Milan and New York - September 9th, 2025: Today, Domyn announced the launch of its Global Financial Services Division, a sovereign AI research unit designed to transform how financial institutions adopt AI across critical businesses.
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A New Vision for Financial AI

As AI adoption accelerates, financial institutions face a structural barrier: hyperscaler solutions built on massive, multi-tenant Large Language Models (LLMs). Often trained on uncontrolled data sources and operating as opaque black boxes, while powerful for consumer and enterprise productivity use cases, they cannot provide the control, transparency, or governance required for mission-critical financial workflows involving transactions, proprietary strategies, and sensitive client data.

Domyn takes a different approach: its sovereign AI architecture provides financial Institutions with agentic platforms and dedicated models deployed in fully segregated environments. This provides banks, asset managers, and insurers with complete ownership of their data, models, and intellectual property, while allowing them to unlock the full value of their legacy knowledge, historical data, and internal models.

Domyn has already invested in proprietary models and is building Europe’s largest supercomputer, enabling the advancement of LLMs, forecasting models, and knowledge search tools.
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Building the full financial AI stack

While LLMs remain important, in financial services they are only one part of the puzzle. Domyn’s approach integrates: proprietary knowledge graphs for safe reasoning across structured and unstructured data; data virtualization to connect legacy and modern pipelines without costly migrations; traditional AI and machine learning models that remain indispensable for forecasting, pricing, and risk management; and governance frameworks that deliver transparency, auditability, and regulatory compliance.

“Financial AI must be more than just Large Language Models,” said Stefano Pasquali, Senior Vice President of Financial Services Solutions at Domyn. “The new paradigm combines LLMs with knowledge graphs, AI-empowered financial models, and governance within institution-controlled environments. That’s the future we are building – AI that financial institutions can own, trust, and scale on their terms.” 
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Leadership with deep financial services expertise

The new division is led by Stefano Pasquali, former BlackRock Managing Director and recognized leader in quantitative finance and applied AI. For over two decades, he has built and led research and data science teams at some of the world’s largest financial institutions, delivering mission-critical analytics and AI solutions for asset managers, bankers, insurers, and risk officers.

At BlackRock, Pasquali founded and led the Investment AI Team, a core component of the firm’s enterprise-wide AI strategy. His group focused on explainable AI, next-generation investment insights, and scalable analytics for trading, portfolio construction, and risk management. He also headed Liquidity and Trading Research, designing advanced tools used across BlackRock’s funds, ETFs, and the Aladdin platform. Previously, Pasquali served as Global Head of Liquidity Research at Bloomberg and has also taught at Rutgers and Columbia University.

He is joined by a broader team with nearly 200 years of combined financial services expertise, spanning BlackRock, Bloomberg, Vanguard, Morgan Stanley, Fidelity, Prudential, and the Reserve Bank of India. Collectively, they have produced dozens of AI publications, filed multiple patents, and won international competitions and hackathons. With hubs in New York, Milan, Madrid, India, and London, the division is positioned at the intersection of global finance and cutting-edge AI research.

“When major institutions process trillions in daily transactions, they need AI that never leaves their infrastructure. Domyn stands alone in pioneering sovereign AI research designed to meet these mission-critical demands,” said Uljan Sharka, CEO of Domyn.

In the months ahead, Domyn will publish several research papers and release open-source models and benchmarks, fostering innovation and accelerating the global shift toward sovereign AI in financial services.
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Collaborative programs with global institutions

Domyn is already working with leading asset managers and banks worldwide, building on relationships with European clients that include Intesa Sanpaolo and Allianz. Strategic partnerships with NVIDIA, Microsoft, and Cisco ensure clients can deploy sovereign AI with confidence—protecting intellectual property, securing data, and enabling end-to-end governance.