Bridgeweave to transform wealth industry through AI
Hyderabad: Bridgeweave, a UK-based fintech firm that uses proprietary artificial intelligence models to provide institutional quality research insights and predictive investment ideas to investors, advisors, and asset managers, is aiming to disrupt and transform the wealth and investments industry. Akshaya Bhargava, founder and executive chairman, Bridgeweave, tells YV Phani Raj how the retail investors are […]
Hyderabad: Bridgeweave, a UK-based fintech firm that uses proprietary artificial intelligence models to provide institutional quality research insights and predictive investment ideas to investors, advisors, and asset managers, is aiming to disrupt and transform the wealth and investments industry. Akshaya Bhargava, founder and executive chairman, Bridgeweave, tells YV Phani Raj how the retail investors are growing and how technology will help them in future.
Creation of InvestorAI
The idea for Bridgeweave came during my time at Barclays where I was struck by how little technology is used in the front offices of the wealth management industry. During lockdown, we saw something very new and different happening in the world of wealth management. Retail investment started to boom all over the world and this growth is led by first time investors who are digitally native and want to make decisions on their own. InvestorAi, our flagship product is a solution for these DIY investors as it gives them very high-quality investment insights that they can execute on their own.
Platform capabilities
InvestorAi covers over 4,500 global stocks and 1,500 ETFs in 15 markets and the algorithms perform over 800 million calculations every day – something that is impossible for a regular retail investor to do. There are over 600 live signals/insights available at any point in time with new ones being added every day. We have a subscription-based model for all our services. Some elements of the InvestorAi app are free – while these are very useful on their own, there is also a set of premium services. We cover over 20 global markets. Users can choose the model that works best for them.
Surge in trading
In Covid times, While the US added around 10 million new accounts and the UK about four million, India added 18 million accounts in that same period, and this is an intensely digital set of new users. Self-directed investing has exploded in 2020, with millions of first-time investors entering the market. Millennials are one of our most strategic investor segments. They will control over 50 per cent of liquid and investable assets in the next 20 years. Our model has a very large addressable market because it empowers the entire ecosystem of investors and advisors.
Plans for India
India has witnessed a huge rise in the retail investor segment over the last few years. The 18-million new accounts is a very promising number and this actually opened up a huge opportunity for us and we thought that it’s the right time to tap the Indian market.
New features
Our app is always building the next big feature the market is waiting for. We have recently launched something called FtM (Follow the Machine) Portfolios. These are machine generated portfolios using the best ideas from InvestorAi and available for subscription. We have several new products in the pipeline and will be launching them as they are ready.
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