MILAN, March 4 (Reuters) – Italian digital bank and money manager Fineco said on Wednesday it would use artificial intelligence to expand its client base and cut costs under a strategy through 2029, aiming to sharply grow the pace at which it gathers new money. Fineco said it targeted an average low double-digit yearly increase […]
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Italy’s Fineco says will use AI to boost new client growth under plan to 2029
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MILAN, March 4 (Reuters) – Italian digital bank and money manager Fineco said on Wednesday it would use artificial intelligence to expand its client base and cut costs under a strategy through 2029, aiming to sharply grow the pace at which it gathers new money.
Fineco said it targeted an average low double-digit yearly increase in net inflows and new clients between 2025 and 2029, compared with a 6% rise in the 2021-2025 period.
The target does not include any potential benefits from plans to expand its brokerage services outside Italy by early 2027 through the launch of a pan-European investment platform, Fineco said.
(Reporting by Valentina Za, editing by Gavin Jones)