UAE-based FinAI Startup Launches MalyGPT
MalyGPT provides a suite of financial wellness tools, helping consumers make informed decisions about spending and financial targets.
Maly, a Dubai International Financial Center-based (DIFC) FinAI startup, has announced the launch of MalyGPT, the first Generative artificial intelligence (AI) financial assistant in the MENA region, as per an emailed statement to Inc. Arabia. With the user's permission, this tool analyzes spending habits, financial activities, and income to offer personalized financial advice and help build better money habits.
Furthermore, MalyGPT provides a suite of financial wellness tools, helping consumers make informed decisions about spending and financial targets. Developed by Maly’s in-house tech and product team, the platform includes features like custom financial planning, real-time financial health assessments, predictive analysis, automated savings and investment advice, and a privacy-centric approach to data management.
In addition, MalyGPT offers the Gen-AI card designer, which allows users to create personalized artwork for their virtual Maly cards.
According to a recent PwC report, the potential impact of AI in the Middle East is projected to reach $320 billion by 2030, with annual growth in AI’s contribution ranging between 20% and 34%per year across the region, led by the UAE and Saudi Arabia.[1]
