Software company Intelliflo has announced a partnership to integrate artificial intelligence into its systems.
The firm's CEO Nick Eatock said a partnership with AI fintech company, Aveni.ai, will allow advisers to leverage the latest advancements in AI.
The partnership, announced today (June 4), will see generative AI integrated into Intelliflo systems.
Expected to be launched in the coming months, it is set to include an AI meeting assistant which would enable advisers to record customer meetings and make compliance and administrative checks more speedy.
Aveni.ai estimates advisers could save up to three hours per case.
Eatock, 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."
The companies said the data automation would reduce administrative burdens and give advisers more time to interact with clients
Joseph Twigg, CEO of Aveni added: “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."
tara.o'connor@ft.com
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