London, UK – October 2023 – Finley AI a leading provider in conversational #generativeAI solutions for personal finance, is pleased to announce its partnership with the Consumer Duty Alliance. This collaboration aims to bring about positive changes in the financial services industry.
As a testament to our commitment to raising financial industry standards and ensuring the well-being of financial services consumers, Finley AI has joined the esteemed ranks of the Consumer Duty Alliance as an affiliate member. This affiliation comes at a crucial juncture, with financial firms under the immense pressure to safeguard their customers and meet regulatory requirements.
The Consumer Duty Alliance, consisting of key industry players such as Legal & General, Quilter, and The London Institute of Banking & Finance’s dedicated to promoting a comprehensive understanding of the Consumer Duty, identifying collaboration opportunities, and driving higher standards within the sector. Finley AI’s partnership with the Consumer Duty Alliance is a testament to our commitment to supporting financial institutions in meeting their Consumer Duty obligations effectively.
Finley AI offers a suite of advanced privacy-focused conversational generative AI tools tailored specifically for #personalfinance. One of our notable solutions, FinleyGPT, is one of the first personal finance large language model (LLM) and #personalfinancialAI powered by generative AI. Designed to emulate human-like conversations with a focus on accuracy, transparency, and trustworthiness, FinleyGPT is set to revolutionise customer interactions in the financial industry.
Elemi Atigolo, Co-Founder of Finley AI, highlights the uniqueness of Finley AI’s solutions, stating, “What’s unique about Finley AI’s suite of privacy-focused #conversationalAI solutions is that they have been all specifically designed and purpose-built for personal finance and #financialguidance – which means using generative AI is more accurate, safe, and intuitive while delivering #ChatGPT-like conversational experiences, but with voice and chat capabilities.”
By partnering with Finley AI, financial services companies, wealth management firms, banks, and enterprises can harness the incredible power of generative AI either through Finley AI’s own specialised large language model (FinleyGPT), its dedicated FinleyAI Chat API service, or Finley AI Partner landing pages to provide empathetic and efficient financial guidance interactions to their customers on a large scale.
FinleyAI Chat – The friendly and unbiased personal financial AI, is our first generative AI application, designed to streamline the deployment of conversational personal financial assistants for employees and customers, reducing costs and meeting the growing demand for digital, on-demand services.
Ashlea Atigolo, Co-Founder of Finley AI, emphasises the importance of this collaboration, stating, “We created Finley AI because as former professionals in the finance industry, turned AI developers and experts. We know that financial firms can realise tremendous growth and performance benefits from AI specifically, generative AI – but they need to do so with deep consideration for compliance, accuracy, safety, and ethical responsibility. The only way to achieve this is through specialised training, additional security processes, guardrails, and data-privacy measures from providers that are experts in both the finance and AI industry.”
This partnership between INATIGO, Finley AI and the Consumer Duty Alliance marks a significant step forward in ensuring customers are placed at the heart of the financial services industry. With the upcoming regulatory changes, Finley AI’s innovative solutions will support financial firms in meeting their obligations efficiently.