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TechTalk: Embracing Technology in Financial Services

By
Amy North

AI Integration in Financial Advising

Nearly three-quarters (72%) of advisers believe that integrating artificial intelligence (AI) into their processes will be crucial for their business, but the majority feel unprepared, according to Intelliflo. More than nine in 10 (95%) advisers cited a lack of required skill sets within their business as a major obstacle. Despite these challenges, 46% of firms are either already using AI or have plans to incorporate it into their operations in the near future, based on findings from Intelliflo’s Advice Efficiency Survey 2024.

Digitalisation Needs

A significant 57% of firms expressed a desire for more digitalisation, particularly around note-taking and extracting key information from meetings, to alleviate some of the administrative burdens on staff.

Read the full survey here: Intelliflo’s 2024 Advice Efficiency Survey.

Innovations from Intelliflo Innovate 2024

intelliflo has rolled out several exciting announcements at their Innovate 2024 event:

💡 Wealthlink:

Going live in early August 2024, Wealthlink will allow advisory firms to enter client details just once and seamlessly access all Intelliflo services. This innovation will streamline the client journey from discovery and cashflow modelling to investment and client portal use. Wealthlink will simplify paraplanners’ tasks by significantly reducing admin time and eliminating re-keying errors, allowing them to focus more on value-added activities.

💡 Partnership with Aveni : Integrating AI specifically designed for financial advice experts.

💡 Partnership with Money Alive: Intelliflo will leverage Money Alive’s technology to offer integrated financial services educational content tailored to your clients. This partnership will create personalised video learning modules that address each client’s unique financial goals, preferences, and life stages. The videos simplify complex financial concepts into easily digestible narratives, making it easier for clients to understand.

Saturn’s Public Launch

Saturn AI’s smart tech allows Financial Planners to focus on the conversation with clients, knowing that key updates, conversation topics, and actions will all be documented automatically. And that’s just the beginning; the team’s roadmap looks incredible! Saturn’s mission is not just about reducing inefficiency around data but transforming the client experience and driving down costs.

After eight months of serving 40+ firms of all sizes and understanding their pain points, Saturn launched publicly last month. Today, 0.57% of regulated UK financial advice conversations are powered by Saturn, and this is just the start. The We Complement team has been using Saturn and has been blown away by how much it can improve efficiencies. We cannot wait to see them take over. Stay tuned for more developments.

Discover more about Saturn here: Saturn.

We Complement’s Support Services

At We Complement, we offer tailored support to ensure your technology integration is seamless and effective. Give us a call to learn how we can help you leverage technology to enhance your financial advisory services.

 

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