Fintech business Aveni has rolled out launched Aveni Assist, an AI admin assistant for the financial advice market.
Aveni Assist supports advisers with writing investment reports, auto-populating CRM systems, creating tailored customer emails and with compliance checks.
The fintech firm said that the platform cuts admin time from hours to minutes.
Joseph Twigg, chief executive at Aveni, said: “The advice side of the financial-services sector has been slow to adopt technology over the years, resulting in highly manual processes and high costs.
“Recent approaches to tackle the advice gap with technology have largely failed, with the prime example being robo advice.
“Consumers want to speak to people when making important financial decisions. Aveni Assist has been designed to almost completely eliminate advisers’ administration time, allowing them to have more direct client conversations.”
