Aveni.ai has appointed investment heavyweight Colin Clark as chairman of its newly formed board of directors.
The Scottish company has made the appointment following a £2.75m funding round – led by The TRICAPITAL Syndicate LLP and Par Equity backed by Scottish Enterprise – to increase market share in the financial services sector.
Aveni says their conversational intelligence technology is set to bring a new level of speech automation to regulated industries. Its Detect platform uses natural language processing to monitor every customer interaction.
This gives businesses a better level of understanding of their customers and outcomes, and puts data-driven technology at the heart of their operating model and ensures greater regulatory compliance.
Clarke’s 40-year career in asset and wealth management at SG Warburg, Mercury Asset Management and Merrill Lynch culminated in his role as chief executive at Standard Life plc.
Since 2018, he has held a number of significant non-executive roles in the financial services industry, including Chairman of AXA Investment Managers UK, Senior Independent Director of Rathbones Plc and Chairman of The Merchants Trust.
The 25-year-old scientist and entrepreneur aims to improve the lives of millions of people
“I knew [CEO] Joseph [Twigg] from his previous investment roles and have always been impressed by his energy and desire to find solutions,” Clark said. “I have followed Aveni closely since its inception in 2018, so I was delighted to take on this role.
“The business has significant potential to scale and so far has done very well to focus on bringing in great people to develop a product that is truly solution-focused for the financial services industry and regulatory needs.
“We will continue this as we build the board – bringing in the right mix of experience, skills and diverse thinking to help the business thrive and expand.”
Twigg added: “Colin brings the essential combination of executive and non-executive experience Aveni needs to move into its next phase of strategic growth. His deep-rooted investment experience, strategic approach and honest insight will be critical to help us address challenges and challengers, and identify new opportunities for market expansion.
“Colin shares our vision of building a team of the best people to develop best-in-class technology that addresses real-world needs to save time and money and improve customer service. We are delighted and proud to have him as our chairman and look forward to working with him to make a real impact.”
