Fairer treatment of vulnerable customers using a Machine Line of Defence™
Better recognise, record and respond to your vulnerable customers
Consumer Duty: The Chief Risk Officer Survey Results
Find out from +80 Senior Risk & Compliance Executives what their Consumer Duty vulnerable customer priorities and plans are and how yours stack up.
Automatic machine assessment of every customer interaction
Meet the FCA’s guidance on the Fair Treatment of Vulnerable Customers with our AI-driven ‘Machine Line of Defence’. Identify vulnerability risks and get a true understanding of vulnerable customers and their outcomes.
Powering deeper insight and efficiency across the board
To meet vulnerable customer requirements, organisations will need significantly more coverage and deeper call analysis. Aveni Detect monitors every customer interaction to ensure regulatory compliance by more accurately identifying vulnerable customers, and providing a better understanding of them over time, and at scale.
Auto QA assessment Human-informed automation at its best
Aveni is the only speech-driven solution on the market that focuses exclusively on machine automation of the QA process using your company’s specific QA forms and terminology. Auto QA of all your customer interactions means you can get the coverage you need to meet vulnerable customer requirements, boost efficiency, enhance executive oversight, improve complaints handling and much more.
Aveni's platform has embedded the FCA’s guidance on the fair treatment of vulnerable customers
Identifying vulnerable customers
Our vulnerability models have been developed according to the FCA’s FG21/1 framework. Achieve accurate and automated identification of vulnerable customers. Better understand how your vulnerable customers are treated at a population level.
Understand vulnerable customers’ needs
Get a deeper understanding of all your customer vulnerability needs across all interactions and use detailed insight to drive product and service development.
Up-skill agents to identify and serve vulnerable customers
Train staff to better manage customers in vulnerable circumstances. Create a live feedback loop between performance and training to drive more engaging coaching opportunities.
Continuous and consistent fair treatment
Achieving consistency with large customer teams is challenging. With accurate oversight of all vulnerabilities you can identify and address any shortfalls or inconsistencies in customer treatment.
Demonstrating you’re monitoring and analysing the data
Gain insight across populations to test high interest calls and assess appropriate handling. Identify trends, ensure a rapid response to vulnerability issues and have Management Information and evidence in place for the regulator.
Real time measures to ensure fair treatment
We can flag to agents, in-call, where vulnerabilities emerge, and to supervisors when critical issues are discussed. This represents a fundamental shift from second line detection, to first line prevention.
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As we progress into the new year, it’s important for Chief Risk Officers (CROs) to keep an eye on the latest RegTech trends. By adopting