This project focuses on the integration of Artificial Intelligence (AI) across various components of Next Gate Tech’s technology. The Luxembourg Government has awarded a grant of €2.48 million, which is part of a larger €5.5 million research initiative, demonstrating its commitment to advancing cutting-edge financial technologies and practices in Luxembourg.

This strategic investment will fund a series of ambitious projects aimed at enhancing Next Gate Tech's proprietary intelligence capabilities. The applications will be integrated across the entire solution, condensed into two main categories:

1. Data Management: Strengthening the implementation of AI models to streamline data harmonization—encompassing classification models, unstructured data handling, and similarity detection—and improving analytics computation, including forecasting, anomaly detection, and clustering.
2. Workflow: Enhancing interaction with Next Gate Tech’s application. Improving the user journey is a key focus, facilitated by diagnostic, prescriptive real-time, and self-service capabilities within the Next Gate Tech Intelligence layer.

These projects are designed to manage both structured and unstructured data, thereby broadening the scope of Next Gate Tech’s capabilities in data management. Key efforts will be directed toward developing AI models to classify financial entities and predict behaviors based on available data, enhancing similarity search capabilities for precise matching and retrieval of financial entity data, and implementing advanced data preprocessing, harmonization, and enrichment techniques to ensure high-quality inputs for AI processing.

Nicolas Roland, CPO of Next Gate Tech elaborated on the impact of AI integration: "The introduction of AI into our platforms is more than just a technical upgrade—it’s about revolutionizing the way data is processed and applied, enabling us to create more predictive and prescriptive financial tools. These advancements will significantly enhance our clients' operational efficiency and decision-making capabilities." Semin Ibisevic, Co-Founder & CTO of Next Gate Tech added: "We are grateful that the Luxembourg government continues to support Next Gate Tech's efforts to innovate processes through the latest technologies in one of the country’s most vital industries: investment funds."

Next Gate Tech would also like to extend its heartfelt thanks to Luxinnovation, whose guidance and support were instrumental in navigating the application process for this grant. "Their expertise and dedication greatly facilitated our successful bid, and we are grateful for their ongoing commitment to fostering innovation and technological advancement in Luxembourg." as Semin Ibisevic added.

"It's a great pleasure to see Next Gate Tech thriving and continuing its successful development from Luxembourg! The company has effectively leveraged Luxembourg’s R&D and innovation support, as well as the Young Innovative Enterprise scheme, in the past. We are delighted to witness its ongoing commitment to advancing product development through the integration of Artificial Intelligence in its latest RDI project." Said Sven Baltes, Manager of Start-up Relations of Luxinnovation.

Next Gate Tech will commence these projects this year, with the initial phases set to roll out in the coming months. These initiatives, which include significant enhancements to Next Gate Tech’s capabilities, are expected to set new industry standards in the automation of investment fund operations, further solidifying both Next Gate Tech and Luxembourg as leaders in the future of the investment funds industry.

For further details on Next Gate Tech’s innovative solutions, visit

 

About Next Gate Tech: At Next Gate Tech, we create technologies that reshape the landscape of fund industry operations. Our transformative solutions optimize processes, enhance efficiency, reduce risks and drive cost savings for our clients. Driven by our commitment to innovation, our intelligence layer extracts invaluable insights, employs advanced pattern analysis, and uncovers hidden links within the data. Our SaaS platform seamlessly ingests diverse datasets, creating a harmonized and enriched source of portfolio data. This robust foundation fuels the platform to generate powerful signals through intelligent analytics, empowering use cases like NAV Oversight, Risk Oversight, Portfolio Manager Oversight, and ESG Analysis.

About Luxinnovation: As the national innovation agency, we empower companies to innovate today to be ready for tomorrow. We contribute to the development of the economy as a whole by identifying innovation opportunities and fostering collaborative innovation projects that stimulate the development of a sustainable, competitive and digital economy. Set up as an Economic Interest Group, Luxinnovation is supported by the Ministry of the Economy, the Ministry for Research and Higher Education, the Luxembourg Chamber of Commerce, the Luxembourg Chamber of Skilled Crafts and FEDIL – The Voice of Luxembourg’s Industry. www.luxinnovation.lu