AI fintech Aveni has secured £12 million in funding led by PXN Ventures, with support from Lloyds Banking Group and Nationwide, to develop its new product, Agent Assure, aimed at addressing regulatory concerns regarding AI governance. Founded in 2018, Aveni's existing AI solutions are already utilized by major UK financial institutions.
Aveni's new product, Agent Assure, aims to address regulatory concerns about AI governance by enabling firms to monitor and manage the conduct risk of AI agents alongside human interactions. This development represents a significant advancement in ensuring responsible AI usage in financial services, which could be critical for fintech professionals focusing on compliance and risk management in AI-driven environments.