Stratiphy, a technology firm specializing in investment strategy building, has secured a grant of £1 million from Innovate UK for its consortium.
The consortium, led by Stratiphy, aims to accelerate the development and adoption of trustworthy AI solutions within the financial services sector. Alongside Stratiphy, the consortium includes academic and commercial partners such as the University of Bristol and Chenavari Investment Managers.
The grant will primarily be used to enhance Stratiphy’s personal investment management solution, integrating cutting-edge AI technology into its platform. This move aligns with Stratiphy’s strategy to capitalize on emerging opportunities in the AI-driven financial services landscape.
Innovate UK, the provider of the grant, plans to invest up to £21 million in innovation projects over the next decade, emphasizing its commitment to fostering technological advancements in various industries, including finance. The selection of Stratiphy’s consortium underscores the importance of promoting trustworthy AI technologies in financial analytics, a mission shared by both Innovate UK and UKRI.
The consortium’s diverse range of partners, including academic institutions like the University of Bristol and commercial entities like Smart Pension, reflects a collaborative effort to address key challenges in investment management. Dr. John Cartlidge from the University of Bristol and Prof. Karen Elliott from the University of Birmingham bring invaluable expertise to the consortium in financial informatics and AI applications, respectively.
Daniel Gold, CEO and Founder of Stratiphy, expressed enthusiasm about leading the consortium, highlighting the potential for innovative AI technologies to revolutionize financial solutions. This announcement follows Stratiphy’s recent FCA authorization, allowing the company to offer retail investors personalized investment strategies, marking a significant departure from traditional portfolio management approaches.
“By combining commercial acumen with academic expertise, we aim to achieve important breakthroughs in AI-driven financial solutions,” he said.
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