A social engagement platform that provides a secure platform for registered investment advisors to connect with their clients has added an extra element – artificial intelligence.
Fynancial, which says it is the ‘first private social financial platform for the wealth management industry’ enables advisors to use direct messaging rather than email. It is compliant with the SOC2 standard of cybersecurity compliance.
The platform is powering up its offering through a partnership with Artificial Intelligence Risk, Inc, a leader in AI governance, risk, compliance, and cybersecurity software. The integration of AI Risk’s proprietary AIR-GPT technology will provide a secure AI solution for advisors.
“Our partnership with AI Risk is a testament to our commitment to providing advisors with the most advanced and secure tools available,” said Patrick Parker, Chief Product Officer at Fynancial. “By incorporating AIR-GPT into our platform, we are enabling advisors to leverage the benefits of AI while adhering to strict regulatory requirements and giving their clients the best service possible.”
The solution is designed to streamline advisor workflow and productivity, bringing several other AI functions into a single platform. Among the evolving use cases for the AI solution are:
⦁ Pre-meeting Readouts: Consolidating client information into easily digestible summaries.
⦁ Audio Transcription: Transcribing client meetings, extracting action items, and generating meeting notes.
⦁ Predictive Responses: Providing AI-powered suggestions for client communications.
⦁ AI-Assisted Writing: Generating marketing content and client correspondence.
⦁ Sentiment Analysis: Assessing client sentiment across various communication channels.
“We are thrilled to partner with Fynancial to bring the power of AI to wealth management while maintaining the highest standards of security and compliance,” said Alec Crawford, founder and CEO of AI Risk. “By combining Fynancial’s robust platform with AIR-GPT’s advanced capabilities, we are empowering advisors to enhance efficiency, improve client experiences, and mitigate risks all while meeting anticipated SEC compliance rules around AI and cybersecurity.”
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