The award-winning Avery platform now includes Fusion1—a
comprehensive suite of AI-enabled automated workflow tools to
increase the reliability and accuracy of RIA and Broker-Dealer
compliance and surveillance programs
MENLO
PARK, Calif., Aug. 27,
2024 /PRNewswire/ -- Surge Ventures, a FinTech
Venture Studio, proudly announced that its inaugural venture,
RegVerse, has expanded its Avery
platform by launching the Fusion1 product suite. This new add-on to
Avery provides wealth management
firms with a comprehensive suite of AI-enabled compliance and
surveillance tools, including audits, advertisement reviews,
attestations, code of ethics and more.
"Precision matters in compliance," said Sid Yenamandra, Co-Founder of Surge Ventures and
CEO of RegVerse. "We designed Fusion1 as an integral extension to
the innovative and award-winning Avery platform. Fusion1 simplifies the
compliance journeys of heavily regulated companies by offering them
a comprehensive solution that provides the perfect blend of
technology and human insight. Automation is the new standard for
compliance excellence, but the technology behind it must be
combined with the power of AI and hands-on expert guidance. That's
what we offer, along with streamlined operations, unparalleled
accuracy and unmatched efficiency. Just like Avery, Fusion1 provides a worry-free
experience for compliance professionals."
Where Automation Meets Expert Guidance
Fusion1 by RegVerse enhances the Avery platform by streamlining data and file
management on one platform through an easy upload that creates a
single hub for all compliance-related materials. Ensuring
adaptability and precision in meeting specific compliance needs is
key, and Fusion1's dynamic analytics and insights achieve this
using AI-powered suggestions. Real-time progress tracking
capabilities allow firms to monitor compliance progress, set up
alerts and tailored notifications and efficiently manage reporting.
Fusion1 simultaneously fosters seamless collaboration within
compliance teams through integrated workflow tools designed to
enhance communication, streamline approvals and ensure a cohesive
approach to compliance tasks, all while reducing bottlenecks.
Critical Features of Fusion1 by RegVerse Include:
- Automated Audits: Conduct thorough audits effortlessly,
saving time and ensuring accuracy.
- Attestations Made Easy: Simplify the attestation process
and gain real-time insights into compliance status.
- Code of Ethics System: Report personal trading, gifts
and entertainment, political contributions, outside business
activities, and more.
About Surge Ventures
Surge Ventures co-founds and invests in promising start-ups
using innovative technology to address rapidly intensifying data
and privacy needs across wealth management firms and other
financial services businesses. Consistent with the venture studio
model, Surge Ventures goes beyond providing investment capital and
strategic guidance to its portfolio companies. The firm leverages
its decades of technology expertise, best practices for bringing
nascent innovative products to market in the wealth management
space, customer acquisition, and deep operational knowledge to grow
multiple software companies from the ground up to serve as a
"shared services" backbone to its portfolio companies, offering
scalable operations, foundational technology building blocks,
demand generation, corporate finance, and enterprise sales support,
among other solutions.
The firm has developed a set of proprietary methods, known as
the "Surge Method," to rapidly test business ideas, detect early
signs of product-market fit, and track ongoing growth to de-risk
investments by focusing on only the most promising products and
solutions.
About RegVerse
RegVerse is a pioneering RegTech venture under the umbrella of
Surge Ventures, a FinTech Venture Studio. RegVerse's mission is to
empower financial firms with cutting-edge AI solutions, starting
with Avery, a Generative
AI-powered Regulatory Management Platform. With an initial focus on
regulatory change management excellence for wealth management
firms, RegVerse aims to revolutionize the regulatory landscape.
Media Contact:
Mitch
Manning
Haven Tower Group LLC
424 317 4858
mmanning@haventower.com
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SOURCE Surge Ventures