Firm Seeks To Use AI Financial Tools To Boost Cross-Border Transactions

Vesti, a migration financial technology (fintech) company, has disclosed an artificial intelligence (AI) financial tools aimed at simplifying and streamlining cross-border payments and financial transactions for billions of immigrants worldwide.

These tools, named ‘Miai and Safelock,’ are created to boost financial and planning burdens for immigrants globally, aligning with the company’s strategic shift towards an AI-first approach initiated in late 2023.

While speaking at the unveiling in Lagos, the Co-founder and Chief Executive Officer of Vesti, Olusola Amusan, said the Miai and Safelock features are crafted to empower immigrants, making their journeys smoother, smarter, and more secure. He explained that Miai, an AI-driven migration assistant, is integrated within Vesti’s app and web platforms, serving as a conversational guide for users.

Also, Amusan stated that Safelock, developed in collaboration with Providus Bank, provides a secure savings platform tailored to the unique financial challenges faced by immigrants.

He said, “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."

Speaking on the partnership, the Head of Card Business at Providus Bank, Lanre Ogundare, noted that this collaboration aligns with the bank’s mission to provide innovative financial solutions that empower individuals.

Ogundare, who was represented by the Card Business and Prepaid Management and Solutions at Providus Bank, Olalekan Aderonmu, expressed confidence that the financial solutions will be an invaluable tool for immigrants managing their finances during their migration journey.