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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. revolution hits fintech: J.P. Morgan and TIFIN team up to launch TIFIN.AIHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. TIFIN CEO Vinay Nair joins the show to discuss the team up with JPMorgan.
Persons: Morgan, Brian Sullivan, , Vinay Nair Organizations: CNBC, JPMorgan
Tifin CEO on the intersection of investing & A.I.
  + stars: | 2023-06-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTifin CEO on the intersection of investing & A.I. Vinay Nair, Tifin founder and CEO, joins 'Squawk on the Street' to discuss the company's business, when investors will get metrics from Tifin's business, and more.
Persons: Vinay Nair
Applying artificial intelligence to the world of finance is all the rage, and a new investing platform just took it to another level. Magnifi is one of the first investing platforms that uses ChatGPT and computer programs to provide personalized, data-driven investment advice. "Today brokerages have democratized access to trading, to markets, but they lack intelligence and they lack personalization for the user. A recent preliminary study showed that ChatGPT, the hottest AI tool in the world, could have the potential to improve investment decision making. To see how Magnifi performs and how it competes with professional advisers, I asked it a few different questions.
JPMorgan acquired OpenInvest in 2021 to meet client demand for sustainable investing. OpenInvest, a sustainable-investing robo-advisor, has spent the past 13 months integrating into JPMorgan following the bank's acquisition of the startup in August 2021. Josh Levin, OpenInvest cofounder and chief strategy officer, told Insider clients are able to view things like how much carbon or tobacco the client has avoided funding. OpenInvest is helping JPMorgan work with other fintechsMurray and Levin told Insider that JPMorgan's acquisition represents more than an opportunity to upgrade the bank's sustainable investing offering. And so, we're gonna be looking to work more readily with fintechs in the future," Murray told Insider.
OpenInvest, a sustainable-investing robo-advisor, has spent the past 13 months integrating into JPMorgan following the bank's acquisition of the startup in August 2021. Such products would include ESG and values-aligned investment strategies for JPMorgan financial advisors, along with proxy voting and philanthropic giving. Josh Levin, OpenInvest cofounder and chief strategy officer, told Insider clients are able to view things like how much carbon or tobacco the client has avoided funding. OpenInvest is helping JPMorgan work with other fintechsMurray and Levin told Insider that JPMorgan's acquisition represents more than an opportunity to upgrade the bank's sustainable investing offering. And so, we're gonna be looking to work more readily with fintechs in the future," Murray told Insider.
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