F inancial services continues its headwind toward AI as the investment in Model ML demonstrates. The funding is aimed at enabling growth of Model ML, supporting its current services which include automation of complex workflows, due diligence, financial analysis and clientready document creation. Financial Technology Partners and QED Investors committed capital to the project. The company is advised by multiple former bank CEOs, including ex-HSBC CEO Sir Noel Quinn, ex-UBS Chairman Axel Weber, ex-Western Union CEO Hikmet Ersek and ex-CEO of Julius Baer Philipp Rickenbacher. More advisors covering a range of financial expertise include Former Tech Investment Banking Chairman at Barclays Keith Robinson, Former Chairman, Capital Markets at Morgan Stanley Saul Nathan, Former CEO and President of CPP Investments Mark Machin and Former Global Co-Head of Investment Banking at UBS and Nomura Jeff McDermott. Speaking to Finance Chief exclusively, Chaz Englander, CEO and Co-Founder of Model ML, says:“ Financial services is moving quickly from experimenting with AI to embedding it into the workflows that underpin how institutions actually operate.