Power to more people with EuroLLM
EuroLLM: a multilingual large language model that supports all 24 official EU languages Head of Aveni Labs Dr Alexandra Birch was part of The University of Edinburgh team working with Unbabel, Instituto Superior Técnico and Université Paris-Saclay, to develop EuroLLM, which was trained on MareNostrum at the Barcelona Supercomputer. It delivers state of the art performance for medium sized models, […]
Compliance or Con? The Uncomfortable Truth About Ongoing Financial Advice Fees
What is the cost of ongoing financial advice in the UK and why should we care about it? Financial advice firms are charging ongoing fees while failing to demonstrate the value they’re providing, or more worryingly, even evidence that they’re providing the service at all. Despite collecting substantial annual charges, many wealth managers aren’t delivering […]
Closing the advice gap: the benefits of online financial advice
The gap between those who can access financial advice and those who can’t is growing wider. Traditionally, financial advice has been seen as something for the wealthier in the population – a service with seemingly high fees that many people can’t afford. For those who don’t have a large portfolio or significant assets, getting expert […]
The top 13 generative AI terms everyone should know
It’s no secret that generative AI is coming for financial advice. In fact, it’s already here. And it’s brought with it a whole host of buzzwords, keywords, catchphrases and acronyms that are enough to make any head spin. So, how do you know what’s relevant? What actually are the key AI terms everyone should know? We’ve broken […]
Aveni answers the top 5 questions about Generative AI for Financial Services
Financial services companies are often found way down the list of industries looking to add tech to their systems. But right now, the industry is on the cusp of a major transformation. AI (artificial intelligence) in global banking is anticipated to grow from $3.9bn in 2020 to $64bn by 2030. The use of generative AI […]
The FCA annual report 2023-24: a year of change, progress and assertive action in UK financial regulation
At a whopping 170 pages, the Financial Conduct Authority’s (FCA) annual report 2023-24 is chock-full of interesting developments for the UK’s financial regulatory landscape. But it can feel daunting just to open the document! So, what are the actual key takeaways? A new dawn for UK financial regulation In the biggest shift to the UK financial regulatory […]
Aveni soars to new heights in 2024 as it looks to scale rapidly in next 24 months
4 October 2024, Edinburgh – Aveni.ai has come out cream of the crop at the Scottish Fintech Awards 2024, winning Fintech of the Year. This recognition highlights a year of significant achievements for Aveni, underscoring its rapid growth and innovation in the financial services sector. This Award win comes just days after Aveni was selected […]
Tradition to Innovation: The Evolution of Financial Advice from the Chicago 13 to GenAI
The world of financial advice has come a long way, shaped by new technologies and changing what people expect from their financial services. From its early days to the current era of AI-driven solutions, the industry has seen some pretty major changes. Not only that, it also has to keep up with these changes. The […]
Top 10 takeaways from the webinar: Leveraging AI to Enhance Remote Advisory Services and Mitigate Risks
Joseph Twigg, CEO of Aveni, and Jeff Lange, CEO of TFAS Group sat down together last week to talk about the use of AI in remote advisory services to Bridge the Financial Advice Gap. With up to 40% of banking customers now opting for remote solutions, they explored the rapid rise of remote financial […]
3 ways that AI will revolutionise the future of debt recovery
The future of debt recovery is at a critical point. It’s facing some serious challenges and a lot of scrutiny, especially around how it treats vulnerable consumers. The UK economy isn’t helping matters, with predictions of sustained inflation and interest rates. The housing sector is feeling the pinch too, with companies finding it tough to […]
TFAS Wealth to integrate Aveni’s AI solutions across its advisory service and support client-centric growth
London, UK – 27 August 2024 – Aveni.ai, the AI fintech business, has been selected by independent financial advisory firm TFAS Wealth to implement AI solutions across its expanding service offering in the UK. TFAS Wealth offers remote financial advice across the UK. The investment in Aveni’s AI technology has been prioritised to help support […]
3 extra hours: what are the benefits of AI for financial advisers?
What are the benefits of AI for financial advisers? Can it possibly give you back three hours? And what would they do if it did? Aside from pop the kettle on. In all seriousness, by shifting the burden of time-consuming administrative tasks from the adviser’s workload to an AI assistant, there’s a lot that they […]
