Artificial intelligence: 'First ever' self-service tool for SME employees

Adam Saville
clock • 1 min read

Financial wellbeing app service offering financial advice on pensions and savings, and featuring a chatbot called Ava

ABAKA will bring the ‘first ever' self-solution tool for financial wellbeing to employees for small-to-medium enterprises (SMEs). The fintech start-up has designed technology, assessable via the ABAKA website, that offers a ‘quick and easy' process for HR, pensions and employee benefits advisers setting up the service for company employees. "The way we interact with our finances is undergoing a radical transformation," said Fahd Rachidy, founder and CEO of ABAKA. "Individuals are being given increased freedom, which brings with it the increased responsibility of managing their pension...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Most employees would take up dental cover if available

Most employees would take up dental cover if available

Bupa research findings

Jaskeet Briah
clock 20 October 2025 • 2 min read
The mis-use of EAPs

The mis-use of EAPs

“EAPs were set up to have a positive effect on the mental health of the workforce”

Karl Bennett
clock 16 October 2025 • 4 min read
Third of UK businesses have cut down on workplace benefits

Third of UK businesses have cut down on workplace benefits

Scottish Widows findings

Jaskeet Briah
clock 15 October 2025 • 2 min read