Imagine a financial planning tool that truly understands you, not just your plain numbers. At Envizage, we’re making this a reality by putting Artificial Intelligence (AI) at the heart of our approach. We believe AI can make financial planning more accessible, engaging, and ultimately more effective for everyone.
Our innovative engine uses AI in two key ways: first, to understand your unique financial situation through natural conversation, and second, to explain complex financial forecasts in a way that’s easy to grasp.
Forget tedious forms. Envizage uses AI to have a dialogue with you, allowing you to describe your financial life and goals in your own words. Our intelligent system employs dynamic prompts to extract the crucial information from your text. This includes everything from your age and occupation to your aspirations, like buying a home, and the details of your income, assets, and debts. This ability to understand free text is available in multiple languages, making it user-friendly for a diverse audience. This AI-powered dialogue makes inputting your financial information more engaging for clients . Furthermore, by using AI to guide the conversation, we can ensure that we gather high-quality and comprehensive data, leading to richer and more accurate forecasts .
Once we have a complete picture of your finances, our engine uses a rules-based approach that is easy to audit and understand to project potential future outcomes. But the power of AI doesn’t stop there. After running these simulations, Envizage uses another layer of AI to explain the results to you in plain English. Our multi-modal model takes the complex data from the simulations and, using smart prompts, translates it into clear explanations of your cash flow, net wealth, and overall financial trajectory over time. This makes it easier for you to understand the potential risks and opportunities that lie ahead. In fact, using AI to explain these results can help highlight potential risks or shortcomings in your current financial structure that you might not have been aware of . This engaging way of explaining complex information can foster a stronger, long-term relationship between financial institutions and their clients and make the advice process more efficient.
Envizage’s AI-powered approach offers significant advantages:
A. Engaging Data Input: By using an AI-led dialogue, Envizage makes the process of providing financial information more engaging and less cumbersome for clients. This conversational approach can lead to a better user experience, fewer dropoffs, and a higher likelihood of clients providing all the necessary details.
B. Clear and Understandable Explanations: Our AI doesn’t just present plain numbers; it explains what they mean for your future in terms you can understand. This clarity helps you understand the potential future outcomes of your current financial decisions and empowers you to make informed choices.
C. Improved Data Quality: The AI-driven dialogue is designed to guide users in providing the necessary information, ensuring that the data collected is comprehensive and accurate . This higher quality input leads to more reliable and insightful financial forecasts.
D. Identification of Risks and Shortcomings: By analyzing and explaining the simulation results, Envizage’s AI can help identify potential risks or areas where your current financial plan might fall short of your desired outcomes. This proactive insight allows you to address these issues and make necessary adjustments.
E. Stronger Client Relationships: The engaging and easy-to-understand explanations provided by AI can lead to greater client satisfaction and a stronger, more trusting relationship with financial institutions.
In conclusion, AI is revolutionizing how Envizage approaches financial planning. From the initial dialogue that gathers your information to the clear explanations of your choices and their consequences, AI is making the entire process more human-centered and effective . By focusing on AI-driven solutions for both data collection and results explanation, Envizage is helping individuals and financial institutions navigate the complexities of personal finance with greater confidence and clarity.
Table 1: Envizage’s AI-Powered Financial Planning Process
| Step | Application | Description | Benefit |
| 1. Data Collection | AI-Led Dialogue with Dynamic Prompts | Users input financial information through a natural language conversation. | More engaging for clients, leads to higher quality and richer data. |
| 2. Simulation | Stochastic Simulation Engine | Advanced simulations project potential future financial outcomes based on various risks. | Provides a probabilistic view of the future, highlighting potential challenges and opportunities. |
| 3. Results Explanation | Multi-Modal AI Model with Dynamic Prompts | AI explains complex simulation results in plain English, focusing on key financial indicators. | Makes complex information easy to understand, helps identify risks and shortcomings. |
Table 2: Benefits of Envizage’s AI-Driven Approach
| Stakeholder | Key Benefits |
| Financial Institutions | More engaging data input process for clients, leading to better data quality. Engaging explanations foster stronger, long-term client relationships. |
| End Customers | Easy and intuitive way to provide financial information. Clear and understandable explanations of complex financial forecasts. Identification of potential risks and shortcomings in their financial structure. Empowerment to make more informed financial decisions. |
Summary
Envizage is at the forefront of transforming financial planning through the power of Artificial Intelligence. Our unique approach uses AI-driven dialogues to effortlessly collect comprehensive financial data from users and then employs sophisticated AI to explain complex simulation results in plain English. This ensures a more engaging and understandable experience for individuals, leading to better financial literacy and decision-making. For financial institutions, Envizage offers a way to enhance client engagement, improve data quality, identify potential client needs, and build stronger, lasting relationships.
Ready to experience the future of financial planning?
Discover how Envizage’s AI-powered financial planning capabilities can revolutionize the way you analyse, communicate and manage your client’s financial future. Get in touch with our team for more information: contact-us@envizage.me
