← GO BACK
The increasing integration of artificial intelligence (AI) into financial processes is revolutionizing banking, but the requirements are particularly high in the sensitive area of private banking. While general language models such as ChatGPT or comparable AI systems deliver impressive results in word processing, they often reach their limits in financial analyses. Hallucinations, i.e. fabricated or distorted facts, jeopardize reliability, an unacceptable risk when advising wealthy private clients.
Tradegate AG is now responding with a targeted technological leap: For its private banking brand Berliner Effektenbank, it is now cooperating with AI infrastructure & data provider Bavest. The aim of the collaboration is to firmly anchor AI-based analyses in the research process, with a focus on transparency, data quality and audit security.
“For us, the integration of AI is not an end in itself, but the logical development of our traditional asset management,” explains Andreas Schmidt, head of Berliner Effektenbank. “The combination of decades of stock market experience and Bavest's analytical skills enables us to identify market developments more quickly, to assess risks in a more targeted manner and thus to act even more proactively in the interests of our clients. AI provides us with a wealth of relevant data, but in the end, it is the investment committee that interprets it and makes responsible decisions for the client. ”
Frankfurt-based FinTech Bavest specializes in developing a complete infrastructure for fintechs, banks and asset managers: from financial data to AI-based research tools. In contrast to general-purpose models, Bavest's platform is based on deterministic AI models for the capital market, with access to its own real-time financial figures, historical price developments and alternative data such as ESG or sentiment data. AI does not serve as an opinion machine, but as an intelligent analysis tool that recognizes trends, enables peer comparisons and quantifies risks.
“The partnership with Tradegate AG shows that the market is moving towards professional, explainable AI,” says Ramtin Babaei, CEO of Bavest. “Our technology allows the research team at Berliner Effektenbank to make data-based decisions that are also comprehensible. ”
For Tradegate AG, the integration of Bavest technology is much more than a technical upgrade: it marks a strategic step to specifically strengthen the group's position in private banking. In particular, Berliner Effektenbank, as the exclusive private banking service provider within the Group, is thus able to raise research and client advice to a new, AI-supported level.
Tradegate AG is thus clearly positioning itself as a pioneer in the intelligent use of AI in the financial sector and underlines its claim to establish Berliner Effektenbank as a key player in data-driven private banking. The combination of sound advice, cutting-edge technology and regulatory reliability is thus becoming the trademark of the entire group.
_________________________________________________________________
Tradegate AG is a CRR credit institution based in Berlin. Her main area of business is working as a market specialist for over fourteen thousand types of securities (stocks, ETPs and derivatives) on the Tradegate Exchange, which specializes in the needs of private investors, and on other stock exchanges in Europe. With the tradegate.direct app, Tradegate AG enables private investors to trade directly, free of charge on the Tradegate Exchange. It also issues structured products and operates exclusive private banking under the Berliner Effektenbank brand.
Bavest is a fast-growing fintech company based in Frankfurt am Main, Germany. From the USA to Germany to South Korea, leading fintechs, banks and asset managers — including major brands such as eToro — rely on Bavest's infrastructure to operate their businesses globally. Bavest provides an end-to-end AI infrastructure with financial data, alternative data, and AI-based analytics of assets and portfolios.
Ramtin Babaei
Email: press@bavest.co