Introducing ITTIKAR: The First AI-Native Merchant Bank for Wealth Management

Introduction to ITTIKAR

Mondevo Group has officially announced the upcoming launch of ITTIKAR, which marks a groundbreaking moment in the world of finance as it will be the first merchant bank native to artificial intelligence, aimed specifically at wealth management offices. Scheduled for launch in Q1 2026 and headquartered in Abu Dhabi's Global Market (ADGM), ITTIKAR promises to reshape how wealth management firms access private market opportunities worth an astonishing $6 trillion.

Revolutionary Approach to Wealth Management

What sets ITTIKAR apart from traditional platforms is its core architectural philosophy. While current AI solutions in financial services typically rely on product-centered algorithms for matching products with clients en masse, ITTIKAR turns this model on its head. It will provide each wealth management office with a dedicated AI agent tailored to their specific investment goals, risk parameters, and unique strategic ambitions.

Hussam Otaibi, the founder of Mondevo Group, expressed: "ITTIKAR is the inaugural project of Mondevo Ventures, our strategic initiative aimed at developing AI-native enterprises in sectors where we possess extensive expertise. With ITTIKAR, we aim to set a new standard for how wealth management offices explore investment opportunities and fulfill their due diligence responsibilities while introducing new asset classes and digital asset structures."

Addressing Longstanding Challenges

In a statement, Fabio Brambilla, CEO of ITTIKAR, highlighted the intensity of the development process, which spanned 12 months. He stated, "ITTIKAR represents a solution to a problem that has plagued wealth management offices for decades: accessing private markets without being treated like distribution channels for pre-structured products. Our segment-focused AI architecture means that each office has an AI agent that works specifically for its interests, learning its preferences and understanding its constraints."

Building a Global Network

ITTIKAR leverages over 100 established relationships with wealth management offices across Europe, the Middle East, Asia, and Latin America. These long-term connections, cultivated over more than 20 years by the founders of Mondevo, create powerful network effects as more wealth management offices join the platform. This growth enhances business flows, increases liquidity, and attracts new offices, crafting an ecosystem that competitors may struggle to replicate.

Cristiano Motto, the Head of AI and Technology at Mondevo Group, adds, "Since we designed ITTIKAR from the ground up as a platform native to AI, as opposed to retrofitting an existing merchant banking infrastructure with AI capabilities, we have capabilities that are architecturally impossible for competitors to recreate. Each AI agent continuously learns and improves over time, compounding the advantages we hold. By mid-2026, ITTIKAR will stand as the most advanced AI-based merchant banking platform, equipped to meet the needs of wealth management offices on a global scale."

Conclusion

Mondevo Group is not only pioneering a new class of financial services but is also laying the groundwork for a future where wealth management conclusions are backed by tailored, intelligent insights rather than generic product pitches. ITTIKAR represents a paradigm shift in how wealth management professionals engage with the market, setting a promising trend that may redefine the industry landscape for years to come.

For more information, visit Mondevo Group.