Vault22 is expanding its digital wealth management platform in the UAE to capture growing regional demand for automated investment tools and artificial intelligence in financial services.

At the core of the platform is Tara, an AI-powered assistant. It assesses a user’s spending habits, current liabilities, and income cycles to deliver contextual financial guidance.

Users can search transactions using natural language. They can monitor their investments, identify potential cash shortfalls, and receive notifications tailored to their financial behaviour.

Consolidating personal finance

The application brings together budgeting, portfolio management, and account aggregation (linking multiple bank accounts to view a total balance) into a single dashboard.

This setup allows users to track their net worth, automate savings contributions, and manage debt without switching between multiple applications.

To cater to Gulf investors, the platform provides 52 diversified investment portfolios, which includes 26 options that adhere to Islamic financial principles.

Infrastructure and user growth

Alongside its consumer application, the company is developing a Wealth-as-a-Service infrastructure model. This business-to-business offering enables commercial banks to embed digital wealth solutions directly into their existing systems.

Vault22 has recorded over one million registered users globally, adding 50,000 new registrations in the past 90 days. The firm reported a 6.92 percent increase in monthly active users during February.

The company is backed by institutional investors including Standard Chartered Ventures, Old Mutual, and Franklin Templeton.

“Users increasingly want a single platform that helps them understand their finances holistically, not just invest, but budget smarter, track goals, manage spending and build wealth over time,”

said Benito Mable, Founder and CEO of Vault22.

Featured image credit: Edited by Fintech News UAE, based on image by mangpor2004 via Magnific