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In the ever-evolving world of finance, a US-based platform named Storyline has emerged, aiming to modernize communication within the wealth management sector. This innovative platform, which recently secured funding from FiveT Fintech and Point72 Ventures, is poised to revolutionize the way financial institutions engage with their clients.
Storyline's unique selling point lies in its AI-generated videos, designed to support client communication across the wealth management lifecycle. The platform is engineered to empower relationship managers, enabling them to deliver more impactful interactions in a compliant, video-first format.
The platform's deterministic AI prioritizes compliance, accuracy, and security, setting it apart from generative AI tools typically used in marketing. This focus on regulatory compliance is crucial in the financial industry, ensuring that all communications are suitable for the industry's stringent standards.
FiveT Fintech, a Zurich-based fintech company, led the first institutional funding round for Storyline, expressing their conviction that wealth management needs augmentation, not replacement. They believe that Storyline's mission to redefine how financial institutions engage clients aligns with this vision.
Storyline's API-first approach allows for rapid deployment, integrating seamlessly with existing systems. This means that financial institutions can adopt the platform with minimal disruption to their current operations.
With the support of FiveT Fintech, Storyline can accelerate its mission to redefine client engagement in the wealth management sector. The platform enables financial institutions to produce market updates, fund explainers, portfolio reviews, and proposals, all with built-in analytics, narration controls, and audit-ready workflows.
David Navama, Co-founder and CEO of Storyline, emphasizes the platform's role in bridging the gap between traditional and digital communications in wealth management. He believes that Storyline's approach will signal to the next generation of wealth management clients that their bank is ready to engage and communicate in a modern, client-friendly manner.
By transforming traditional reporting formats like PDFs, portfolio summaries, and performance updates into secure, compliant video "episodes" suitable for both desktop and mobile, Storyline aims to free time for relationship managers and provide timely, relevant updates in a format clients can revisit.
In addition, Storyline is designed to help private banking balance personalization with scale, a challenge that many financial institutions face in the digital age. By leveraging AI technology, Storyline can deliver personalized content at scale, ensuring that every client receives relevant and meaningful updates.
Financial institutions seeking ways to modernize their communications without losing the human element will find Storyline a valuable tool. The platform aims to enhance advisor-client connections, fostering a more engaging and interactive experience for all parties involved.
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