FEIFA (Federation of European IFAs) has unveiled a formal affiliation with Saturn Fintech Ltd (Saturn).
FEIFA CEO Paul Stanfield said: “Saturn is an AI-powered operating system designed to unlock efficiency across Financial Services.
“It specialises in automating key tasks such as meeting note transcription and reporting, providing an automated compliance oversight function, and integrating different systems together to ensure accuracy and regulatory adherence.
“It is thus a very natural affiliation for us to embark on, as most if not all of our member firms are looking to harness technology to advance their businesses.”
The relationship with FEIFA will be headed up by Tom Hind, commercial lead at Saturn.
“We already work with over 250 firms globally to deliver efficiency and increase the capacity of businesses to provide value to their clients,” Hind confirmed. “Partnering with FEIFA was a natural development for us, a means of expanding our services to English-speaking advisers across Europe to drive efficiency in their businesses.
“Having already engaged with some European players, we are eager to deepen our understanding of the European market and foster new partnerships within the FEIFA membership. At Saturn, we believe that our platform can bridge the gap between investment management and financial advice through seamless data integration, enabling closer collaboration between both sides of the industry.
“We are excited about the potential to contribute to the future of financial advice in Europe and are confident that our technology can bring meaningful improvements to advisers’ workflows and client service.”
FEIFA is a non-profit trade association and has partnerships with a wide range of companies, including all the relevant international life companies, major asset managers and DFMs, investment platforms, and key international pension and trust companies.
The Federation’s member companies advise on cumulative assets in excess of €14bn. They are English-speaking advisory businesses, active across Europe.
