Axyon AI Delivers First Ever use of Market Anomaly Detection in Digital Asset Space
- Artificial Intelligence , Trading Systems , Asset Management
- 26.07.2021 12:00 pm
Axyon AI partners with DeFi FX exchange DeFinity to develop Deep Learning AI market anomaly detection
Axyon AI, the leading AI solutions provider for asset management and trading, today announces its partnership with DeFinity, a DeFi marketplace for fiat foreign exchange, tokenised currencies and central bank digital currencies (CBDC) to deliver the first ever use of Deep Learning-powered AI to detect market anomalies in the digital asset space.
Axyon’s AI-powered market anomaly detection is a leading-edge technology that generates automated alerts on irregular patterns in asset prices. These may be the result of undisclosed new information, ripple effects from correlated assets, or structural breaks in an asset’s behaviour versus the broader market. Axyon AI’s technology can promptly discover these hidden market data aberrations, which would be otherwise undetectable, and provide an early warning on potential volatility events.
This technology comes at a time when detecting the sign of an upcoming unpredictable event is more important than ever. Detecting market anomalies can help the digital asset space to anticipate and prepare for future events that could impact the industry, just like COVID-19.
Axyon AI is a leading European FinTech company with expertise in Deep Learning/AI for asset management and trading firms. Axyon AI has successful products in several financial use-cases, from security selection and asset allocation to anomaly detection in option pricing.
Daniele Grassi, Chief Executive Officer of Axyon AI, says “Digital assets will inevitably reconfigure the financial sector, and DeFinity is at the forefront of this evolution. We believe that our AI-powered solutions, which are already used by leading players in the traditional asset management sector, will provide DeFinity’s community a valuable help in identifying market anomaly and related risks in the digital assets space. It is a fruitful combination of two terrific technologies, AI and blockchain in the digital asset space.”
DeFinity is a layer-2 protocol and decentralised exchange solution that utilises existing blockchain frameworks, including WeOwn, Ethereum, Binance Smart Chain, Polkadot and Cardano. With a focus on interoperability, the ambition is to create a more inclusive decentralised ecosystem that helps to bridge traditional assets with digital assets.
Manu Choudhary, Chief Executive Officer of DeFinity, says: "Artificial Intelligence is the apex technology of the information age and we are incredibly fortunate to have partnered with Axyon AI, a true innovator in the field.”