#Japan #Chiyoda #Smart Plus #Finatext Group #AI Sales Assist

Smart Plus Launches Special Plan for Finatext AI Sales Assist

Smart Plus, a fintech company based in Chiyoda, Tokyo, has recently announced the launch of a special plan for its IFAs (Independent Financial Advisors). This plan focuses on their innovative product, "Finatext AI Sales Assist -AI Compliance Check-", designed to enhance compliance and operational efficiency within the financial advisory space.

Background and Objectives

The financial industry is experiencing mounting pressure to operate with a client-first mindset, as accountability and transparency become paramount in dealings. Among the challenges faced is the obfuscation often found in face-to-face meetings between financial advisors and clients. This necessitates mechanisms that objectively assess whether appropriate information is relayed and whether the client’s intentions are accurately understood.

Through their platform, the Digital Wealth Manager (DWM), Smart Plus has established a robust environment that allows IFA firms to offer comprehensive securities services, such as discretionary investment services and bond trading under their own brands. To further support these financial advisors, Smart Plus has collaborated with its partners at Finatext Group and Nowcast to provide a tailored plan for Finatext AI Sales Assist, aimed exclusively at their IFAs.

Overview of Finatext AI Sales Assist -AI Compliance Check-

The Finatext AI Sales Assist -AI Compliance Check- acts as a cutting-edge tool for analyzing recorded client meetings. Utilizing generative AI, it automates the detection of compliance risks and crucial omissions. Here are its key features:

• - Recording Face-to-Face Meetings: Sales representatives can record their interactions with clients, preserving these discussions as data for future reference.
• - Automatic Transcription: Recorded audio is effortlessly converted into text, significantly reducing the workload associated with documenting meetings.
• - Sectioning and Compliance Alerts: Meetings are divided into segments, and the tool issues alerts for any content likely to breach regulations. Clients can customize the checklist based on specific compliance manuals and rules pertaining to their industry.
• - Targeted Review: Users can isolate alerts to listen only to subsets of recorded meetings, enhancing efficiency for compliance officers, who can quickly locate and review potentially problematic dialogue without needing to review entire recordings.

This advanced tool has already been actively used by several financial institutions, confirming its practical effectiveness in field operations.

Special Pricing for IFAs

The Finatext AI Sales Assist -AI Compliance Check- will be made available to affiliated IFAs at a preferential price. For specifics about pricing and further inquiries, interested parties are encouraged to reach out directly.

Future Prospects

Smart Plus remains dedicated to advancing IFA business support through this initial offering. In the future, plans are in place to extend the availability of the Finatext AI Sales Assist -AI Compliance Check- to non-affiliated firms, ultimately contributing to a stronger compliance structure throughout the financial sector.

Inquiries

Financial advisors seeking more information can visit our contact page: IFA Contact Form

About Finatext Group and Smart Plus Inc.

Finatext Group’s mission is to "reinvent finance as a service" through the provision of next-generation financial infrastructure aimed at embedding financial services within various sectors. They strive to re-evaluate the ideal state of financial services from the user's perspective, collaborating with partner firms to develop innovative offerings. Smart Plus, as a principal entity of this group, specializes in securities business platforms and is instrumental in shaping the future of embedded financial services.

Additional Information on Smart Plus

• - Company Name: Smart Plus Inc.
• - License: Kanto Finance Bureau License No. 3031
• - Founded: March 2017
• - Location: 1-8-10 Kudankita, Chiyoda, Tokyo
• - Website: Smart Plus Official Site

Smart Plus Inc. is a member of several professional organizations including the Japan Securities Dealers Association and the Japan Investment Advisory Association.