Peymo, a UK-based FinTech, just launched an innovative artificial intelligence-powered digital finance platform. This new system seamlessly integrates traditional fiat banking with cryptocurrency wallets, tokenized assets, and embedded finance solutions.
The company labels its creation an “AI-powered multi-hybrid bank,” providing users with comprehensive management of British pounds, euros, and various crypto assets, along with branded debit cards. Enterprises also gain access to full banking functionalities through robust APIs.
Tomas Bartos, Peymo’s founder, stated, “By fusing AI, fiat, crypto, and embedded finance into a single stack, we’re delivering the next generation of banking — and it’s ready today.”
The platform boasts a voice-first interface for hands-free banking, along with AI agents that monitor user behavior, track market activity, optimize payments, and protect assets. Additionally, AI tools empower users to navigate their entire portfolio, including crypto, fiat, gold, and tokenized assets.
Peymo is actively engaging with partners, early adopters, and regulatory stakeholders to expand its infrastructure globally. In a July 2024 LinkedIn post, Peymo invited investors to join its “transformative journey in the financial landscape,” highlighting a strategic client acquisition approach that includes acquiring large client databases, embedding finance solutions with online businesses, and implementing a paygateway system. This strategy aims to rapidly expand Peymo’s user base and demonstrate its growth potential in the competitive market.
This launch comes as mobile banking apps continue to be the preferred method for many customers, especially among millennials, Generation Z, and Generation X. A PYMNTS Intelligence report, “Why Digital-First Banking Does Not Mean Digital-Only,” notes that demand for improved service and personalized experiences drives customers to switch banks. Research from Salesforce, cited in the report, indicates that over half of customers who switched banks last year did so seeking better digital experiences, while 39% looked for enhanced customer service.
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News Source: Pymnts.com
