Driving Automation in the Financial Advice Industry with Data Capturing
The present day financial advice industry has seen little innovation since the turn of the last decade, but is now entering a period where it will be fundamentally disrupted. The industry has relied on historically high margins, slowing down change and is laggard in terms of adoption of digital technologies. There has only been […]
Investment heavyweight Colin Clark appointed as chair of AI fintech business Aveni
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 […]
Aveni’s busy week: FinTech Award Win, HomeGame 2 and JP Morgan Innovation Events!
Last week was a busy one for Aveni. From winning a Scottish Financial Technology award to being a part of two exciting and impactful events with JP Morgan and the langcat, we loved getting out and sharing ideas with so many like-minded colleagues within the Financial Services industry. Our CEO, Joseph Twigg was representing across […]
Human+: Human-in-the-Loop AI
AI is already changing our lives; from expert systems which predict the weather and the stock market, to facial recognition and internet search results. Its application is growing more extensive. Some uses of AI are relatively low risk, such as suggesting the next song to play on our Spotify playlist. Others are potentially life changing […]
Aveni wins the Scottish Financial Technology Awards 2022: RegTech Innovation category
Aveni is delighted to announce we’ve won the Scottish Financial Technology Awards 2022 in the RegTech Innovation category for our Auto QA technology. The awards, organised by Digit and part of FinTech Scotland’s FinTech Festival 2022, are designed to celebrate the development of the Scottish Financial Technology ecosystem. On picking up the award, Joseph Twigg, CEO, Aveni […]
What does a data-driven regulator expect from you? 5 key takeaways from Aveni’s Consumer Duty webinar
The existing framework and business principles in the financial service sector are not yielding the consumer outcomes that the FCA is gunning for. The Consumer Duty sets standards for financial services firms to go from where they currently are to the point where they will be delivering the right customer outcomes. The consumer duty […]
Is Consumer Duty just another TCF thing?
As the industry and analysts continue to pick apart the FCA’s final guidance on Consumer Duty, there are some skeptics wondering whether the new rules genuinely mark a shift in the regulator’s approach to customer outcomes or whether it’s just their Treating Customers Fairly (TCF) mandate in disguise. Weighing in on the debate is Joseph […]
5 technologies to help firms comply with Consumer Duty
The Consumer Duty final guidance comes with big requirements for evidence. Firms will need to deploy advanced data-driven technology solutions to meet the regulator’s data-focused demands, ultimately adapting their approach and processes in order to comply. As well as regulatory compliance, applying the right technology has the additional benefit of making business processes more […]
[Cybernews Interview]: Enhancing business operations with AI solutions
Natural Language Processing (NLP) is a field in artificial intelligence that enables machines to understand, process and analyse natural language in a similar way that humans do. As NLP becomes one of the most popular forms of AI, it’s important for businesses to learn more about its potential application. Our principal engineer, Matthew Pattinson, shares […]
How low-resource Natural Language Processing is making Speech Analytics accessible to industry
Natural Language Processing (NLP) is a subset of artificial intelligence that enables machines to understand, process and analyse natural language in the way that humans will. The machine analyses data, interprets, measures sentiment and provides the intended inference from it. The data used for Natural Language Processing (and other forms of machine learning) may be […]
Aveni Detect platform to revolutionise approach to Risk Assurance as Consumer Duty rules launched
We’re helping financial services firms meet new Consumer Duty regulations with our game-changing Aveni Detect product. Our AI platform uses the latest advances in Natural Language Processing (NLP) to monitor every customer interaction to produce data-led evidence of compliance with new Financial Conduct Authority (FCA) legislation. Developed as a ‘Machine Line of Defence,’ Aveni […]
How your business can reduce costs in a high inflation environment
Global inflation rates have been consistently on the rise over the past year. The high inflation is driven by high energy prices, issues in supply chains and an increase in consumer demand. While focus has been largely on the effect this is having on the general population, there are also ramifications on businesses, particularly those […]
