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

SMEs lagging behind on wellbeing: Unum UK

SMEs lagging behind on wellbeing: Unum UK

A two-tier workforce

Cameron Roberts
clock 20 November 2025 • 1 min read
Employers investing in preventative healthcare amid medical inflation

Employers investing in preventative healthcare amid medical inflation

Howden Employee Benefits report

Jaskeet Briah
clock 18 November 2025 • 3 min read
UK SMEs lose £29bn to employee sickness: Unum UK

UK SMEs lose £29bn to employee sickness: Unum UK

“A clear opportunity for smarter policy”

Jaskeet Briah
clock 13 November 2025 • 3 min read