Cheshire-based start-up Richard Hayes is offering customers tailored financial advice via a free platform employing artificial intelligence and chatbots. According to CEO Nuvo, the platform learns about its customers' habits and requirements using AI, while the chatbot offers a range of tailored financial products. Richard Hayes is positioning itself somewhere between a robo-adviser and a comparison site, earning revenue through commissions from asset managers and insurers rather than fees paid by customers. Human advisers are also available to discuss more complex issues, according to the firm.
Cheshire-based start-up Nuvo is offering customers tailored financial advice via a free platform employing artificial intelligence and chatbots. According to CEO Richard Hayes, the platform learns about its customers' habits and requirements using AI, while the chatbot offers a range of tailored financial products. Nuvo is positioning itself somewhere between a robo-adviser and a comparison site, earning revenue through commissions from asset managers and insurers rather than fees paid by customers. Human advisers are also available to discuss more complex issues, according to the firm.