Tavistock is now positioning itself to become a fintech business and will use “extensive but appropriate” use of artificial intelligence (AI).
In the firm's interim results announcement today (23 December), Tavistock said it is now in a "period of transition" as it undertakes a "significant strategic realignment" to become a fintech business. Tavistock set out that "integral" to this is making "extensive but appropriate" use of AI with the aim to provide cost-effective financial advice and investment management services to all UK adults, "regardless of their income levels or wealth". It said that through its acquisition of Lifetime Financial Management in September this year, Tavistock has now established a hybrid model. ...
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