By Chinenye Anuforo
Vesti, a migration fintech company, recently launched Miai by Vesti and Safelock by Vesti, innovative features designed to revolutionize the migration experience for customers. This marks a significant milestone for Vesti, following their shift towards becoming an AI-focused company targeting the global immigrant financial services market.
In Q4 2023, the company announced its evolution to become an AI-first company, targeting the $36 billion global financial services market. This was followed with a bold statement on Techcabal, the company announced that Miai will serve as an invaluable resource for immigrants, providing immigrants with personalized and comprehensive assistance throughout their migration journey, from planning their move to settling into their new home. These groundbreaking features represent a paradigm shift, simplifying and securing the migration experience for millions around the globe.
“Today marks a pivotal moment,” declared Olusola Amusan, Co-founder and CEO of Vesti. “We’re thrilled to unveil Miai and Safelock, features meticulously crafted to empower immigrants and make their journeys smoother, smarter, and more secure. This launch signifies a monumental step towards fulfilling our mission – becoming the go-to financial services platform for the next half a billion immigrants worldwide.”
Miai, the AI migration assistant developed by Vesti, operates as a chatbot on the company’s website, within the app, and serves as a copilot on the web app, supported by founders who have raised $1.2m to date. Imagine having an expert by your side, readily available to answer your questions and guide you with personalized insights. Miai utilizes Machine Learning to understand your unique needs, delivering tailored answers to your specific queries. Furthermore, Natural Language Processing empowers Miai to engage in natural, conversational interactions. Ask follow-up questions, delve deeper into topics, and feel like you’re talking to a human expert, not a rigid script.
In a powerful collaboration with Providus Bank, a leading provider of innovative financial solutions, Safelock offers a secure and empowering platform specifically tailored to the unique challenges faced by immigrants. Real-time progress tracking ensures you stay motivated, witnessing your savings goals materialize. Effortless goal setting empowers you to define and adjust your savings plans as needed, offering control and flexibility. Advanced security features, backed by Providus Bank’s expertise, guarantee the safety and security of your financial information and transactions. With Safelock, achieving your financial goals and securing your future in your new home country becomes a reality.
“Providus Bank is honored to partner with Vesti on Safelock by Vesti,” said Olalekan Aderonmu, representing Lanre Ogundare, Head, Card Business at Providus Bank. “This collaboration perfectly aligns with our mission to provide innovative financial solutions that empower individuals. We are confident that Safelock will be an invaluable tool for immigrants managing their finances during their migration journey.”
The launch event wasn’t just about unveiling features; it was a celebration of innovation and collaboration that will reshape the future of migration. An insightful panel discussion explored the potential of innovative solutions for simplifying cross-border payments within the migration landscape. Guests also witnessed live demonstrations showcasing the capabilities of Miai and Safelock.
Guests were treated to a live demonstration, showcasing the unique capabilities of Miai by Vesti and Safelock by Vesti. The audience witnessed firsthand how Miai’s intelligent support system empowers immigrants, while Safelock’s secure environment safeguards their financial future.
With the launch of Miai by Vesti and Safelock by Vesti, a new era unfolds for immigrants. Vesti is no longer just a platform; it’s a torchbearer, illuminating the path towards a smoother, smarter, and more secure migration journey. Individuals across the globe can now navigate the complexities of migration with greater confidence, armed with the knowledge and financial security to make their dreams a reality in their new homes.