAR relies on dedicated AI agents—one for each family office. This strategic pivot creates a more service-oriented model that prioritizes the individual investment goals, risk appetite, and overall strategies of each family office.

Hussam Otaibi, the Founder of Mondevo Group, expressed his vision for the platform, stating, "ITTIKAR is the first initiative under our Mondevo Ventures, designed to cultivate AI-native businesses across diverse sectors. We aim to establish a new standard for family offices, enhancing their access to and evaluation of investment avenues while introducing them to novel asset categories empowered by digital assets and tokenization."

AI That Adapts

According to Fabio Brambilla, CEO of ITTIKAR, the project is the culmination of a year of painstaking development aimed at resolving longstanding challenges faced by family offices in their quest for private market access. He illustrated how the segment-driven AI architecture assigns a dedicated agent to each family office, which learns their specific preferences, operational constraints, and identifies opportunities that truly align with each family’s mandates. "This is what service-oriented AI looks like—stripping away the sales-driven approach that has pervaded the industry," Brambilla asserted.

Network-Driven Advantages

Launching with a robust foundation of over 100 established relationships with family offices spanning Europe, the Middle East, Asia, and Latin America, ITTIKAR benefits from two decades of networking that its founders have cultivated. This expansive relationship network is poised to create considerable ecosystem benefits, wherein increased participation leads to higher deal flow and liquidity, attracting new family offices to the platform—an advantage that competitors will find hard to replicate.

Cristiano Motto, who heads AI technology for Mondevo Group, emphasized the value of ITTIKAR’s architecture built from the ground up as an AI-native platform as opposed to the traditional legacy systems. Each AI agent’s ability to learn and evolve continuously creates a growing competitive edge that will solidify ITTIKAR’s position as the most sophisticated AI merchant banking platform for family offices around the globe by mid-2026.

About Mondevo Group

Mondevo Group operates as a seamless ecosystem focused on wealth and innovation that serves global family offices. It comprises three principal divisions—Mondevo Wealth, Mondevo Ventures, and MondeVita—all backed by MonTech, the in-house technology arm based in Singapore. As ITTIKAR launches, the group aims not only to lead in financial services but to systematically redefine how family offices approach investments in a digital-first world.

For more information, visit Mondevo Group.