Crowd2Fund announced on Monday the launch of its new intelligent investment feature known as Smart-Invest, which will reportedly allow investors to automate their crowdlending investments.
The UK peer-to-peer lending platform stated:
“The Smart-Invest feature is the culmination of research into Artificial Intelligence and consultation with leading academics and industry leaders in the field to make sure we offer our investors the most valuable benefits from this new feature on the platform. After speaking with Murray Shanahan – Professor of Cognitive Robotics at Imperial – and technology leaders from IBM and Microsoft, we’ve gained valuable insight about the positive benefits AI brings to industries and everyday life.”
Daniel Pitchford, Director of AI Business, commented;
“AI is the future of compliance and finance, it is needed to ensure that customer service and product offerings are improved for the next generation of finance.”
Chris Hancock, CEO and founder of Crowd2Fund added:
“This is the start of a very exciting journey into AI with more technology led developments for Crowd2Fund in the coming months. Smart- Invest is aimed at retail investors looking to maximise their return on investment and their financial goals. Our intelligent automated feature means that investors can get on with their day-to-day lives whilst the platform manages their portfolio and returns for them. The combination of Smart-Invest and the IF ISA government scheme continues to demonstrate our commitment in helping our investors grow their savings whilst supporting great British businesses.”
Earlier this spring, Crowd2Fund was approved for IF ISA and promoted higher interest rates for investors. Hancock at the time revealed details about the benefits for UK savers and the tax-free benefits of the IF ISA:
“The introduction of the IF ISA is a huge step forward for savers and investors. The UK is the only market globally who has implemented a specific government savings scheme for innovation. London is clearly leading the global upgrade of financial services and alternative methods of finance, like peer-to-peer lending, are helping to bring the sector – and the UK economy more broadly – up to date with the needs of people today.”