Aveni

Aveni

Information Technology & Services

Edinburgh, Scotland 13,215 followers

Spearheading the FS productivity revolution by fusing advanced AI with human ingenuity.

About us

AI built for Financial Services. Aveni is an award-winning AI FinTech company. Our platform seamlessly merges advanced, industry-specific AI with human expertise for enhanced performance. From automated admin support and quality assurance to performance assessment and Consumer Duty management, our AI assistant has been purpose-built to accelerate FS workflows.

Website
http://www.aveni.ai
Industry
Information Technology & Services
Company size
11-50 employees
Headquarters
Edinburgh, Scotland
Type
Privately Held
Founded
2018
Specialties
NLP, AI, Financial Advice, Human+, Fintech, Innovation, Regtech, generative AI, and Automation

Locations

Employees at Aveni

Updates

  • Aveni reposted this

    View profile for Emma van Dijkum, graphic

    I help Product Execs and Teams transform | Fractional CPO & Executive Coach | Ex-Funding Circle, Multiverse

    For the last few months I've been worked as a Fractional CPO with Aveni, Scotland's 2024 Fintech of the year. We're hiring Senior Product Managers in our mission to increase productivity in Financial Services with AI. I'm also looking for my full-time CPO replacement! If you've worked with AI products, B2B, have a background in Financial Services, and want a major part in rapidly scaling an exciting business, get in touch. It's really an incredible opportunity! #hiring #scaling

  • View organization page for Aveni, graphic

    13,215 followers

    ⚡ Power to more people—that is what EuroLLM—a multilingual large language model that supports all 24 official EU languages will offer 🌍 Aveni’s very own Dr Alexandra Birch was part of the The University of Edinburgh team working with UnbabelInstituto Superior Técnico and Université Paris-Saclay, to develop EuroLLM, which was trained on MareNostrum at the Barcelona Supercomputer. It delivers state of the art performance for medium sized models, with far less compute due to its high quality training data and recipe. Plus, because it’s completely open source, more people will have the power to experiment, test and build from it. Aveni has always been committed to finding accurate and transparent AI solutions, which can be developed for specific applications at a sector level – in our case Financial Services. We believe that this will bring the true power of efficiency, accuracy and enhanced productivity where it is really needed. Have a look for yourself: explore EuroLLM, and see what it can do. Thank you to our partners EuroHPC Joint Undertaking (EuroHPC JU) for making this possible!

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  • View organization page for Aveni, graphic

    13,215 followers

    Curious about what we do here at Aveni? 🤔 With our wealth of financial services experience and world-leading NLP expertise, we're creating cutting edge AI solutions specifically built for the financial services industry. Aveni can support every corner of your business, from automated admin and crafting suitability reports to complete risk and compliance coverage 📈 Financial advice is in the midst of transformation and our AI solutions are here to streamline the time-consuming processes so that human advisers can do what they do best: connect and achieve the best outcomes for their clients 👩💼 With support from Nationwide Building Society and Lloyds Banking Group, our Aveni Labs team is spearheading the FinLLM project, a financial services specific large language model. Built with financial industry data, terminology, and compliance at its core, FinLLM is set to be the gold standard for the controlled, responsible, and ethical adoption of generative AI 🌟 Find out more about what we do and how we can support you with the video below👇 #generativeAI #FutureOfFinance #ethics #FinancialAdvice #FinancialServices #FinLLM

  • View organization page for Aveni, graphic

    13,215 followers

    The advice gap isn’t going away, and it’s clear we need a fresh approach. Paul Feeney, chief executive of Shackleton, makes a great point in the FT Adviser recently: the traditional way of delivering advice just doesn’t work for people with smaller portfolios—it’s too expensive and too inefficient (see comments for full article). But what if tech could change that? Today, AI is being used to handle much of the time-consuming admin—compliance checks, fact-finds, report writing—so advisers can focus on giving the best advice to their clients. It means lower costs, more clients served, and advice that’s actually accessible to everyone, not just the wealthy. What do you think? How else can we make financial advice available to everyone who needs it? #FinancialAdvice #AdviceGap #FutureOfFinance

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  • View organization page for Aveni, graphic

    13,215 followers

    What’s the REAL opportunity for AI? Sure, it can handle the low-hanging fruit but what comes after that? 🍊 The answer lies in how AI transforms the way your wealth and advice firm → thinks → operates → scales Forget one-off projects. We’re talking AI totally embedded across your business so that it: 🖋️completely redefines the customer experience 🚀10x’s your risk management strategy and systems 🔎uncovers insights that were buried under a ton of complex data If you’re a financial services business that treats AI as part of your core strategy – not just something you chat about with your CTO once a month – you’ll be a leader amongst your peers over the next decade. So, what’s your next move? Time to think bigger. Build an AI strategy that scales. Transform every part of your business. Is AI a key pillar in your growth strategy? #generativeai #financialservices #adviser #wealthmanagement

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  • View organization page for Aveni, graphic

    13,215 followers

    Invisible risks. They’re sneaky little things. And no, we’re not talking about market volatility or inflation. We know how to handle those. We’re talking about risks that are baked into generic generative AI. They fly under the radar, hoping we won’t notice. Here’s what we mean: ❌AI biases you didn’t even know were there: That genAI assistant you're using to help automate your work? Could it be skewing results in favour of certain user groups over others without anyone realising it? 🔎Unintentional compliance gaps: Industry regulations change fast. Sometimes it’s a bit like running on a treadmill that keeps speeding up. Are you sure you're not missing anything critical? 👨💼Users falling through the cracks: It’s good that we’re embracing automation, but are we still listening? Are you sure the tech you’re using isn’t missing subtle signals that clients’ needs aren’t being fully met? Used responsibly, AI is a critical part of the solution. By using AI built for financial services that actively monitors, analyses and flags these risks, you’ll be able to catch them early before they impact your business. → Minimise bias → Ensure compliance → Protect clients So ask more of your AI, hold it to a higher standard and get your AI to dig deeper and review regularly but also ensure there's always a human touch. How are you managing your invisible risks? 👇

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Funding

Aveni 5 total rounds

Last Round

Series A

US$ 14.1M

See more info on crunchbase