Aveni Assist now available as on-the-go app, Aveni Meeting Assistant, to enhance financial advice workflow
Aveni Meeting Assistant improves automated recordings for advisors Edinburgh, UK – 07 August 2024 – UK Fintech Aveni.ai today announced that its financial advice workflow AI product Aveni Assist is now available on Apple’s App Store and the Google Play store. The new Aveni Meeting Assistant app works alongside the existing web app to help […]
Generative AI vs robo-advice: will one succeed where the other stumbled?
We know that robo-advice fell short of the salvation it was promised to be. So how does generative AI vs robo-advice compare? Robo-advice certainly hasn’t achieved the widespread adoption that was predicted. But with cost to serve and chronic inefficiencies still plaguing the industry, could Generative AI (artificial intelligence) triumph where robo-advice fell short? What […]
Aveni secures £11M investment to drive AI revolution in financial services
Puma Private Equity, Lloyds Banking Group and Nationwide invest in Aveni to deliver market-leading generative AI solutions for the UK financial services industry Edinburgh, UK – 29 July 2024 – AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million. The investment is […]
Consumer Duty’s first year deadline
It’s been almost a year since the FCA brought in its new Consumer Duty (CD) regulations and feedback has been a mixed bag across the board about whether or not there’s actually been an impact. But what has happened in the last 12 months when it comes to the CD timeline? 31 July 2023 – implementation deadline […]
Aveni Offsite 2024: A Highland Fling
Welcome to Aveni’s Offsite 2024 Remote first reunites Aveni team members celebrate their win at Winton Castle On June 20th, 2024, a bus packed with Aveni employees left from Edinburgh to the beautiful Winton Castle & Estate for the long-awaited Aveni Offsite! It promised to be a day full of team building, celebration, and simply getting to […]
The Regulatory Impact on M&A Activity in Wealth Management
The landscape of mergers and acquisitions (M&A) in wealth management is undergoing significant changes, driven largely by evolving regulatory scrutiny. In a recent webinar, Jana Sivananthan, CRO at 7IM along with Andy Johnston, board Adviser here at Aveni provided insightful commentary on how these regulatory shifts are reshaping the M&A market. Their discussion highlighted the […]
Aveni partners with intelliflo as a strategic AI partner
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 in financial advice technology, have partnered to integrate generative AI, aiming to revolutionise the financial advice workflow and compliance with an end-to-end solution. Combining financial […]
From Good to Great: How Aveni’s AI Outclasses GPT-4 in Identifying Vulnerabilities
Aveni’s fine-tuned RoBERTa language model has been knocking it out of the park when it comes to detecting vulnerabilities in call transcripts, even beating the latest GPT-4. Over the past two years, we’ve put our model through rigorous tests and it’s come out on top every time. Tailored with our unique vulnerability detection data, RoBERTa […]
Consumer Duty Clock Ticking: Get Your Data Ready Now!
Feel like the first Consumer Duty board report deadline is creeping up on you too quickly? Don’t panic. Here are some quick and easy steps financial advice firms can take to gather data and insights for their Consumer Duty report by the end of July: Review Existing Data: Look at client complaints data to identify […]
Staying Ahead of the Evolving Regulatory Landscape in Financial Advice
In the ever-evolving landscape of financial services, staying ahead of regulatory changes is not just a necessity but a strategic advantage. Recently, Jana Sivananthan, CRO at 7 IM shared his expertise with Andy Johnston, Board Adviser at Aveni, in a webinar that shed light on the current regulatory environment and its impact on wealth management […]
If it wasn’t recorded, it wasn’t said. Why capturing every client conversation matters
A number of recent, high profile cases , serves as a stark reminder of the importance of meticulous record-keeping for financial advisors. The Financial Conduct Authority (FCA) is penalising advice firms for failing to conduct “ongoing advice reviews” as mandated by regulations. This highlights a critical issue: without clear documentation of client interactions, advisers can […]
Webinar: AI 101: Understanding AI in FS
In this webinar, Aveni’s CEO, Joseph Twigg, Head of NLP, Iria Del Rio and Chief Client Officer, Robbie Homer-Plews, held a live Q&A bootcamp as a crash course in AI fundamentals in financial services. You can watch a replay of the session here. Full transcript below: Joseph: We’ve got Iria here. Iria is the brains […]
