Rayn: Pioneering Modern Savings with Blockchain and AI

In an ever-changing financial and technological environment, companies are constantly seeking to innovate and push back the boundaries of what’s possible. Rayn, an international company based in France, stands out for its innovative use of blockchain and artificial intelligence. Following an interview with their CEO, Mr. Gaël Itier, we were able to gather his vision of the company, its upcoming projects and explore how the project is navigating the tricky landscape of financial regulation.

Redefining Savings Through Technology

Rayn, formerly Akt.io, is a UK-based group which, via its French subsidiary Automata France, recently obtained its registration as a Digital Asset Service Provider (DASP) issued by the French Financial Markets Authority (AMF). Rayn’s objective is clear: to modernize savings for individuals in France and Europe by leveraging cutting-edge technologies such as artificial intelligence and blockchain.

Innovation at the Service of Savings

Mr. Itier says, “Rayn observed a historical trend emphasizing spending at the expense of saving.” Rayn therefore decided to go against this trend and create the “Flex Vault”, an offer offering an interest rate of up to 6.5%, with interest paid daily, thus placing the enhancement of savings at the forefront of its offer.

At the heart of this vault and Rayn’s strategy is the innovative use of blockchain. According to Itier, this technology offers greater transparency and security. Unlike centralized systems, blockchain guarantees decentralized decision-making, ensuring full transparency on returns. This gives individuals the same transparency as private institutions, giving them more power to manage their finances.

Risk Management with Artificial Intelligence

Risk management in the cryptocurrency sector is a central concern for Rayn, which takes an innovative approach using artificial intelligence (AI) and algorithmic analysis. Well aware of the volatility inherent in cryptocurrency markets, Gaël Itier, emphasizes that “Rayn goes beyond the simple acquisition of digital assets. The real innovation lies in the integration of automated allocation proposals, powered by sophisticated AI models.”

These automated allocation proposals not only minimize risk during market downturns, but also dynamically adapt to each user’s unique risk profile. By constantly monitoring market trends, adjusting buy and sell positions, Rayn offers users a “safety belt”, mitigating the impacts of unpredictable fluctuations in the cryptocurrency market. In this way, AI at Rayn is not limited to simple automation, but becomes a dynamic and far-sighted tool for risk management, offering a safer and more personalized investment experience.

Democratizing access to advanced financial tools

Artificial intelligence at Rayn serves a fundamental purpose: to democratize access to advanced financial tools. Mr. Itier emphasizes that investing, often perceived as complex and reserved for a financial elite, should be accessible to all, even with modest initial investments. To this end, Rayn has introduced automated allocation proposals, powered by AI, to simplify the investment experience, even for those who are not financial experts. 

By enabling anyone to benefit from a diversified, intelligent portfolio, Rayn is radically transforming the way individuals approach investing. The use of AI removes the complex barriers often associated with asset management, making savings management services accessible to a wider audience. This aligns Rayn with a broader mission: to make investing a domain open to all, contributing to financial inclusion and empowering individuals to manage their finances.

Strategic Partnerships and Regulatory Compliance

Rayn places regulatory compliance at the heart of its operations, recognizing the crucial importance of complying with the standards and requirements set by regulators. To reinforce its positioning and ensure robustness in its operations, Rayn has established strategic partnerships with leaders in the financial industry.

By partnering with ModulR Finance, the infrastructure behind major players such as Revolut, Rayn benefits from solid support in its day-to-day operations. Collaboration with Onfido, a choice of many fintechs, facilitates the automation of the KYC (Know Your Customer) process, strengthening security and compliance with anti-money laundering regulations. Comply Advantage, a world leader in the fight against money laundering, strengthens Rayn’s ability to identify and prevent suspicious activity. Finally, Fireblocks, a recognized leader in cryptocurrency custody, ensures the security of Rayn’s digital assets.

These strategic partnerships are not simply collaborations, but thoughtful choices that demonstrate the credibility and solidity of Rayn’s infrastructure in the financial marketplace. These alliances help build user confidence and establish Rayn’s position as a player that respects the strictest regulatory standards.

Rayn’s Future: Merging Traditional Finance with AI

Rayn’s medium-term vision is to merge traditional finance with the benefits of artificial intelligence. With plans to integrate other markets such as equities, ETFs, bonds and precious metals in 2024, Rayn offers a broader range of investments for better portfolio diversification.

Finally, Mr. Itier shares that “Rayn is always on the lookout for the latest innovations. CBDCs and stablecoins represent an exciting evolution in digital finance, and Rayn will certainly consider integrating them into its platform if it offers value to users and is compliant with regulations.”

Conclusion

Rayn is positioning itself as a transformative force in the world of finance, combining the power of blockchain and artificial intelligence to redefine the way we invest and manage our finances. With ambitious plans, strong partnerships and a commitment to compliance, Rayn is poised to shape the future of digital finance.