Company News

Investment heavyweight Colin Clark appointed as chair of AI fintech business Aveni

3 min read

Aveni.ai has appointed investment heavyweight Colin Clark as Chairman of its newly formed Board. The strategic appointment comes in the wake of a recent successful funding injection of £2.75 million to grow market share in the financial services sector.  Clark will work closely with founder and CEO Joseph Twigg and COO Jamie Hunter to build out a diverse Aveni Board; expand and open up sales opportunities; and maintain the emphasis on offering best-in-class technology. 

 

Clark’s 40-year executive career in asset and wealth management with S.G. Warburg, Mercury Asset Management and Merrill Lynch culminated in his role as executive director at Standard Life plc. Since 2018 he has gone on to hold a number of significant non-executive roles in financial services including Chairman of AXA Investment Managers UK, Senior Independent Director at Rathbones Plc and Chairman of The Merchants Trust. 

 

Colin Clark commented: “I have known Joseph from his previous investment roles and always been impressed by his energy and desire to find solutions. I’ve followed Aveni closely since it was founded in 2018, so it was a role I was delighted to accept.  The business has significant potential for scale and has focused very well so far on bringing in excellent people to develop a product which is truly solutions-focused for the financial services industry and regulatory needs. We will continue that as we build the board – identifying the right mix of experience, skill and diverse thinking to help the business thrive and expand.”

 

“The fintech market has only scratched the surface of its potential, in my view. It now faces a paradigm shift as technology advancements, data capabilities and regulatory demands create new opportunities. Consumer Duty in particular brings an excellent opportunity for Aveni, as the regulator takes further action to protect consumers and our customer-centric reporting technology can play a key role in providing strategic quality assurance solutions.”

 

Joseph Twigg, CEO of Aveni said: “Colin brings the essential mix of executive and non-executive experience which Aveni needs to move to the next phase of its strategic growth.  His deeply embedded investment experience, strategic approach and honest insights will be crucial to help us address challenges and challengers, as well as identify new opportunities for market expansion. Colin shares our vision to grow a team of the very best people to develop best-in-class technology which addresses real needs to save time and money and enhance customer service. We are excited and proud to have him as our Chairman and look forward to working with him to make real impact.” 

 

Aveni’s ground-breaking conversational intelligence technology is set to drive a new level of speech automation for regulated industries. The Aveni Detect AI-based platform uses the latest advances in Natural Language Processing (NLP) to monitor every customer interaction. It gives businesses an improved level of understanding of their customers and outcomes and puts data-driven technology at the heart of their operating model and enables greater regulatory compliance. 

 

In June 2022, Aveni announced a successful funding investment of £2.75 million pounds to support growth in the business and fund product development of the Aveni Detect platform across the financial services and utility markets in the UK.  The funding round was led by The TRICAPITAL Syndicate LLP and Par Equity supported by Scottish Enterprise. 

Related posts

Blog
UK’s leading financial advice platform integrates generative AI for unprecedented automation   London, UK – 04 June 2024 – aveni.ai, an award-winning AI Fintech company, and intelliflo, a global leader...
Company News
Our co-founder and chief scientist Dr Lexi Birch is leading a newly approved EuroLLM project, utilising the Barcelona Supercomputer. The project was awarded 1.7M hours to help train large language...
Adviser productivity
Cavendish Online, part of Lloyds Banking Group, has partnered with Aveni.ai, the Artificial Intelligence fintech business, to become one of the first protection distributors in the market to use AI...
Company News
Aveni has been selected by 7IM, the client-centric, technology-driven wealth and investment management business, as a strategic AI partner. The firm plans to leverage the technology as it accelerates growth...
Company News
Aveni has launched its Consumer Duty Board Report to provide Board members with the assurance that data requirements are being met. The demands of data-first supervision and the expectations of...
Company News
The broker and investment firm James Sharp has deployed technology from Aveni.ai to ensure Consumer Duty compliance. It has moved quickly to adopt Aveni Detect, the AI and Natural Language...
Company News
We are excited to announce our membership of the Consumer Duty Alliance. Since our inception in 2018, we have been developing solutions utilising AI technology and incorporating the latest advances...
Adviser productivity
Today, we announced the release of a new platform: Aveni Assist. The GPT-powered AI assistant has been designed specifically for the financial advice market to transform administrative tasks, allowing advisers to...
Company News
Aveni has partnered with Delta Capita, a leading global capital markets consulting, managed services and technology provider, to advance their Consumer Duty offering by providing their clients with access to...
Company News
Aveni.ai, has been selected by Age Partnership, one of the UK’s leading Equity Release Advisory firms, to revolutionise its Quality Assurance systems setting new standards for customer service and outcomes.  ...
Company News
Aveni, has been selected by Schroders Personal Wealth (SPW) to transform its compliance function. Through the deployment of the Aveni Detect platform SPW will use the latest advances in Natural...
Company News
Aveni Detect is now available on the Genesys AppFoundry ™, a marketplace of solutions offering a curated selection of applications and integrations that elevate customer and employee experiences.   Developed...

Aveni’s platform uses the latest in NLP to transform productivity and risk oversight.

Scale compliance at a fraction of the cost

Cut financial advice admin from hours to minutes with Aveni’s AI assisitant

Aveni Assist

Get up and running with Aveni Assist and how it can help transform productivity and compliance. 


Aveni Detect

Get up and running with Aveni Detect and how it can help transform productivity and compliance. 


Read the latest articles from Aveni

Access our latest whitepapers, webinars, brochures and more

Jargon-bust your way to a better understanding of all things AI