Artificial Intelligence Risk (AI Risk), a provider of AI governance, risk, compliance, and cybersecurity (AI GRCC) software, has announced a partnership with Fynancial, a social financial platform in the wealth management sector.
This collaboration will see Fynancial integrating AI Risk’s proprietary AIR-GPT technology into its platform, offering advisors a secure and advanced AI-powered solution.
AI Risk founder and CEO Alec Crawford said: “We are thrilled to partner with Fynancial to bring the power of AI to wealth management while maintaining the highest standards of security and compliance.
“By combining Fynancial’s robust platform with AIR-GPT’s advanced capabilities, we are empowering advisors to enhance efficiency, improve client experiences, and mitigate risks all while meeting anticipated SEC compliance rules around AI and cybersecurity.”
The AIR-GPT technology provides a range of AI-driven features aimed at streamlining advisor workflows and increasing productivity.
These features include pre-meeting readouts that summarise client information into easily digestible formats. They also offer audio transcription for transcribing client meetings, extracting action items, and producing meeting notes.
Predictive responses provide AI-powered suggestions for client communications. AI-assisted writing aids in the creation of marketing content and client correspondence. Additionally, sentiment analysis evaluates client sentiment across various communication channels.
Fynancial chief product officer Patrick Parker said: “Our partnership with AI Risk is a testament to our commitment to providing advisors with the most advanced and secure tools available. By incorporating AIR-GPT into our platform, we are enabling advisors to leverage the benefits of AI while adhering to strict regulatory requirements and delivering exceptional service to their clients.”
In addition to the AIR-GPT integration, AI Risk has recently introduced the capability for companies to develop no-code AI agents that can connect to SQL databases and any internal or external APIs. For instance, AIR-GPT can integrate with Outlook, Zoom, Teams, Hubspot, and other popular CRMs, effectively transforming the AI into a command centre for financial advisors and other professionals.
As regulatory frameworks such as the SEC Predictive Analytics and Investment Manager Security Cyber Security Rules progress, AI Risk, Inc. provides tools to ensure advisors remain compliant and secure in their use of AI.
The company also offers bespoke software solutions for “AI SEC compliance as a service” and “AI cybersecurity as a service,” catering to the needs of large and complex organisations.
