Broadridge partners with Fligoo to deliver innovative predictive analytics to wealth management industry
By Pavithra R
Broadridge Financial Solutions, a provider of investor communications, technology-driven solutions, data and analytics to the financial services industry has announced partnering with Fligoo, an AI company, to develop a suite of proprietary predictive analytics software products for the wealth management industry.
The new software solutions are aimed to help banks and wealth management firms transform their business performance by harnessing data to accurately predict the needs of each client, creating a more personalized and customized client and investor experience.
Founded in 2013, Fligoo is an enterprise AI company that helps industry leaders boost their business performance. Fligoo Sharp AI Enterprise Suite software delivers exponential business value through state-of-the-art advanced analytics, monitoring, closed-loop feedback and decision science.
“We’re excited to leverage Broadridge’s extensive wealth management expertise, insights and data to develop software that can create genuine innovation in the wealth management industry. We have condensed the expertise acquired on hundreds of use cases in multiple industries into a product that has the power to augment the capacity/performance of advisors, firms and investors on a daily basis,” said Lucas Olmedo, CEO of Fligoo.
The first product in development under the collaboration with Broadridge will allow financial advisors to take a data-driven approach to optimize and enhance their relationship with investors, by offering personalized service and delivering in a manner and time preferred by clients. The companies anticipate that the hyper-personalization of investor needs will escalate both client satisfaction and asset growth for the long-term across the entire investor base.
“Investors expect advisors to understand their specific needs, and we are creating an end-to-end practice management solution with Fligoo that uses AI to enable financial advisors to anticipate investor needs at every moment of the investment life cycle. Together, we are creating an entire predictive analytics suite that will enable advisors to personalize and digitize their client engagements in a way that will deepen and broaden relationships in a more scalable manner,” said Michael Alexander, President of Wealth Management at Broadridge.
Broadridge and Fligoo plan to launch other additional AI-powered software products over the next year, delivering insights to wealth management firms and their advisors.
New York-based Broadridge Financial Solutions is a $4 billion FinTech leader. It provides investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. It is part of the S&P 500 Index and employs over 12,000 associates in 17 countries.
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