Bridgeweave has launched Investment Insights, a new fintech product that has the potential to democratise investing by providing AI-powered trading insights to investors who want to participate in the stock market.
Bridgeweave says that for the first time, institutional asset management level insights will be available to individual investors seeking to take control of their financial future. The company’s ‘Investment Insights’ product has been built using CognitiveScale’s Augmented Intelligence software.
Market signals are generated every day from about 4 billion data points (rising to 16.4 billion data points in the future) spanning 7,000 global stocks and 600 UK exchange-traded funds (ETFs), with 350,000 updates every day. Bridgeweave’s proprietary platform will use CognitiveScale’s software to process such large amounts of historical, transactional and real-time data. The solution will use this wealth of information to generate insights and recommendations for investment opportunities for each customer. These AI-powered insights will be personalised for each customer based on their ‘declared, observed and inferred behaviour’.
Bridgeweave says it is aiming to transform the wealth management and investment industry processes with a coherent set of end-to-end, regulatory compliant, AI-powered financial products and ‘Investment Insights’ is its first product. Bridgeweave’s target customers include retail banks, brokerage houses, wealth managers and advisory firms who will be able to deploy its next generation products rapidly and without the need for long and expensive internal projects.
“The industry is insufficiently prepared to deal with the changes in customer expectations, priorities, and preferred modes of interaction that come with the ‘great wealth transfer’ – the intergenerational movement of USD30 trillion in wealth,” says Akshaya Bhargava, former CEO of Barclays Global Wealth and Investment Management, and now CEO and Founder of Bridgeweave.
“Our ‘Investment Insights’ product is an excellent demonstration of how AI will transform Wealth Management. All of BridgeWeave’s current and future products are being designed to take into account each investor’s unique needs, desires, circumstances and preferred assets, while matching them with a rich set of market signals, generated from decades of market, company and equity performance data. Fundamentally, there is no reason why every individual investor or investment advisor should not be as well-informed as any hedge fund manager,” he adds.
“Relevant, personalised, and comprehensible financial data has been expensive, if not inaccessible,” says CognitiveScale CEO, Shay Sabhikhi. “Bridgeweave’s product will make institutional-grade financial information available and affordable to everyone. Powered by CognitiveScale’s augmented intelligence software, Bridgeweave’s platform will become stronger over time as it continues to learn from data, results and feedback from users.”