Old Mutual Enhances Moneyversity Platform with AI Capabilities and More Educational Resources

Introduction

Old Mutual, an insurance company, has upgraded its financial literacy platform, Moneyversity, by incorporating artificial intelligence (AI) features and expanding its educational resources.

Platform Overview

The recently rebranded Moneyversity+ is an online platform launched in 2017. It offers a wide range of financial courses, budgeting strategies, quizzes, and practical money-saving tips to help users make informed financial decisions.

Features and Audience

Moneyversity+ caters to individuals of all ages, including children aged six to 17. The platform includes downloadable videos, virtual reality games, and additional educational materials tailored for different age groups.

Public Reception and Future Plans

Since its soft launch in June, Moneyversity+ has already attracted over 60,000 users. Old Mutual plans to introduce new features such as podcasts, games, and learning materials based on machine learning and advanced analytics.

Company Insights

Ajen Mothee, head of innovation at Old Mutual Personal Finance, emphasized the company’s commitment to enhancing financial wellness in Africa. The platform serves as a dedicated space for improving financial inclusion and literacy.

Strategic Initiatives

By focusing on innovative technologies and emerging trends, Old Mutual aims to simplify financial concepts and improve financial literacy in South Africa. The platform will expand to other African markets in the future to provide trusted information and guidance on various financial topics.

Impact and Responsibility

Celiwe Ross, director at Old Mutual, highlighted the role of the financial sector in educating individuals on financial decision-making and asset protection. Initiatives like Moneyversity+ play a crucial role in empowering people to make informed financial choices and improve financial well-being.