logo
GFH launches next generation of conversational AI assistant

GFH launches next generation of conversational AI assistant

Zawya21-05-2025

Manama, Bahrain – GFH Financial Group ('GFH' or 'the Group') recently announced the launch of the next generation of its investment app with the release of a conversational voice feature for its AI-powered assistant, the GFH AI Assistant, becoming the first investment bank in the region to roll out a fully voice-operated conversational AI assistant, enabling users to manage their investments simply by speaking to the app.
The initiative comes within GFH's constant strive to embrace cutting-edge financial technologies and industry-leading security measures, ensuring clients enjoy a seamless and highly protected investment journey, from registration and onboarding to real-time portfolio management. The enhanced AI assistant is powered by OpenAI and offers instant intelligent responses, creating a highly intuitive and responsive user experience, and offering an all-in-one fully digital investment experience.
The launch of the upgraded AI assistant builds on the Group's ongoing digital transformation strategy and further enhances its position as one of the leading investment banks in the GCC region, where it was recently honoured with two prestigious regional awards for leadership in digital banking and fintech solutions
Commenting on the occasion, Mr. Osama Nasr, Chief Digital Banking Officer of GFH, said: 'We are delighted to introduce the next generation of the GFH AI Assistant — the first voice-enabled AI assistant of its kind among investment banks in the GCC. This enhanced version allows users to engage in natural, hands-free conversations to check their portfolio performance, inquire about expected returns, or explore new investment opportunities - anytime, anywhere. We're excited for our clients to experience the future of intelligent investing with the GFH AI Assistant.'
He added: 'Our goal is to lead the region in digital innovation by bringing the future of investing into our clients' hands today. With this new conversational AI feature, we're removing barriers and making digital investing as simple and intuitive as having a conversation. It's about creating a more connected and effortless experience for our investors – in line with our commitment to delivering solutions that align with their needs and how they choose to engage with their finances.'
Additionally, investors can access the GFH Wakala Account through the app, offering expected monthly returns of up to 7% per annum with monthly profit distribution exclusively available to individual investors. The app also supports a wide range of secure payment methods, including cryptocurrency, providing users with maximum flexibility in how they invest.
The upgraded GFH AI Assistant is now available through the updated GFH app, downloadable via the Apple App Store or Google Play Store, and it is open to all GCC nationals and residents.
About GFH Financial Group B.S.C.
GFH Financial Group, licensed as an Islamic wholesale bank by the Central Bank of Bahrain and headquartered at GFH House, P.O. Box 10006, Manama Sea Front, Kingdom of Bahrain is one of the most recognised financial groups in the Gulf region. Its businesses include Investment Management, Treasury & Proprietary Investments, Commercial Banking and Real Estate Development. The Group's operations are principally focused across the GCC, North Africa and India, along with strategic investments in the U.S., Europe and U.K. GFH is listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) where it is one of the most liquid and actively traded stocks. For more information, please visit www.gfh.com.
About Wakala Investments
Wakala is an agency contract, where the account holder (principal) appoints GFH (agent) to carry out investment activities on its behalf. Investments in Wakala are subject to risks, and returns are not guaranteed. This communication is for informational purposes only and does not constitute an offer, solicitation or recommendation to subscribe for or purchase any investment product in any jurisdiction where such an offer or solicitation would be prohibited by applicable laws or regulations. Prospective investors should conduct their own due diligence and, if in doubt, seek independent legal, tax and financial advice before making any investment decision.
GFH Financial Group
Nawal Al Naji
Senior Manager - Corporate Communications
Email: Nalnaji@gfh.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Apple opens its AI to developers
Apple opens its AI to developers

Tahawul Tech

time43 minutes ago

  • Tahawul Tech

Apple opens its AI to developers

Apple announced recently a slew of artificial intelligence features including opening up Apple Intelligence's underlying technology in a modest update of its software and services as it lays the groundwork for future advances. The presentations at its annual Worldwide Developers Conference focused more on incremental developments, including live translations for phone calls, that improve everyday life rather than the sweeping ambitions for AI that Apple's rivals are marketing. A year after it failed to deliver promised AI-based upgrades to key products such as Siri, Apple kept its AI promises to consumers low-key, communicating that it could help with tasks like finding where to buy a jacket similar to one they have seen online. Behind the scenes, Apple hinted at a strategy of offering its own tools to developers alongside those from rivals, similar to a strategy by Microsoft last month. Apple software chief Craig Federighi said the company will offer both its own and OpenAI's code completion tools in its key Apple developer software and that the company is opening up the foundational AI model that it uses for some of its own features to third-party developers. 'We're opening up access for any app to tap directly into the on-device, large language model at the core of Apple,' Federighi said. In an early demonstration of this at work, the company added image generation from OpenAI's ChatGPT to its Image Playground app, saying that user data would not be shared with OpenAI without a user's permission. 'You could see Apple's priority is what they're doing on the back-end, instead of what they're doing at the front-end, which most people don't really care about yet,' said Ben Bajarin, chief executive of analyst firm Creative Strategies. Apple is facing an unprecedented set of technical and regulatory challenges as it kicked off its software developer conference. Shares of Apple, which were flat before the start of the event, closed 1.2% lower on Monday. 'In a moment in which the market questions Apple's ability to take any sort of lead in the AI space, the announced features felt incremental at best,' Thomas Monteiro, senior analyst at said. Compared with what other big AI companies are introducing, he added, 'It just seems that the clock is ticking faster every day for Apple.' That is a contrast to the ambitious vision laid out by Apple last year. 'They went from being visionary and talking about agents before a lot of other people did, to now realizing that, at the end of the day, what they need to do is deliver on what they presented a year ago,' said Bob O'Donnell, chief analyst at Technalysis Research. Apple executives said that developers will have access only to Apple's on-device version of Apple Intelligence, which does not tap into special data centres Apple built for its AI efforts. The on-device model is about 3 billion parameters, a measurement of the model's level of sophistication, meaning that it cannot handle the more complex tasks that cloud-based models can. Source: Reuters Image Credit: Apple

US asset manager Harrison Street receives licence to open ADGM office
US asset manager Harrison Street receives licence to open ADGM office

The National

timean hour ago

  • The National

US asset manager Harrison Street receives licence to open ADGM office

Harrison Street, a US-based real estate and infrastructure investment manager, has entered the Middle East market with the opening of an office at Abu Dhabi's financial hub ADGM. The company with $56 billion in assets under management has received a financial services licence from ADGM's regulator, the Financial Services Regulatory Authority, Harrison Street said on Tuesday. The move is part of the company's global expansion and positions it to 'better serve current and prospective clients in the region over the long-term', it said. Harrison Street is expanding into the Middle East market at a time when regional investors are increasingly seeking economic diversification and a broader range of international opportunities, including global real assets exposure, the company said. 'While we've been providing Middle Eastern investors with exposure to demographic-driven real asset strategies for quite some time, we are excited to now formalise our presence in the Middle East,' Christopher Merrill, co-founder, chief executive of Harrison Street, said. Harrison Street joins a growing list of asset managers, insurers, financial institutions and investment houses that have chosen to set up a base in the financial hub of UAE capital, to use it as the platform for their regional expansion. In February, German asset manager Patrizia was granted approval by the FSRA to start operations at ADGM. The Augsburg-based company, which has about €55 billion ($57.7 billion) in assets under management, plans to arrange and advise real estate investments for clients in the region. The two real estate managers add to a stream of companies including BlackRock that are eager to tap into the Middle East's growing investment market. New York-based BlackRock, the world's top asset manager with nearly $11.5 trillion in AUM, in November received a commercial licence to operate at ADGM. In September, ADGM welcomed its first trillion-dollar asset managers: PGIM, the global asset management business of the New York Stock Exchange-listed Prudential Financial, and Chicago investment firm Nuveen, with both aiming to expand their operations and client bases in the Middle East. The flurry of new additions has pushed the number of firms in ADGM higher during the first quarter of this year, with assets under management also increasing by 33 per cent annually, the financial hub said earlier this month. The total number of entities operating at ADGM rose by 43 per cent annually to 2,781 in the first three months of this year, it said in a statement. At the end of last year, the financial zone had 2,381 operational entities.

CorroHealth makes strategic investment in Gulf Capital's Santechture
CorroHealth makes strategic investment in Gulf Capital's Santechture

Zawya

timean hour ago

  • Zawya

CorroHealth makes strategic investment in Gulf Capital's Santechture

Abu Dhabi – Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that global healthcare technology company CorroHealth has made a strategic investment into one of its portfolio companies, Santechture, a Dubai based pioneering revenue cycle management (RCM) intelligent technology solutions provider. The deal brings together the industry-leading AI capabilities of CorroHealth with the advanced RCM solutions of SANTECHTURE, equipping SANTECHTURE healthcare clients across the Gulf Cooperation Council (GCC) region with powerful new technology to maximize ROI. The investment formalizes what has been a productive working relationship between the two companies. Over the past two years, CorroHealth and SANTECHTURE have successfully completed multiple proofs of concept for SANTCEHTURE clients. In January, SANTECHTURE and CorroHealth jointly hosted the Arab Health reception focused on AI and Revenue Cycle Management (RCM) Innovation. SANTECHTURE, which is backed by leading institutional investors Gulf Capital and Shorooq Partners, has seen a phenomenal increase in demand for its advanced deep tech RCM solutions in the GGC and across regional markets, and this partnership will support yet another leap ahead in advancing innovation and value creation. CorroHealth CEO Pat Leonard said, 'This is an exciting step forward for CorroHealth, as we combine our technological capabilities with a local company based in the GCC region. CorroHealth joining forces with SANTECHTURE brings the best of both worlds to provide clients in the region with unsurpassed RCM capabilities to protect hospitals' bottom lines and help to ensure their financial future.' SANTECHTURE Founder and CEO Anas Batikhi said, 'The pairing of SANTECHTURE's unique leading-edge solutions with CorroHealth's AI driven innovations in the RCM technology space is truly unrivalled. We are especially thrilled to be cementing further our working relationship with CorroHealth and leading the intelligent automation drive to support our clients and partners with their RCM digital transformation journey, delivering on cost reduction and improved revenue outcomes.' Gulf Capital Managing Director Mohammad Madani added, 'We are proud to have been early backers of SANTECHTURE and to now support this landmark partnership between SANTECHTURE's and CorroHealth. This strategic investment is a strong validation of SANTECHTURE's leadership in intelligent RCM solutions across the GCC and marks a pivotal milestone in its growth journey. We are confident this collaboration will unlock significant value for healthcare providers in the region.' Bilal Mushtaq, MD, CorroHealth's Executive Vice President of Global Growth and Strategy for GCC market expansion said 'This strategic investment and partnership marks a pivotal step forward in our growth strategy, reinforcing our commitment to innovation and delivering greater value to a new market. This is not just a collaboration but a shared vision to forge a new path towards providing excellence in revenue cycle management'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store