Bitpanda, an Austrian fintech unicorn is all geared up to revolutionize wealth creation by investing $10 million in financial AI by the name of Bitpanda.ai. Bitpanda is focused on creating a simpler investment platform for the masses by creating AI tools for investments. This investment will lead to the establishment of the first AI division in the company which was founded in 2014.
Full Conversational AI App
The company plans to create a wide range of AI applications, but the first one is set to be a full conversational app that will work as a virtual wealth manager. The company said that artificial intelligence can bring revolution in the field of investing. Hence, it will be beneficial to people in the areas of wealth management and it will also ease their journey towards achieving financial freedom.
Eric Demuth, Bitpanda’s CEO said that previously, only the rich had the privilege of investing but due to the coming up of blockchain technology, companies like Bitpanda made it accessible to everyone. He also added that the application is accessible 24/7 right under your fingertips.
The new AI platform will enable various features like automated strategies for portfolio creation, personally tailored investment strategies and analysis of markets based in real-time. The fintech company says that their products will be made for everyone’s needs including professional traders as well as novice ones.
Bitpanda is considered one of the most successful fintech companies in Europe having a user base of around 4 million and 700 employees. Their new plan will definitely nod the heads of many crypto and digital assets enthusiasts.