CentSai, an online financial wellness community, and RIKAI Labs, China’s leading chatbot platform announced a partnership aimed at improving financial literacy in China. Under the terms of the partnership, RIKAI Labs will use CentSai’s engaging educational content to enhance its award-winning financial literacy chatbot, called “FinBot.” CentSai’scontent is expected to launch in China in the fourth quarter of 2017.
According to a 2015 Standard & Poor’s report, 72 percent of Chinese adults lack basic financial knowledge. To address this, RIKAI Labs developed “FinBot,” a chatbot friend powered by artificial intelligence (AI). FinBot teaches basic financialconcepts through friendly conversations with users incorporating multimedia and social elements to increase engagement. This creates a dialogue providing social, actionable and customized financial information to individuals. Users access FinBot through WeChat, China’s largest messaging app with 963 million users.*
On today’s show we talked with Co-Founder and CEO of CentSai, Arindam Nag.
Arindam started his career as a sports writer in his teens in Kolkata where he grew up. Once out of college (St Xavier’s College), with a business degree, he joined The Economic Times in India, spending three years as an editor and a reporter.
He joined Reuters news agency in Bombay in 1994 and the next 12 years he moved to New Delhi, London and then New York where he wrote on a variety of business and finance areas. In 2006 he joined the Dow Jones group in London, writing the Heard On the Street column for the Wall Street Journal and Dow Jones Newswires. He subsequently moved to New York as a deputy managing editor, launching new products for investment bankers and consultants. After a brief stint of over year as head of content at consulting firm Greenwich Associates, Arindam started plotting his entrepreneurship track, researching on how finance and economics could be simplified for the common man. Months later, CentSai was born.
Arindam holds an MBA from New York University’s Stern School of Business, post-grad degrees in Applied Economics and Journalism, and is also a Chartered Alternative Investment Analyst.