TIFIN Expands Globally: Launches AI-Powered Wealth Management Platform in India
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On Thu, 18 Jul, 12:02 AM UTC
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[1]
TIFIN announces international expansion around its mission of using AI for wealth with the launch of TIFIN India and strategic investment from DSP Group
TIFIN India includes MyFI, an AI assistant to help individuals achieve better wealth outcomes, as well as TIFIN India Enterprise. Aditi Kothari Desai, vice-chair of the DSP group joins the TIFIN India Enterprise board. BOULDER, Colo. and NEW YORK, July 17, 2024 /PRNewswire/ -- TIFIN, a leading AI and innovation platform for wealth, makes its international debut with the launch of TIFIN India. The launch of TIFIN India represents an important milestone in TIFIN's vision to take its expertise in both direct-to-consumer (DTC) and business-to-business (B2B) AI for wealth applications to global markets. TIFIN announces international expansion around its mission of using AI for wealth with the launch of TIFIN India The Indian market is unique in its potential for impact. As it stands today, the penetration of wealth management in India is only 8% (compared to 72% in the U.S. and 44% in China). With a population of more than 1.4B individuals, TIFIN expects over 500M individuals to access wealth and asset management services in the next 7 years. TIFIN India will be organized into two main verticals, MyFi, an AI assistant to help individuals towards better wealth outcomes, and TIFIN India Enterprise, which will build AI native products for financial services firms. TIFIN India Enterprise was launched in partnership with the DSP family group, one of the oldest and most respected financial services firms in India. In addition to an investment from the DSP family group, Aditi Kothari Desai, vice chairperson of the DSP Mutual Fund company, will serve on the board of directors for TIFIN India Enterprise with TIFIN Founder & CEO Dr. Vinay Nair. "I am thrilled to announce our strategic partnership with TIFIN India Enterprise, marking a significant step towards bringing AI into the realm of Indian fintech," said Aditi Kothari Desai, vice chairperson of the DSP Mutual Fund company. "TIFIN's deep expertise in wealth AI, combined with DSP Group's unparalleled 160-year legacy in the Indian financial sector and strong digital capabilities in wealth tech, positions TIFIN India Enterprise as a formidable venture. Our vision is to establish ourselves as the premier choice for developing AI-driven wealth solutions, leveraging our unparalleled blend of technological prowess and comprehensive domain knowledge to ensure the success of every project and product. We look forward to offering these innovative solutions to financial intermediaries through our group company, CompoundExpress, to start with." Commenting on the launch, Vinay Nair, Founder, Chairman & CEO, TIFIN said, "Our vision is to leverage AI to help more people globally access better financial advice. We are combining our global expertise in verticalizing AI for wealth with local know-how. TIFIN India leverages learnings from TIFIN's portfolio to build products that are specifically tailored for Indian investors and financial enterprises." TIFIN India's strategy is well underway, as the firm announced India's first conversational AI assistant, MyFi, for long-term wealth creation. MyFi leverages investment intelligence to generate personalized investment guidance based on the user's investment portfolio for a segment that cannot be addressed only through human interaction given the sheer volume of investors. About TIFIN TIFIN is an AI platform for wealth. TIFIN creates and operates companies that apply data science, AI, and technology to address frictions in wealth and asset management. TIFIN's companies have included 55ip (sold to JP Morgan), Paralel and currently include Magnifi, TIFIN Wealth, TIFIN Give, TIFIN AG, TIFIN AMP, Sage, Helix, and TIFIN @Work. TIFIN has been backed by JP Morgan, Morningstar, Hamilton Lane, Franklin Templeton, and SEI among others. Media Contacts Michael Walsh michael@therudingroup.com AJ Boury aj@tifin.com The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for informational purposes only. SOURCE TIFIN Market News and Data brought to you by Benzinga APIs
[2]
TIFIN announces international expansion around its mission of using AI for wealth with the launch of TIFIN India and strategic investment from DSP Group
TIFIN India includes MyFI, an AI assistant to help individuals achieve better wealth outcomes, as well as TIFIN India Enterprise. Aditi Kothari Desai, vice-chair of the DSP group joins the TIFIN India Enterprise board. BOULDER, Colo. and NEW YORK, July 17, 2024 /CNW/ -- TIFIN, a leading AI and innovation platform for wealth, makes its international debut with the launch of TIFIN India. The launch of TIFIN India represents an important milestone in TIFIN's vision to take its expertise in both direct-to-consumer (DTC) and business-to-business (B2B) AI for wealth applications to global markets. TIFIN announces international expansion around its mission of using AI for wealth with the launch of TIFIN India The Indian market is unique in its potential for impact. As it stands today, the penetration of wealth management in India is only 8% (compared to 72% in the U.S. and 44% in China). With a population of more than 1.4B individuals, TIFIN expects over 500M individuals to access wealth and asset management services in the next 7 years. TIFIN India will be organized into two main verticals, MyFi, an AI assistant to help individuals towards better wealth outcomes, and TIFIN India Enterprise, which will build AI native products for financial services firms. TIFIN India Enterprise was launched in partnership with the DSP family group, one of the oldest and most respected financial services firms in India. In addition to an investment from the DSP family group, Aditi Kothari Desai, vice chairperson of the DSP Mutual Fund company, will serve on the board of directors for TIFIN India Enterprise with TIFIN Founder & CEO Dr. Vinay Nair. "I am thrilled to announce our strategic partnership with TIFIN India Enterprise, marking a significant step towards bringing AI into the realm of Indian fintech," said Aditi Kothari Desai, vice chairperson of the DSP Mutual Fund company. "TIFIN's deep expertise in wealth AI, combined with DSP Group's unparalleled 160-year legacy in the Indian financial sector and strong digital capabilities in wealth tech, positions TIFIN India Enterprise as a formidable venture. Our vision is to establish ourselves as the premier choice for developing AI-driven wealth solutions, leveraging our unparalleled blend of technological prowess and comprehensive domain knowledge to ensure the success of every project and product. We look forward to offering these innovative solutions to financial intermediaries through our group company, CompoundExpress, to start with." Commenting on the launch, Vinay Nair, Founder, Chairman & CEO, TIFIN said, "Our vision is to leverage AI to help more people globally access better financial advice. We are combining our global expertise in verticalizing AI for wealth with local know-how. TIFIN India leverages learnings from TIFIN's portfolio to build products that are specifically tailored for Indian investors and financial enterprises." TIFIN India's strategy is well underway, as the firm announced India's first conversational AI assistant, MyFi, for long-term wealth creation. MyFi leverages investment intelligence to generate personalized investment guidance based on the user's investment portfolio for a segment that cannot be addressed only through human interaction given the sheer volume of investors. About TIFIN TIFIN is an AI platform for wealth. TIFIN creates and operates companies that apply data science, AI, and technology to address frictions in wealth and asset management. TIFIN's companies have included 55ip (sold to JP Morgan), Paralel and currently include Magnifi, TIFIN Wealth, TIFIN Give, TIFIN AG, TIFIN AMP, Sage, Helix, and TIFIN @Work. TIFIN has been backed by JP Morgan, Morningstar, Hamilton Lane, Franklin Templeton, and SEI among others. Media Contacts Michael Walsh michael@therudingroup.com AJ Boury aj@tifin.com The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for informational purposes only. SOURCE TIFIN Market News and Data brought to you by Benzinga APIs
[3]
TIFIN announces international expansion around its mission of using AI for wealth with the launch of TIFIN India and strategic investment from DSP Group | Taiwan News | Jul. 17, 2024 20:30
TIFIN India includes MyFI, an AI assistant to help individuals achieve better wealth outcomes, as well as TIFIN India Enterprise. Aditi Kothari Desai, vice-chair of the DSP group joins the TIFIN India Enterprise board. BOULDER, Colo. and NEW YORK, July 17, 2024 /PRNewswire/ -- TIFIN, a leading AI and innovation platform for wealth, makes its international debut with the launch of TIFIN India. The launch of TIFIN India represents an important milestone in TIFIN's vision to take its expertise in both direct-to-consumer (DTC) and business-to-business (B2B) AI for wealth applications to global markets. The Indian market is unique in its potential for impact. As it stands today, the penetration of wealth management in India is only 8% (compared to 72% in the U.S. and 44% in China). With a population of more than 1.4B individuals, TIFIN expects over 500M individuals to access wealth and asset management services in the next 7 years. TIFIN India will be organized into two main verticals, MyFi, an AI assistant to help individuals towards better wealth outcomes, and TIFIN India Enterprise, which will build AI native products for financial services firms. TIFIN India Enterprise was launched in partnership with the DSP family group, one of the oldest and most respected financial services firms in India. In addition to an investment from the DSP family group, Aditi Kothari Desai, vice chairperson of the DSP Mutual Fund company, will serve on the board of directors for TIFIN India Enterprise with TIFIN Founder & CEO Dr. Vinay Nair. "I am thrilled to announce our strategic partnership with TIFIN India Enterprise, marking a significant step towards bringing AI into the realm of Indian fintech," said Aditi Kothari Desai, vice chairperson of the DSP Mutual Fund company. "TIFIN's deep expertise in wealth AI, combined with DSP Group's unparalleled 160-year legacy in the Indian financial sector and strong digital capabilities in wealth tech, positions TIFIN India Enterprise as a formidable venture. Our vision is to establish ourselves as the premier choice for developing AI-driven wealth solutions, leveraging our unparalleled blend of technological prowess and comprehensive domain knowledge to ensure the success of every project and product. We look forward to offering these innovative solutions to financial intermediaries through our group company, CompoundExpress, to start with." Commenting on the launch, Vinay Nair, Founder, Chairman & CEO, TIFIN said, "Our vision is to leverage AI to help more people globally access better financial advice. We are combining our global expertise in verticalizing AI for wealth with local know-how. TIFIN India leverages learnings from TIFIN's portfolio to build products that are specifically tailored for Indian investors and financial enterprises." TIFIN India's strategy is well underway, as the firm announced India's first conversational AI assistant, MyFi, for long-term wealth creation. MyFi leverages investment intelligence to generate personalized investment guidance based on the user's investment portfolio for a segment that cannot be addressed only through human interaction given the sheer volume of investors. About TIFIN TIFIN is an AI platform for wealth. TIFIN creates and operates companies that apply data science, AI, and technology to address frictions in wealth and asset management. TIFIN's companies have included 55ip (sold to JP Morgan), Paralel and currently include Magnifi, TIFIN Wealth, TIFIN Give, TIFIN AG, TIFIN AMP, Sage, Helix, and TIFIN @Work. TIFIN has been backed by JP Morgan, Morningstar, Hamilton Lane, Franklin Templeton, and SEI among others. Media Contacts Michael Walsh [email protected] AJ Boury [email protected] The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for informational purposes only.
[4]
Tifin launches in India
TIFIN, a leading AI and innovation platform for wealth, makes its international debut with the launch of TIFIN India. The launch of TIFIN India represents an important milestone in TIFIN's vision to take its expertise in both direct-to-consumer (DTC) and business-to-business (B2B) AI for wealth applications to global markets. The Indian market is unique in its potential for impact. As it stands today, the penetration of wealth management in India is only 8% (compared to 72% in the U.S. and 44% in China). With a population of more than 1.4 billion individuals, TIFIN expects over 500 million individuals to access wealth and asset management services in the next seven years. TIFIN India will be organized into two main verticals, MyFi, an AI assistant to help individuals towards better wealth outcomes, and TIFIN India Enterprise, which will build AI native products for financial services firms. TIFIN India Enterprise was launched in partnership with the DSP family group, one of the oldest and most respected financial services firms in India. In addition to an investment from the DSP family group, Aditi Kothari Desai, vice chairperson of the DSP Mutual Fund company, will serve on the board of directors for TIFIN India Enterprise with TIFIN Founder & CEO Dr. Vinay Nair. "I am thrilled to announce our strategic partnership with TIFIN India Enterprise, marking a significant step towards bringing AI into the realm of Indian fintech," said Aditi Kothari Desai, vice chairperson of the DSP Mutual Fund company. "TIFIN's deep expertise in wealth AI, combined with DSP Group's unparalleled 160-year legacy in the Indian financial sector and strong digital capabilities in wealth tech, positions TIFIN India Enterprise as a formidable venture. Our vision is to establish ourselves as the premier choice for developing AI-driven wealth solutions, leveraging our unparalleled blend of technological prowess and comprehensive domain knowledge to ensure the success of every project and product. We look forward to offering these innovative solutions to financial intermediaries through our group company, CompoundExpress, to start with." Commenting on the launch, Vinay Nair, Founder, Chairman & CEO, TIFIN said, "Our vision is to leverage AI to help more people globally access better financial advice. We are combining our global expertise in verticalizing AI for wealth with local know-how. TIFIN India leverages learnings from TIFIN's portfolio to build products that are specifically tailored for Indian investors and financial enterprises." TIFIN India's strategy is well underway, as the firm announced India's first conversational AI assistant, MyFi, for long-term wealth creation. MyFi leverages investment intelligence to generate personalized investment guidance based on the user's investment portfolio for a segment that cannot be addressed only through human interaction given the sheer volume of investors.
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TIFIN, a leading fintech platform, announces its international expansion with the launch of TIFIN India. This move marks a significant step in the company's mission to revolutionize wealth management using artificial intelligence.
TIFIN's Global Expansion
TIFIN, a prominent fintech platform, has announced its international expansion with the launch of TIFIN India [1]. This strategic move marks a significant milestone in the company's mission to revolutionize wealth management through the power of artificial intelligence (AI). The expansion into India represents TIFIN's first step towards a broader global presence, leveraging the country's rapidly growing wealth management market and tech-savvy population.
AI-Driven Wealth Management Solutions
At the core of TIFIN's offering is its AI-powered wealth management platform, which aims to transform how individuals and institutions approach financial planning and investment [2]. The platform utilizes advanced algorithms and machine learning techniques to provide personalized investment recommendations, risk assessments, and portfolio management strategies. By harnessing the power of AI, TIFIN seeks to democratize access to sophisticated wealth management tools previously available only to high-net-worth individuals.
TIFIN India: Tailored for the Local Market
TIFIN India has been carefully crafted to cater to the unique needs and preferences of the Indian market [3]. The platform will offer a range of services, including personalized financial advice, investment planning, and portfolio optimization. By combining global expertise with local insights, TIFIN aims to provide Indian investors with cutting-edge wealth management solutions that are both innovative and culturally relevant.
Leadership and Vision
The expansion is spearheaded by TIFIN's founder and CEO, Dr. Vinay Nair, who brings a wealth of experience in finance and technology [4]. Dr. Nair's vision for TIFIN India is to bridge the gap between traditional financial services and modern technology, creating a more inclusive and efficient wealth management ecosystem. The company has also assembled a team of local experts and industry veterans to ensure that TIFIN India's offerings are tailored to meet the specific needs of Indian investors.
Market Opportunity and Future Prospects
India's wealth management sector is poised for significant growth, driven by a rising middle class, increasing disposable incomes, and growing financial literacy [3]. TIFIN's entry into this market comes at an opportune time, as more Indians are seeking sophisticated investment tools and personalized financial advice. The company's AI-driven approach is expected to resonate well with India's tech-savvy population, potentially disrupting the traditional wealth management landscape.
Collaborative Approach and Partnerships
As part of its expansion strategy, TIFIN is actively seeking partnerships with local financial institutions, advisors, and technology providers [4]. These collaborations aim to enhance the platform's capabilities and reach, allowing TIFIN to tap into existing networks and leverage local expertise. By fostering a collaborative ecosystem, TIFIN hopes to accelerate the adoption of AI-powered wealth management solutions across India.
Reference
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