Tokyo-based asset manager Nikko Global Wrap has agreed to expand its collaboration with Fintica AI after initial successful results of a project with the fintech firm. The Japanese company used Fintica’s proprietary artificial intelligence engines to support its asset allocation and investment decisions on US equity, and now plans to use the same technology for Japanese equity.

The initial trials involved the use of Fintica’s AI technology to analyze, understand and categorize market regimes.

The collaboration comes at a time of severe market volatility and turbulence, with companies around the world seeking to greatly improve their ability to achieve a deeper understanding of changing market structures and conditions, and implement a pro-active and effective investment strategy.

Fintica, a spin-off of Israel’s leading AI company Cortica, uses advanced self-learning methodologies and data analysis to enable asset managers and other financial institutions to understand vast amounts of data for efficient and well-informed decision making.

Nikko Global Wrap, part of Sumitomo Mitsui Financial Group, has over 2.5 trillion yen (US$24 billion) of assets under management.