Aventur joins FCA’s Supercharged Sandbox to pioneer AI innovation within the industry
Financial wellbeing platform Aventur, which is utilising AI in order to close the UK's advice gap, has been selected to join the
Financial Conduct Authority’s (FCA)new Supercharged Sandbox - the initiative aiming to accelerate responsible AI innovation across the financial services industry
Aventur will use its Sandbox participation to demonstrate how AI can deliver compliant and explainable financial guidance for consumer groups to help millions access better financial support without the cost barriers of traditional advice, as well as operationalise the FCA’s targeted support framework and help firms deliver compliant, explainable “ready-made suggestions” for consumer cohorts.
Leveraging infrastructure from NayaOne and NVIDIA’s AI Enterprise, Aventur will also explore how explainable, trustworthy AI can deliver better financial outcomes for both individuals and institutions, all within FCA regulatory boundaries.
— Stacey Body, Co-Founder and CEO of Aventur.
Aventur’s strategy is to support both consumers and financial institutions, with it's direct-to-consumer platform empowering users to model financial scenarios and improve their wellbeing, while it's institutional solution enables firms to meet Consumer Duty obligations efficiently and consistently, at scale.
— Thomas Young, Co-Founder and CEO of Aventur.
Inclusion within the Sandbox is a significant step for the company, and positions it to offer targeted support through it's use of AI, and to assist with the FCA’s broader continuum of support vision for the UK’s advice market.