Multiply is a London-based company that uses artificial intelligence to run a platform designed for freelancers with the intention of aiding them in financial planning for situations such as savings, investments, pension, mortgages, and insurance.
The company's product is a downloadable application, which is available for iOS devices. There are various features on the platform such as an emergency fund calculator, which tells users how much money they need to have saved in case of a challenging situation and how to save it. There is also a savings account finder that aids the user in finding the optimal account for his/her emergency fund. Another feature is the pension contribution planner, which gives users information about how much the contribution to their pensions should be based on various incomes.
Multiply uses bank-level encryption as part of its security measures in order to keep users' information safe. The company consults with the Financial Conduct Authority for other security measures within the application.
New fintech app means everyone can have a personal financial adviser
October 8, 2018
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