Aveni.ai, an AI fintech company, and intelliflo, have partnered to integrate generative AI in a financial advice workflow and compliance solution.

Aveni is working towards embedding its product suite into intelliflo office for all customers in the coming months, offering a tailored solution for financial advice.

With Aveni’s AI meeting assistant, advisers will soon be able to record 100% of customer meetings, conduct compliance and administrative checks faster, with Aveni.ai estimating it could save up to three hours per case.

Designed with the financial services sector in mind, the firms claims the systems and technology address industry-specific challenges, including improving customer risk assurance and aligning with the FCA’s ‘data-first’ approach and Consumer Duty regulations.

Nick Eatock, CEO at intelliflo, 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.”

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. Our strategic roadmap makes generative AI available to all intelliflo customers.”