Software solution firm Finantix launched a collection of engines, tools and data structures to inject Artificial Intelligence into wealth management platforms.
The technology firm claims its new service will bring tangible benefits by automating tasks, distilling intelligence, supporting decisions and enforcing compliance for wealth managers, private banks and even robo-advisers.
The main areas initially addressed by Finantix AI Gears for Wealth (Finantix AI) are: lead generation, automated client profiling and know your client (KYC), portfolio and financial planning optimisation, suitability and cross border rule enforcement, next best action determination, news tagging and content personalisation.
The AI Effect
Finantix AI has been specifically designed to slot easily into any legacy or digital wealth management platform thanks to an application programming interface (API) oriented and configurable architecture.
«Over many years, Finantix components have been used to support advice and customer self-servicing for leading private banks and wealth managers worldwide,» said Alessandro Tonchia, director and co-founder of Finantix.
To support its roll out Finantix is organising a series of events in Singapore, Zurich and Tokyo to discuss how AI will affect wealth management and the benefits it can bring.
