The latest news about technology products and services relevant for wealth managers around the world.

US-based Kasisto has launched KAI Investment Management, tapping into artificial intelligence to educate and inform young adults about money.

This “digital experience platform” allows wealth managers to engage clients more effectively by giving them portfolio information, education and insights, and harness new digital technology. KIM, as it is called, uses “conversational AI technology” with the aim of interacting with Millennials and other users of digital information on money and investment, a statement from the firm said.

In some ways the technology is part of a trend of banks and financial organisations creating chatbots and other “digital assistants” to handle queries about money, and to provide updated information about investments and economic news.

“We use our vast Conversational AI experience in financial services to empower wealth managers to further delight their clients who are as tech-savvy and digitally demanding as they've ever been," Zor Gorelov, CEO of Kasisto, said.

"Consumers are changing the way they interact with service providers in all aspects of their lives - wealth management is no exception," according to Alois Pirker, research director for Aite Group's Wealth Management practice.

Kasisto's customers include DBS Bank, JP Morgan, Mastercard, Standard Chartered, Manulife Bank, and TD Bank, among others. Kasisto is based in New York City, with offices in California and Singapore.