Details

Last Funding Type

Series A

Last Funding Money Raised

$6.50M

Industries

Artificial Intelligence,Finance,Financial Services,FinTech,Information Technology,Machine Learning,Retirement,SaaS,Software

Founded date

Jan 1, 2016

Number Of Employee

11 - 50

Operating Status

Active

ABAKA is world's first digital saving and retirement enterprise SaaS platform, powered by Artificial Intelligence. Our innovative technologies enable financial institutions to power digital saving and retirement solutions and deliver scalable and affordable advice on pensions, savings and investments to their retail customers. ABAKA’s library of modular applications helps our enterprise clients to power conversational AI, personalised and behavioural nudges, big data insights, financial dashboards and outstanding customer experiences.

Today over 9 million people have access to the ABAKA technologies through our clients, and our technologies are licensed by Tier one international banks, pension providers and asset managers across multiple countries.

ABAKA’s enterprise solutions enable financial institutions to power:
• Conversational AI: on pensions, savings and investments, for both fully digital and hybrid advice. The proprietary NLP models take vast quantities of user behavioural and financial data to intelligently manage a human like conversation.
• Intelligent Behavioural Nudges: machine learning models to identify persona segmentation, power personalised insights and nudges to increase engagement and up-sell opportunities, across digital channels.
• Digital financial dashboards: data aggregation technology powering Open Banking, Pension Tracing and Pension Dashboards.
• Financial Planning Engine: retirement planning, cash flow modelling, suitability assessment, Monte-Carlo simulations for outcome & scenario driven advice