Italian digital banking firm Fineco announced Wednesday it will implement artificial intelligence technology to expand its customer base and reduce operational expenses through 2029. The company aims to significantly accelerate its rate of attracting new money and clients compared to previous years.
MILAN – An Italian digital banking and investment management company announced Wednesday its plans to implement artificial intelligence technology as part of a comprehensive strategy running through 2029, designed to attract more customers and reduce operational expenses while accelerating the rate at which it brings in new investments.
Fineco outlined goals for achieving average yearly growth in the low double digits for both new money coming in and customer acquisition from 2025 through 2029. This represents a significant jump from the 6% growth rate the company experienced during the 2021-2025 timeframe.
The company noted that these projections do not account for potential additional benefits from plans to extend its investment brokerage operations beyond Italy’s borders. Fineco intends to launch a continent-wide European investment platform by the beginning of 2027.
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