Source: SEI
ForwardLane, the leader in providing AI driven intelligence to financial services professionals, is thrilled to announce SEI Venture's strategic investment into the company, to accelerate growth and the provision of powerful, personalized insights for wealth managers, asset managers and commercial banks.
SixThirty Global Fintech Fund joined SEI Ventures in the investment round as a follow-on to their first investment in 2018.
ForwardLane is a fast-growing, award-winning AI fintech startup that enables proactive, personalized advisory and distribution with powerful, personalized insights. The patent-pending AI insights platform combines proprietary NLP with enterprise data aggregation to provide signals for client engagement along with personalized content. The product suite offers native CRM integrations along with an API framework to blend insights seamlessly into existing workflows.
SEI Ventures, SEI's corporate venture capital program, strategically invested in ForwardLane as SEI believes AI will impact all financial intermediaries in how they operate and deliver advice in the future. The strategic investment enables SEI Ventures to learn about how AI can help intermediaries:
Save time through prioritization/focus,
Uncover client insights from unstructured data,
Provide hyper-personalized content, and
Increase wallet share and help prevent client churn
Russ Kliman, Global Leader, SEI Ventures said: "Nathan and the team at ForwardLane are making great strides in applying modern technology to enable financial intermediaries to scale their businesses, provide high quality insights more frequently, with greater ease and simplicity than ever before. We believe that ForwardLane shares our same innovative DNA and we are excited to be forging this bold and innovative partnership together."
CEO Nathan Stevenson said "SEI are a disruptive and innovative fintech ecosystem with a fabric of 11,000 clients globally, with $1 trillion in AUA/AUM in wealth and asset management. Russ and the team at SEI share the same perspective on how AI can be applied to supercharge advisory and distribution, and enhance the client experience with high-quality personalized insights."
SixThirty's Managing Partner, Atul Kamra said "The ForwardLane platform delivers on the 3Ps for relationship managers: Prioritize, Prepare for and Personalize each client interaction. It is a force multiplier."
The strategic investment and partnership will further advance ForwardLane's insights into how financial intermediaries view and leverage artificial intelligence capabilities, while bringing SEI's long-standing depth and breadth in investment services and wealth management to further the growth and scale of the organization.