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TLDR:
Short article featuring an interview with Joseph Twigg, CEO of Aveni, an Edinburgh-based regtech firm specializing in AI-driven risk assurance solutions. Twigg discusses the purpose of Aveni, recent achievements, entry into the fintech industry, the future of the company, and the challenges faced by the industry as a whole.
In an interview with The Fintech Times, Joseph Twigg, CEO of Aveni, discusses the company’s unique combination of deep financial services (FS) knowledge and world-leading natural language processing (NLP) expertise. Aveni specializes in AI-driven risk assurance solutions for financial service providers, aiming to make their operations more efficient and reduce costs.
Some key points from the interview include:
– Joseph Twigg founded Aveni in 2018, bringing together his 15 years of experience in the investment industry with Dr. Lexi Birch, a professor at the University of Edinburgh and an expert in multilingual NLP. Together, they developed AI products to address the challenges faced by financial services.
– Aveni’s recent achievements include the development and launch of the Aveni Assist platform, which automates administrative tasks for financial advisors, and partnership agreements with major names in financial advice, banking, and asset management.
– Twigg entered the fintech industry after working in UK financial services for 15 years and recognizing the industry’s outdated processes and underserved demand. He saw an opportunity to make a difference and bring something innovative to the sector.
– Twigg’s previous roles, such as head of strategy at a global investment firm, have influenced his career by providing valuable experience in growing businesses internationally.
– Aveni’s future plans involve making customer announcements, raising more investment, and expanding the team’s expertise in financial services and AI. They will also focus on developing their platform and launching new functionality to support productivity gains.
– The challenges for the industry as a whole include making AI easier to adopt and more trusted, especially in the heavily regulated financial services sector. Twigg emphasizes the importance of developing industry-specific models and seeking expert advice to ensure the accuracy and specificity of AI solutions.
Overall, this article highlights Aveni’s role in using AI and NLP to revolutionize the financial services industry and the insights of its CEO, Joseph Twigg, into the company’s mission and future prospects.
