J.P. Morgan and TIFIN Launch TIFIN.AI

TIFIN, an artificial intelligence (AI) platform for wealth management, announced the launch of TIFIN.AI. TIFIN.AI is dedicated to conceiving and developing TIFIN’s second cohort of AI-powered fintech companies. J.P. Morgan has joined TIFIN in funding TIFIN.AI. according to a story in MarketsMedia news. The formation of TIFIN.AI builds upon TIFIN Studios, which created five companies between 2018 and 2021. The first iteration of Studios yielded launches and exits including J.P. Morgan’s acquisition of 55ip in 2020, the spin-off of Paralel Technologies, and the foundation of TIFIN’s three subsidiaries Magnifi, TIFIN Wealth, and TIFIN AMP. TIFIN.AI ushers in a new phase of fintech innovation in wealth management across advice and products using AI capabilities across use cases that include client portfolio insights for advisors, alternative investing, wealth management in the workplace, and insurance among others. Drawing upon the insights gained by the previous cohort, TIFIN.AI has refined a template for repeatable innovation, one that bolstered efficiency and led to shorter time-to-market for forthcoming innovations. Operating as a subsidiary within TIFIN, TIFIN.AI will be directly overseen by TIFIN’s founder and CEO, Dr. Vinay Nair.