Launch of the French fintech Figen AI, a tailor-made AI solution dedicated to wealth and finance professionals

Figen AI, a French fintech specializing in artificial intelligence tools for finance and wealth professionals, officially announces the launch of its new tool called "AI agent." This personalized and reliable solution is designed to support wealth management experts in their daily activities.

An innovative approach in response to sector changes

With the acceleration of digitization, evolving regulations, and the increasing demand for tailor-made investment solutions, Figen AI addresses the needs of wealth professionals with advanced technology. Unlike traditional chatbots, which are often prone to interpretation errors ("hallucinations"), the startup relies on validated and continuously updated databases (laws, BOFiP, etc.), combined with human oversight to ensure reliable and relevant responses.

Vincent Aurez, Co-founder and President of Figen AI: "In a world where AI is already transforming our interactions, it is essential for finance and wealth professionals to embrace these technologies rather than endure them. We developed Figen AI to keep human expertise at the center of client relationships, in synergy with artificial intelligence."

After several months of development and testing, Figen AI now offers a tool dedicated to wealth management, called "ChatCGP." Already adopted by 100 companies in just four weeks, the solution continues to be optimized with new AI agents in the experimental phase among industry professionals.

A solution designed for finance and wealth experts

Unlike generalist AIs, Figen AI focuses on the specific needs of wealth management firms, family offices, and private banks: tax analysis, investment optimization, etc. Its "AI agent," capable of breaking down problems into subtasks, automates tedious research, allowing professionals to concentrate on their main mission: client support.

Specifically, Figen AI offers two types of solutions:

• A subscription-based access to a platform equipped with AI tools facilitating wealth, tax, legal, and extra-financial analysis.

• A tailor-made integration into the internal systems (intranets or extranets) of wealth management companies, enabling them to leverage AI on their own databases and use cases.

Specialized AI is on the rise and marks a new era: that of intelligent agents designed to provide precise answers to the complex challenges of regulated sectors. Figen AI fully aligns with this trend, offering solutions that not only assist but also structure, analyze, and facilitate decision-making in an environment where rigor and compliance are essential.

A rapidly growing demand, confirmed by the figures

According to the "GenAI: a possible way forward" study by Sopra Steria Next, the generative AI market could reach $100 billion by 2028, confirming the increasingly prominent role of this technology in the financial sector. A report by Seismic (2024) further indicates that 93% of financial services companies believe that AI will profoundly transform their sector in the next five years.

However, these technological advancements come with increased risks, particularly regarding tax and regulatory compliance. A Stanford study (2024) highlights an error rate of up to 58% for ChatGPT-4 on legal questions, rising to 88% for other models like Llama 2. Aware of this challenge, Figen AI strengthens its framework with specialized knowledge bases and automated validation systems, ensuring professionals receive reliable and accurate information.

An experienced management team

Behind Figen AI are two seasoned entrepreneurs who have already contributed to the creation and development of several fintech and tech startups: Vincent Aurez, former innovation director in asset management, recognized among the 35 positive leaders under 35 (Les Echos/Positiv). Nicolas Paulus, co-founder of the web agency Antadis and the international recruitment agency NextStation. With a clear vision and tools tailored to the sector's challenges, Figen AI aims to establish itself as a key player in artificial intelligence applied to wealth management.