The Family Office Wins Best AI Use-Case Award by World AI Show and Awards

May 31 2022 | 1 min

The Family Office, the leading wealth manager in the GCC, has long been invested in digitizing its business model to offer clients the highest level of convenience and ease in their wealth preservation journey. The Family Office has adopted multiple technologies over the years, including artificial intelligence (AI). In recognition of its achievements, The Family Office won the Best AI Use-Case Award (private sector – financial services) at the World AI Show and Awards in Dubai held on May 25 and 26, 2022.

World AI Awards celebrates innovators, entrepreneurs and solution providers, and honors their constant endeavors in the field of AI and related technologies. It aims to recognize breakthroughs in adopting and implementing AI in the Middle East and North Africa.

The Family Office has been at the forefront of technological innovation in the sector, using AI to revolutionize its processes and services and raise the bar for financial institutions worldwide.

In May 2022, The Family Office launched its digital wealth management platform which allows investors to create financial plans, assess their risk appetite, access international and exclusive private market opportunities in partnership with world-class asset managers, receive an asset allocation proposal then build and simulate their portfolio for 10 years, all within 10 minutes. This new platform is a natural extension of the digital transformation journey which the company started in 2020 with the launch of its client application.

Abdulmohsin Al Omran, Founder and CEO of The Family Office, celebrated this achievement, saying: “we are constantly investing in technology, namely AI, to further simplify our clients wealth management experience. Our investment into digitization and technology helps us cater to our clients’ needs in an ever-changing world.”

To learn more about the new digital platform The Family Office has launched, please click here.

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