Our latest collaboration with FutureVault has centered around enabling their vision of an AI-powered platform that provides unparalleled value to enterprises, advisors, and clients. Leveraging our expertise in developing secure, scalable software solutions, we worked alongside FutureVault to integrate advanced AI and private LLMs into their Digital Vault Platform, bringing to life a new paradigm of efficiency and security in the financial services sector.
FutureVault’s AI and LLM features reduce the administrative load on financial advisors and back-office staff, enabling them to focus on high-value tasks while AI handles routine document processing and task creation.
“McKinsey reported that AI technologies could potentially deliver up to $1 trillion in additional value for the global banking industry annually.”
By the Numbers
Already we are seeing excellent results in the financial services space with the use of AI and LLMs.
- Intuit’s AI-driven tax solution helped customers save an estimated $2 billion in tax payments in 2020.
- AI audits at PwC allow for a 70% faster review process while identifying more anomalies than human auditors alone could detect.
- According to McKinsey, banks that use AI in risk assessment processes have reduced loan defaults by as much as 35%.
- AI reduced the average HSBC customer handling time by 40% and improved overall customer satisfaction by 20%
- JP Morgan Chase’s COiN platform reduced the time it took to review 12,000 commercial credit agreements from 360,000 hours to a matter of seconds.
Key Enhancements Delivered
- Advanced AI & Private LLM Integration: FutureVault’s integration of private LLMs allows their platform to generate contextualized document summaries, extract key information such as maturity dates, and provide actionable insights directly from the documents stored in the vault. Our team worked on streamlining the data processing pipelines to ensure these capabilities work seamlessly, delivering real-time insights for users.
- Enhanced Document Management and Workflow Automation: By incorporating AI-powered Optical Character Recognition (OCR) technology, the platform can extract both structured and unstructured data from documents. This data is then used to trigger automated workflows, creating tasks or notifications that seamlessly integrate into CRM systems. Agilno played a pivotal role in ensuring that the workflow automation and document processing were efficient and secure, improving the overall user experience for FutureVault’s enterprise clients.
- Actionable Insights for Advisors: One of the standout features of FutureVault’s platform is its ability to provide financial advisors with prioritized insights and key action items from client documents. These insights generate reminders and tasks, enabling advisors to offer more timely and relevant advice. Our development efforts focused on ensuring the scalability of this feature, allowing advisors to handle large volumes of data across multiple clients.
- Operational Efficiency through Proprietary Solutions: FutureVault’s AI-driven solutions optimize operations for enterprises, advisors, and front-office professionals. By helping to develop these proprietary tools, we enabled enterprises to enhance data governance, automate manual tasks, and significantly reduce operational costs.
Shaping the Future of Financial Services Together
Working with FutureVault to integrate AI and private LLMs into their Digital Vault Platform has been an exciting journey for Agilno. The platform is now more than just a secure document management system—it is an intelligent assistant that helps enterprises and advisors uncover valuable insights, optimize workflows, and engage with clients in more meaningful ways.
FutureVault’s commitment to innovation, combined with Agilno’s technical expertise, has resulted in a platform that offers a new level of value to financial institutions, transforming how they manage critical documents and engage with their clients.
