Introducing our monthly newsletter
Company and market updates
Welcome to the launch of the Stratiphy Newsletter. We will keep you up to date on our progress, the latest developments of our AI-powered investment app as well as relevant market news.
Stratiphy’s recent milestones
In a significant stride forward, Stratiphy has been authorised by the Financial Conduct Authority (FCA). This means we will now be able to offer self-directed and automated investing within our app. We are taking advantage of our new permissions by developing our trading functionality, as well as expanding our stock universe and continuously working to improve the user experience.
Our team attended two networking events: NatWest’s funding panel and WealthKernel’s gathering with the London WealthTech community. These events served as platforms for our Head of Growth, Nikki Hawkes, to talk about our crowdfunding success, and for our CEO, Daniel Gold, to demo our app and introduce our new pricing structure to a captivated WealthTech audience.
Our crowdfunding campaign overfunded!
We recently raised funds for the business on Crowdcube in a campaign that surpassed expectations with the total raised almost double what we sought, securing over £340,000 to develop our AI solution (more below) and to launch trading in our app. We are proud to be a community-funded business.
Stratiphy is leading a consortium awarded a £1M grant from Innovate UK
We are thrilled to share that we are leading a consortium that has been awarded a £1 million grant from Innovate UK. The grant will allow us to accelerate the adoption of trustworthy, responsible AI and machine learning.
It will fund the enhancement of our personal investment management solution through cutting-edge AI technology. The consortium consists of diverse range of financial services firms, from pensions to structured credit, as well as two leading UK universities:
Chenavari (structured credit)
Smart Pension (workplace pensions)
Aventur (wealth planning)
University of Bristol (computer science)
University of Birmingham (computer science & trustworthy AI)
You can read more about this award on Yahoo Finance!
Welcoming new talent to the Stratiphy team
We have been joined by two MSc students from University College London: Rowan Alexander and Rajpal Dhillon.
Rowan joined the team to conduct research on parameter optimisation techniques, forming part of the Stratiphy AI team. With an undergraduate degree in Economics from the University of Bristol, Rowan brings a wealth of analytical skills to Stratiphy.
“I really appreciate being able to ask questions directly to all team members. That’s the best thing about working as part of a small team.” – Rowan
Raj has degree from the University of Southampton in Computer Science, and has an interest in natural language processing and using AI for its predictive capabilities. Volunteering as Vice President of Southampton’s Singapore Society, he gained experience collaborating with others to carry out events. Today, he uses these same skills to contribute to the Stratiphy AI team.
Strati-bytes 🤖
Articles and insights from the last month that caught our attention:
#1: AI can pick stocks better than you can (FT)
A University of Chicago study suggests that out-of-the-box modern AI tools such as LLMs can outperform human analysts in predicting company earnings, and can even determine profitable investments.
This supports our core belief that removing human bias and performing market analysis consistently is an effective strategy for money management.
#2: Inside UK banks’ arms race against FinTech start-ups (City A.M.)
Major UK banks are expanding into FinTech to compete with the FinTechs themselves, leveraging strategies like automation and embedded finance. Interest from banks in initiatives such as Starling's Engine and HSBC's Zing are aimed at diversifying revenue streams and enhancing technological capabilities, demonstrating the opportunities for FinTech startups to impact the financial landscape.
#3: The biggest FinTech trends in the next 10 years (Forbes)
Within a decade, it is possible that AI will have evolved from its current role in assisting with financial decision-making and automating customer services to autonomously managing entire financial systems. If ever there was music to our ears!
That’s all for this month! Subscribe to stay up to date on Stratiphy’s achievements. Download Stratiphy to start building your own investment strategies.