Inatigo, an innovation and technology company in the United Kingdom has unveiled Finley AI, the first generative Artificial Intelligence (AI) personal financial coach.
The revolutionary solution aims to democratise financial knowledge and change the way individuals understand their personal finances, according to a statement.
“This launch marks a new era and a step towards providing accessible and affordable financial education while empowering individuals, companies, and financial firms to take control of their financial futures and to increase their overall Asset Under Management.
“This innovative solution combines a conversational chat interface, years of financial data, and generative AI models such as GPT-3 and soon to be GPT-4 to create a powerful personalised learning experience,” it said.
It said the importance of financial literacy has never been more critical, with studies from the S & P Global Financial Literacy Survey indicating that a staggering 67 percent of adults worldwide are unable to pass a basic financial literacy test.
“The ongoing pandemic has also created significant financial challenges, including layoffs and an economic recession, exacerbating the need for financial education and wellness.”
The generative AI personal financial coach is a revolutionary solution that addresses the critical need for financial education and wellness, Elemi Atigolo, co-founder at Inatigo said.
“We are proud to have already helped thousands of US & UK citizens, and we are honoured to have been a part of the UK Financial Conduct Authority Advice Unit. My co-founder Ashlea Atigolo and I are excited to launch this solution and hopefully improve the lives of many,” he said.
According to Atigolo, the solution is not just limited to individuals, as it has the power to scale and empower any company or financial firm, with access to provide financial education and wellness at scale, to attract, engage and retain clients.
“This comes as a vital move especially for financial firms to keep up with the latest technology and tap into the next generational wealth.”
He added that by tapping into years of financial data gleaned from Finley Ai’s beta voice-powered version released in 2019 via Google combined with the power of GPT-3, the solution delivers personalised and accessible financial guidance, enabling users to make informed financial decisions.
The company said currently, it has released the beta Finley AI Chat version to help gain research to improve the output of the AI personal financial assistant. “It is currently free for all individuals to try irrespective of their profession or current financial situation.”