Aveni

Aveni is an Edinburgh-based RegTech company that specializes in developing AI-powered solutions for the financial services sector. The company's core offerings include Aveni Detect and Aveni Assist, which leverage advanced Natural Language Processing (NLP) and generative AI technologies to enhance risk assurance, compliance, and productivity in financial advisory services. Aveni Detect focuses on automating quality assurance processes, analyzing 100% of customer interactions to identify risks, improve agent performance, and ensure regulatory compliance. The system can assess calls, automatically select high-risk interactions for human review, and provide rapid navigation through call attributes. Aveni Assist, launched in June 2023, is a GPT-powered AI assistant designed to boost productivity for wealth and financial advisers. It can perform tasks such as attending meetings, writing investment reports, auto-populating CRM systems, creating tailored customer emails, and conducting instant compliance checks. As of June 2023, Aveni claimed that Aveni Assist could enhance adviser productivity by up to three times, reducing administrative tasks from hours to minutes. In July 2024, Aveni announced plans to develop FinLLM, a financial services-specific large language model, aimed at setting new standards for transparent, responsible, and ethical adoption of generative AI in the UK financial services sector.

Key customers and partnerships

Aveni has established partnerships with major financial institutions in the UK. In July 2024, the company announced collaborations with Lloyds Banking Group and Nationwide to develop FinLLM. These partnerships aim to drive the adoption of AI in financial services while ensuring transparency, trust, and accuracy in AI applications specific to the industry.