FutureVault

Today marks a significant milestone for FutureVault as we officially announce the integration of Artificial Intelligence (AI) and Private Large Language Models (LLMs), ultimately powering the future of financial services and delivering a new value paradigm like never before. FutureVault was conceptualized with a view that the aggregation of critical documents when coupled with AI will ultimately change the face of financial services and advice for the better. While today’s announcement officially highlights the integration of private Large Language Models (LLMs) in the FutureVault platform, we have adopted and introduced Artificial Intelligence (AI) into the platform as early as 2016. In 2021, we were successfully granted our first of many patents from the United States Patent and Trademark Office (USPTO) for our AI-driven Auto-Filing capability, a proprietary capability leveraging Optical Character Recognition (OCR) and Artificial Intelligence to suggest optimal filing locations for documents. "By aggregating documents across all facets of clients’ lives – financial, health, education, etc., the power of a private LLM to gain a holistic view of a client’s life is powerful and differentiates FutureVault from other platforms that can only offer a siloed view of a person’s situation based on the limited information they contain.” — Daniel Kenny (FutureVault CEO) “Data within documents holds immense power, providing rich, contextualized information central to client and enterprise operations within Digital Vaults. Our use of AI and private LLMs enables a client-centric experience and enhances primary client relationships for institutions, enterprises, and front-office professionals.” — G. Scott Paterson (FutureVault Founder & Executive Chairman) Read the full press release to learn more about today's announcement: https://lnkd.in/gmG79DH8

By automating, aggregating, and centralizing critical firm-level documents (e.g., monthly statements, account opening documents, KYC forms, tax slips, trust documentation, performance reports, and so forth) alongside client-uploaded content—what we have coined as ‘Alpha Content’ (and referenced often by our CEO, Daniel Kenny) —FutureVault establishes critical automation and workflow for the back, middle, and front office functions, along with providing advisors with a comprehensive view of clients' overall financial life (and often other areas of their personal lives) to drive engagement and deliver better advice when it matters. At the core of the FutureVault value proposition lies our platform’s ability to serve as the single source of truth for enterprise, advisor, and client-facing documentation. This is where the true value of #AI is unlocked (and where it is currently untapped... until now). #DigitalVault #DigitalVaults #WealthTech #FinTech #AdvisorTech #FutureVault

By automating, aggregating, and centralizing critical firm-level documents (e.g., monthly statements, account opening documents, KYC forms, tax slips, trust documentation, performance reports, and so forth) alongside client-uploaded content—what we have coined as ‘Alpha Content’ (and referenced often by our CEO, Daniel Kenny) —FutureVault establishes critical automation and workflow for the back, middle, and front office functions, along with providing advisors with a comprehensive view of clients' overall financial life (and often other areas of their personal lives) to drive engagement and deliver better advice when it matters. Core to the FutureVault value proposition lies in our platform’s ability to serve as the single source of truth for enterprise, advisor, and client-facing documentation. And make no mistake — this is where the true value of AI and leveraging private LLMs can be unlocked (and where it is currently untapped). #AI #LLMs #Centralization #Aggregation #Automation #Workflow #DigitalVault #DigitalVaults #FinTech #WealthTech #AdvisorTech #AdviceTech #FutureVault

Core to FutureVault's value proposition lies in our platform’s ability to serve as the single source of truth for firms, advisors, and clients. By centralizing critical firm-level documents (e.g., monthly statements, account opening documents, KYC forms, tax slips, trust documentation, performance reports, and so forth) alongside client-uploaded content—what we have coined as ‘Alpha Content’—FutureVault provides firms with a comprehensive view of their overall front office operations along with clients' overall financial life (and often other areas of their personal lives). The sheer value of document aggregation cannot be understated. A recent Accenture report highlights that firms leveraging AI to analyze aggregated data experience up to a 30% improvement in operational efficiency and client satisfaction. FutureVault enables this by turning document data into insights that help clients and advisors make better-informed decisions. Let this sink in... According to a 2023 Gartner report, organizations that harness the power of document data can outperform competitors by up to 50% in terms of client retention and engagement. FutureVault’s AI-powered platform offers several advanced, out-of-the-box use cases that enhance both client and advisor experiences: Instant Document Summarization: AI can instantly summarize the contents of documents, providing advisors and clients with quick, actionable insights without having to read through complex contracts or agreements. Critical Data Extraction: AI can identify and extract key data points such as expiration dates, maturity dates, and critical terms, feeding them into automated reminder systems or integrating them with third-party platforms. Actionable Insights: The context of documents can be analyzed to generate personalized, actionable insights. For example, identifying investment opportunities based on the financial information contained within tax slips or statements. GPT-like Chat Capabilities: AI can allow advisors and clients to query the contents of documents in real-time through chat-like interfaces, making it easy to clarify details, explore options, or verify compliance instantly. The Future(Vault) is here. #FutureVault #AI #LLMs #DataExtraction #DigitalVault #DigitalVaults

Artificial Intelligence (AI) and private LLMs are revolutionizing the wealth management industry. When used in the right places and with the right context, AI can and will bring material benefits to enterprises, lines of business, firms, and advisors. Below are four (4) must-read, rich insights from our POV here at FutureVault on how we're thinking about and approaching all things AI. (1) Having a secure centralized repository to store, aggregate, and collect documents is critical for untapping the value in how LLMs and AI can extract and analyze data, drive automation, and deliver actionable insights; (2) Alpha Content, client-provided information and documents, is something Daniel Kenny speaks very often about, and is a major key to unlocking additional insight and enabling a comprehensive understanding of clients’ lives. Alpha Content is king; (3) Data within documents is infinitely more powerful than isolated, stand-alone data. Why? Documents provide proof, relevance, legitimacy, and arguably the most overlooked aspect, context. Context is everything; (4) Document aggregation combined with AI and private LLMs leads to deeper client relationships, more efficient operations, and a more personalized, client-centric approach to financial services. Let this sink in... according to Gartner, firms that harness the power of document data can outperform competitors by up to 50% in terms of client retention and engagement. In the video below, you can watch a quick 'teaser demo' highlighting a few of the many out-of-the-box AI/LLM capabilities in the platform. In addition to the out-of-the-box capabilities, our platform can offer and support customized AI workflows along with the ability to aggregate documents and vault insights rolled up to advisors, lines of business, and enterprises. #AI #LLMs #FinTech #AdviceTech #WealthTech #FutureVault #DigitalVault #DigitalVaults #DataExtraction #ArtificialIntelligence

Here are 5 rich insights from our POV here at FutureVault on how we're thinking about and approaching all things AI. + a 'mini demo' video highlighting a few of the many very cool out-of-the-box AI/LLM capabilities in the platform. And here we go... (1) Artificial Intelligence (AI) and private LLMs are revolutionizing the wealth management industry. AI isn't 'about to come', oh no... it is here and it's here to bring you to benefit you, not challenge you. (2) Having a secure centralized repository to store, aggregate, and collect documents is critical for untapping the value in how LLMs and AI can extract and analyze data, drive automation, and deliver actionable insights; (3) Alpha Content (client-provided information and documents), something Daniel Kenny speaks very often about, is a major key to unlocking additional insight and enabling a comprehensive understanding of clients’ lives. Alpha Content is king;   (4) Data within documents is infinitely more powerful than isolated, stand-alone data. Why? Documents provide proof, relevance, legitimacy, and arguably the most overlooked aspect, context. Context is everything; (5) Document aggregation combined with AI and private LLMs leads to deeper client relationships, more efficient operations, and a more personalized, client-centric approach to financial services. Let this sink in... according to Gartner, firms that harness the power of document data can outperform competitors by up to 50% in terms of client retention and engagement. Let me know what you think (of the 5 insights above... and the demo teaser below). #AI #LLMs #DigitalVault #DigitalVaults #DataExtraction #FinTech #WealthTech #AdviceTech #FutureVault

FutureVault was conceptualized with the view that the aggregation of critical documents when coupled with AI will ultimately change the face of financial services and advice for the better. Data within documents holds immense power—more than raw data alone. This rich contextualized information is the key to transforming wealth management by enhancing client relationships, improving operational efficiency, augmenting back and front office workflow, and delivering personalized client experiences. Core to the FutureVault platform is serving as a single source of truth for both firms and clients. By centralizing critical firm-level documents (e.g., monthly statements, account opening documents, KYC forms, tax slips, trust documentation, performance reports, and so forth) alongside client-uploaded content—what we have coined as ‘Alpha Content’—FutureVault provides firms with a comprehensive view of their overall front office operations along with their clients' overall financial life (and often other areas of their life). A recent Accenture report highlighted that firms leveraging AI to analyze aggregated data experience up to a 30% improvement in operational efficiency and client satisfaction. And this is only the tip of the iceberg from what we are beginning to see and play out in real time. #AI #LLMs #Insights #WealthTech #AdviceTech #AdvisorTech #FinTech #DigitalVault #DigitalVaults #FutureVault

The financial advisor of the future will look more like an integrated life/wealth coach who advises clients on investments, banking, healthcare, protection, taxes, estate, and financial wellness needs more broadly (according to reports published by McKinsey & Company analysts). AI-Powered Digital Vaults (FutureVault) are powering and positioning firms and advisors to become the most trusted partners in clients' lives. Read the full article to gain more insight and level up your firm's service model and client value proposition. #WealthTech #FinTech #AdvisorTech #AdviceTech #ClientLifeManagement #DigitalVault #FutureVault #AI

Harness the power of AI with the Privacy, Security, and Efficiency of a Client-Centric Digital Vault. From generating document summaries and extracting critical dates (such as expiration or maturity dates) to providing contextualized actionable insights and bespoke workflow, FutureVault is helping firms and advisors gain massive time savings, 360 intelligence, and ultimately drive deeper primary relationships to become the most trusted partner in clients' lives. Reach out to our team to learn more about our AI and Private LLM capabilities and how FutureVault is bringing massive value to the table for the enterprise, advisors, and for clients. #AI #ArtificialIntelligence #LLMs #DigitalVault #DigitalVaults #FinTech #WealthTech #AdvisorTech #FutureVault

FutureVault is headed to Future Proof! Daniel Kenny (FutureVault CEO) and Kristian Borghesan (FutureVault CMO) will be representing FutureVault at this year's Future Proof Festival in sunny Huntington Beach CA! If you're headed to this year's Future Proof Festival, be sure to connect with Daniel and Kristian to learn more about FutureVault's latest and greatest... including our new AI and Private LLM capabilities bringing even more efficiency, client engagement, workflow, and time-saving opportunities to the table. See you in Huntington Beach 🌴☀️ #AdvisorTech #WealthTech #FinTech #AI #Innovation #DigitalVault #FutureProof #FutureVault