Fintech firm Aveni.ai has been selected by independent financial adviser, TFAS Wealth, to implement AI solutions across its service offering.

The investment in Aveni’s AI technology has been prioritised to help support quality assurance (QA) and compliance capabilities, as well as create significant efficiencies for advisers.

TFAS Wealth will deploy Aveni’s core products, Aveni Detect and Aveni Assist, to enhance adviser productivity and streamline compliance workflows with automated assurance, reducing a 90-minute QA assessment to approximately 15 minutes.

The tools will also remove the need for any manual note taking to free up more customer-facing time and will allow improved CRM administration with the ability to generate client suitability reports and post-meeting briefs within minutes of interactions taking place.

Group CEO TFAS Enterprises, SMF1 TFAS Wealth, Jeff Lange, commented: “By integrating Aveni’s AI solutions, we are not only streamlining our processes but also significantly enhancing the quality and efficiency of our services.

“This collaboration allows us to continue pushing the boundaries of what's possible in financial advice, ensuring that our clients receive the best possible support, tailored to their needs, while we maintain the highest standards of compliance and operational excellence.”

Aveni COO, Jamie Hunter, added: “The financial advice model is under increasing pressure to deliver more for customers, whilst clearly demonstrating a specific and data-driven approach to compliance and quality assurance.

“The strategic partnership between Aveni and TFAS Wealth with the deployment of our vertically-aligned automated compliance and workflow tools is expected to deliver transformational efficiencies across the whole value chain.”

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