Software provider intellifo has partnered with AI fintech group Aveni to integrate generative artificial intelligence into its systems.
Over the coming months, Aveni will work towards embedding its product suite into Intelliflo office for all customers, offering a tailored solution for financial advice.
Aveni’s AI meeting assistant means advisers will be able to record customer meetings, conduct compliance and carry out administrative checks significantly faster. Aveni said this single source of data automation will lead to a significant reduction in administrative burdens, saving advisers up to three hours per case.
Nick Eatock, CEO at Intelliflo (pictured), said: “Thanks to our integrated partnership with Aveni, our customers will have the opportunity to leverage the latest advancements in AI and technology to streamline processes and deliver enhanced value. We’re always pleased to collaborate with companies like Aveni who share our vision for the future of financial advice, driven by innovation, intuitive design, and client-centricity.”
The duo said the integration would allow advisers to focus more on clients, as well as address industry-specific challenges including improving customer risk assurance and aligning with the FCA’s Consumer Duty regulations.
Joseph Twigg, CEO of Aveni, commented: “The financial advice industry is about to embark on the most substantial change in a generation. Both the way in which advice is delivered to customers and the economics of the industry will be transformed through the implementation of Artificial Intelligence. intelliflo and Aveni align behind a clear vision and commitment to introduce the power of generative AI across the advice workflow, in a clear, responsible manner. Our strategic roadmap makes generative AI available to all intelliflo customers.”
