MANAMA: A brand-new AI-powered digital platform giving international investors in Bahrain their first opportunity to enter the potentially lucrative UK bond market has been launched.
SaveSavvi.com says it is the “world’s first” comparison website delivering instant access for global investors to a range of UK-based high-interest, fixed-term bonds.
“We are bringing the UK bond market to investors in Bahrain,” said SaveSavvi.com managing director Stephen Douglas.
“Our AI-powered platform gives unrivalled and immediate access to, and comparison of, many high-interest bonds issued by UK investment houses.”
Once invested, money is typically locked in for a fixed term of one to five years and used in the peer-to-peer lending sector which, according to the latest UK Alternative Finance Industry report, is currently seeing £5 billion a year ploughed into it.
Mr Douglas said SaveSavvi.com’s mission is to bring “these products to investors in Bahrain so that they can, for the first time, take advantage of the generous rates on offer through a single, highly intuitive and responsive digital platform”.
The company, which is United Nations Global Compact approved, as well as being a UK Premier League sponsor, also offers visitors to SaveSavvi.com access to other financial products, including health insurance, life insurance and pensions, all geared towards international investors and expats.
Unlike many comparison sites, SaveSavvi.com charges no fees, which the promoters say implies that the service is unbiased and impartial.
SaveSavvi.com presents its customers a range of products and also shown the investment term, interest rates, types of security and the providers’ trust site scores.
Mr Douglas said: “As a business we’ve been operating for three years now and are currently the world’s most visited and trusted expat savings site.
“This, however, marks the next stage of our evolution as a business, bringing these highly-attractive fixed interest savings to the global market on a single digital platform.”
According to him, only those involved in financial services would be aware that these bonds exist, and they wouldn’t have been a part of most investment portfolios.
“We saw the opportunity to create this platform where international investors can become educated on these products as well as delivering the ability to easily compare them and pick the investment that’s right for you.”
&uuid=(email))