Category: Blog

  • AI: Just because you can, doesn’t mean you should!

    AI: Just because you can, doesn’t mean you should!

    Two weeks ago we launched DaMoney.AI. As someone at the forefront of building AI guidance in finance in the UK, We’ve seen firsthand how large language models (LLMs) struggle with mathematics and in particular tax calculations. Despite this, we’ve successfully taught DaMoney to make these calculations more accurately. But… …we’ve decided to NOT allow DaMoney…

  • Unlocking Financial Insights: A Look at DaMoney’s First 3,000 Questions

    Unlocking Financial Insights: A Look at DaMoney’s First 3,000 Questions

    We’re thrilled to share some fascinating insights from the initial launch of our new AI guidance engine – DaMoney.AI ! In just a short time, we’ve processed 3000 questions, and are able to share some early insights. This early data demonstrates the diverse range of topics individuals are seeking guidance on, highlighting the critical need…

  • Scaling Understanding: How AI Can Help Meet Consumer Duty’s Clarity Challenge

    Scaling Understanding: How AI Can Help Meet Consumer Duty’s Clarity Challenge

    The Financial Conduct Authority’s (FCA) Consumer Duty has fundamentally shifted expectations, demanding that financial firms actively deliver good outcomes for retail customers. One of the core pillars of this is the ‘consumer understanding’ outcome. This requires firms to communicate in ways that equip consumers to make effective, timely, and properly informed decisions. It sounds straightforward,…

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I'm DaMoney (beta). I can help with personal finance questions. I’m an AI tool, not a financial adviser. Answers are for information purposes only and do not constitute financial advice. Always verify responses with your own research and seek professional advice. By using this chat, you agree to our Terms of Use.
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