The Lang Cat and Avenir have teamed up to support financial-advice firms with more efficient reporting.
It will cut reporting times down from “hours to minutes” and “transform the way financial advisers work”, according to the two firms.
Avenir, a leader in AI-driven financial reporting, will help The Lang Cat to achieve this through its reg-tech Analyser software.
Analyser is a platform and MPS comparison solution developed to provide advice firms with independent, robust and repeatable due diligence and client reporting.
It helps ensure they make the best decisions for customers and comply with the demands of the regulator.
The partnership combines Avenir’s platform with Analyser’s insights and analytics to automate data and streamline reporting, saving time and improving accuracy.
With this integration, financial advisers can generate precise suitability reports to meet the FCA’s Consumer Duty standards, helping firms to gain time while demonstrating their added value, mitigate risk and focus on delivering client-centric outcomes.
“We’re excited to partner with The Lang Cat and Analyser to transform the way financial advisers work,” said Avenir CEO Jeremy Bensoussan.
“By automating tasks like data extraction from documents, including The Lang Cat’s own reports, we cut reporting time from hours to minutes, enabling advisers to focus more on serving clients and ensuring Consumer Duty compliance.”
For compliance-focused firms, partnering with Avenir was an obvious choice,” said The Lang Cat’s digital director, Terry Huddart.
“Our due-diligence solution provides advisers with an efficient way of choosing the right platforms and products for each client.
“It’s been built to deliver professional, robust and repeatable reporting, while Avenir streamlines the process, both saving valuable time and supporting Consumer Duty compliance.”
Avenir chief commercial officer, Andrea MacDonald, added: “This partnership is a significant step in advancing our mission to streamline workflows for advisers.
“By expanding our presence in the ecosystem, we’re reducing operational burdens, improving accuracy and ultimately helping advisers deliver better outcomes for their clients. We’re excited about the impact this will have on the industry.”
The new integrated solution is available now.
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