Mondevo Group Launches ITTIKAR: A Revolutionary AI-Native Merchant Bank for Family Offices

Introduction to ITTIKAR

Mondevo Group has recently unveiled ITTIKAR, a groundbreaking financial institution designed specifically for family offices. Set to launch in the first quarter of 2026, this innovative merchant bank is headquartered at the Abu Dhabi Global Market (ADGM). With a focus on providing an AI-driven platform for investment management, ITTIKAR aims to redefine how family offices interact with the $6 trillion private equity market.

The Evolution of Financial Services

For the past several years, family offices have encountered significant challenges in accessing private markets. Traditionally, financial institutions have utilized a product-centric model, which primarily views customers as channels for distributing pre-packaged investment products. ITTIKAR flips this model on its head by employing a dedicated AI agent for each family office. This approach allows the AI to learn from the unique investment preferences and constraints of individual families, thus creating a more personalized investment experience.

Hussam Otaibi, the Founder of Mondevo Group, emphasized this aspect by stating, "With ITTIKAR, we hope to set a new standard for family offices and their investment teams on how to access and evaluate investment opportunities."

The Architecture of ITTIKAR

At the heart of ITTIKAR’s innovative model is its segment-driven AI architecture. Unlike many fintech solutions that retrofit AI to existing business models, ITTIKAR was developed from scratch with AI as its central focus. Each AI agent is tailored to understand its family's distinct goals, risk appetite, and investment strategies, ultimately enhancing the quality of service provided.

Fabio Brambilla, the CEO of ITTIKAR, noted, "Our service-oriented AI architecture means that each family office receives bespoke service, with AI agents that genuinely understand their needs, rather than merely pushing available products."

Building Trust Through Network Connections

ITTIKAR's development is underpinned by more than 100 established relationships with family offices across various regions, including Europe, the Middle East, Asia, and Latin America. These connections, forged over two decades, allow ITTIKAR to offer an expansive network that enhances deal flow, liquidity, and the potential for new families to join the platform.

Cristiano Motto, the Head of AI Technology for Mondevo Group, highlighted the advantage of building ITTIKAR on a unique foundation. He stated, "By developing an AI-native platform from the ground up, we create capabilities that are unmatched in the industry. Each agent continuously learns and refines its abilities, widening the advantages we offer to our clients over time."

A New Era for Family Offices

ITTIKAR’s full launch is set for Q1 2026, which many predict will mark a groundbreaking shift in how family offices manage their investments. As part of Mondevo Ventures, ITTIKAR represents a significant investment in the future of AI-driven financial services, one where personalized assistance and strategic insights will set a new precedent in the industry.

Conclusion

As ITTIKAR prepares for its official debut next year, the financial landscape for family offices is poised for transformation. With a focus on tailoring services to meet individual needs and leveraging AI to enhance decision-making processes, ITTIKAR is not just another financial institution; it symbolizes the future of investment banking for family offices around the globe.