UK-based  fintech innovator Peymo has launched what it claims to be the world’s first AI-powered digital banking platform.  

The multi-hybrid bank is a digital finance platform integrates traditional fiat banking, cryptocurrency wallets, tokenised assets, and embedded finance into a unified system, aiming to streamline the financial management process for users and enterprises. 

The platform’s infrastructure is based on a proprietary modular architecture, which enables users to manage a variety of financial instruments including GBP, EUR, crypto assets, and branded debit cards in a single interface.  

Furthermore, the system offers APIs that allow businesses to integrate banking functions into their existing operations. 

Peymo platform features AI-driven voice-first interface, which supports listening, instant intent recognition, and multimodal confirmations to facilitate secure, hands-free banking transactions.  

The platform employs five specialised AI agents that are responsible for monitoring user behaviour, analysing market activity, optimising payment processes, and safeguarding assets in real time. 

Additionally, Peymo has incorporated a referral engine that can identify potential new users within a network, send out personalised invitations via communication platforms. 

It provides instant onboarding using AI and transaction monitoring for expedited clearance, and real-time deposits, with AI also improving of the system’s code. 

The AI technology also aids users in navigating their financial portfolios, which may include a mix of cryptocurrencies, fiat currencies, gold, and tokenised assets. 

The platform offers a range of features including tokenised payments for instant remittance, multi-currency IBANs for international transactions, a built-in crypto wallet and exchange, and the ability to make contactless crypto payments at physical retail locations.  

Peymo founder Tomas Bartos said: “We make complex finance invisible. By fusing AI, fiat, crypto and embedded finance into a single stack, we’re delivering the next generation of banking — and it’s ready today.” 

The core banking system underpinning Peymo’s platform has been operational since 2012 and the company is currently seeking to raise €5m in funding and has active letters of intent from potential partners and clients across Africa, Australia, and Europe.