Naré Vardanyan-Ntropy co-founder and CEO
Despite growing up in different countries, we shared a common experience of facing challenges in accessing financial services. We believe that money should enable and unlock, but instead it often blocks and slows us down. Given our background in machine learning, we decided to change this from the ground up, with data.
Most of the world's financial data is stored in our bank transactions but the data is messy and difficult to read for both humans and machines. We saw enrichment as a foundational layer to enable money to do more, in more places, and for more people. Only once you have clean and standardised data, can you realise the potential of LLMs.
Large language models are universal tools that can transform systems of record into systems of intelligence by surfacing the right information at the right time and in the most optimal way. Despite our common excitement for LLMs, building with commercial or open source LLM-s is far from trivial. Finance requires precision, scale and security. The majority of global fintechs and FI-s will lack time, resources and expertise to unlock it. We believe that an AI company specialized in financial services will lead this transformation.
