FinTech FE fundinfo has acquired Lunar AI, an AI platform company leveraging LLMs to enhance automation and data connectivity in the investment ecosystem.
The London-based firm, which connects the investment industry across the UK, Europe and Asia Pacific, has marked its fourth acquisition in 12 months with the purchase of Lunar AI.
Lunar AI is also based in the Capital and offers an AI platform that looks to enable asset managers to build custom AI-driven modules through a no-code interface, seamlessly integrating with multiple data sources.
FE fundinfo will welcome members of Lunar AI’s team, including its founders, who will bring deep expertise in AI content automation, research and application development and help further accelerate FE fundinfo’s AI strategy by establishing a best-in-class AI innovation hub.
Lunar AI’s modular platform will continue to evolve and be further developed within FE fundinfo’s ecosystem.
“The investment management industry is experiencing rapid transformation, with AI playing an increasingly crucial role in regulatory compliance, data integrity and operational efficiency,” said Liam Healy, CEO at FE fundinfo.
“By leveraging Lunar AI’s innovative technology as part of our Nexus platform, we are strengthening our AI capabilities to better serve investment professionals.
“This technology will help FE fundinfo deliver on its commitment to simplify regulatory complexities, reduce manual effort and improve the accuracy of compliance workflows for our clients.”
Andrew Flook, CEO at Lunar AI, added: “We are excited to join FE fundinfo and contribute to its vision of empowering the investment industry through technology. We have always believed in thoughtful automation and AI to meet the needs of asset managers.
“Becoming a part of FE fundinfo will allow Lunar AI to further maximise the value of data for the investment community at a time when AI is increasingly being leveraged to gain a competitive advantage.
“We look forward to working closely with FE fundinfo’s team on this exciting journey.”