Sparkasse Bank Malta plc, a dominant player in the custody & depositary services industry in Malta, has selected Innova, the AI platform created by the French FinTech Fortia Financial Solutions, to enhance and support its depositary duties. The platform will handle and fully automate the asset reconciliation, investment restriction checks and customer reporting requirements of the Bank’s Custody operations business.

Developed in Fortia’s Paris research lab, Innova delivers automation for complex operational processes, particularly in investment fund compliance and data processing. The platform packs in powerful AI algorithms, which have been the subject of numerous patent filings.