Personalised investment firm Stratiphy has been awarded a £1m grant from Innovate UK to pursue developments into responsible AI solutions.
The additional funding enables Stratiphy to enhance adoption rates of trustworthy AI practices across the UK financial sector, as well as enhance its personal investment management solution.
Daniel Gold, CEO and Founder of Stratiphy, commented: “We are thrilled to lead this consortium to deliver innovative AI technologies that offer high-value financial solutions.
“We have been joined by companies that are not only business leaders in their respective fields of wealth planning, pensions and structured credit, but also want to be at the cutting edge of innovation. By combining this commercial acumen with the deep expertise of our academic partners we aim to achieve important breakthroughs.”
The grant was provided by Innovate UK, part of UK Research and Innovation (UKRI). The non-departmental public body plans to invest up to £21m in innovation projects over the next decade.
The consortium was chosen for its “dedication to promoting the adoption of trustworthy AI technologies” within financial analytics. This commitment also includes efforts to eliminate bottlenecks in development and deployment, which aligns with Innovate UK and UKRI.
The consortium has a plethora of academic and commercial partners, including the University of Bristol and Birmingham, Chenavari Investment Managers, Smart Pension and Aventur Wealth.
By harnessing the power of both academic and commercial partners, the consortium aims to develop truly novel solutions for the market, which address important commercial challenges currently affecting the investment management space.
This news comes on the heels of Stratiphy’s Financial Conduct Authority clearance announcement, which occurred earlier this month. The authorisation allows the company to offer retail investors automated investment strategies, which are customised to their individual needs and goals.
