Verona, March 2026 – Fairmat, the Italian reg-tech company specialized in regulatory compliance solutions for investment and insurance products, announces the acquisition of Pigro.ai, the AI-powered enterprise knowledge management platform. The transaction marks a pivotal step in Fairmat’s strategic evolution into an AI-first company.
Founded in 2008 by Matteo Tesser and Matteo Carradori, Fairmat has established itself as Italy’s leading provider for PRIIPs KID and precontractual documentation generation services, delivering independent pricing and risk management tools to banks, insurance firms, financial advisors, and retail investors across Europe. With this acquisition, Fairmat’s co-founders are pursuing a clear vision: embedding artificial intelligence at the core of the company’s product suite to meet the rapidly evolving demands of financial regulation.
Pigro.ai, has developed proprietary AI technology capable of automatically importing, organizing, and retrieving information from vast corporate knowledge bases using natural language processing. Its platform enables organizations to extract precise answers from complex document repositories: a capability directly aligned with the transparency and disclosure requirements of the forthcoming EU Retail Investment Strategy (RIS).
The EU Retail Investment Strategy, agreed upon by the European Council and Parliament in December 2025, introduces sweeping reforms to investor protection, including enhanced Key Information Documents (KIDs), machine-readable disclosure formats, and stringent value-for-money assessments.
Pigro’s AI technology represents a central pillar of Fairmat’s strategy to help financial institutions navigate these new obligations efficiently and at scale. As part of the transaction, Pigro’s founder, Nicolò Magnanini, has joined Fairmat to lead a dedicated team focused on RIS readiness and on embedding the Pigro technology into Fairmat’s compliance and product workflows.
12 March 2026 Category: News
