HSBC Asset Management invests in AI fintech firm Model ML

Model ML has secured funding from HSBC Asset Management to expand its agentic operating system designed for financial services. The investment was executed through the bank’s flagship venture capital strategy, which operates as part of an $81bn alternatives platform. Specific terms regarding the transaction were not disclosed.

Established in 2023, Model ML creates vertical artificial intelligence software intended to automate intricate workflows covering financial research, investment due diligence, modelling and client document generation. The group’s technology utilises a model-agnostic orchestration engine that routes specific tasks to appropriate underlying AI models while maintaining enterprise governance, data privacy and auditability.

Chaz Englander, co-founder and chief executive of Model ML, expressed delight at welcoming HSBC Asset Management as an investor. He noted that the backing signals growing confidence in vertical artificial intelligence for financial services. Englander emphasised that rather than relying on a single model, the industry differentiator is increasingly software capable of orchestrating multiple models across complex workflows.

Patrick Sixsmith, head of venture capital at HSBC Asset Management, stated that artificial intelligence and next-generation software are driving innovation across the economy. He added that this investment through their flagship VC strategy reflects their focus on supporting companies operating at the forefront of these themes.