ForwardLane, a leading provider of AI-powered intelligence solutions, has announced the launch of its new generative decision intelligence platform called EMERGE. The platform, specifically designed for the wealth, asset management, and insurance industries, aims to address various challenges such as data transparency, data privacy, and data security.
Following discussions with C-Suite executives and Data & Analytics teams in financial services firms, ForwardLane identified the complexity associated with deploying private, secure, and accurate generative AI as a significant challenge and resource drain. To alleviate these issues, EMERGE empowers professionals in advisory, distribution, sales, marketing, business intelligence, management, and product roles to harness the power of generative AI effectively. The platform enables users to easily find, create, preview, publish, and interact with new and unknown insights while maintaining privacy, security, and accuracy.
With EMERGE, reliance on data science teams is reduced, freeing them to strategically scale Data and Analytics (D&A) capabilities across the organization without the burden of analytics aggregation, data processing, insight creation, Large Language Model fine-tuning, and last-mile delivery of insights and Next Best Actions.
In addition to its formidable functional capabilities, the EMERGE platform also addresses significant enterprise challenges related to IT and cybersecurity. It ensures that private data remains private and is not shared externally, offers transparency and explainability in the decision-making process, and produces a comprehensive audit log for compliance purposes.
EMERGE combines ForwardLane’s state-of-the-art composite AI, EMERGE-GPT, with Visual Insight Generator, a zero-code tool that allows users to effortlessly create insights from data in natural language without requiring technical expertise in Large Language Models (LLMs). By complementing ForwardLane’s existing Next Best Action platform, EMERGE facilitates the entire cycle of insight creation, orchestration, last-mile delivery, and usage feedback.
Nathan Stevenson, the Founder and CEO of ForwardLane, expressed his excitement about EMERGE, highlighting the significant investments his company has made in AI since 2016. He described EMERGE as an applied Generative AI solution specifically tailored for financial services, offering the best functionalities of ForwardLane’s ViGOR and privacy-friendly EMERGE-GPT. According to Stevenson, EMERGE enables financial services firms to quickly leverage their existing data and data science investments and deliver valuable insights to their frontline advisory and sales professionals.
Wealth, asset management, and financial services professionals can benefit greatly from using EMERGE. The platform allows them to unlock the power of generative AI, enabling them to make data-driven decisions and discover previously unexplored insights. Enterprises can opt to use the EMERGE platform on a white-label basis, and it can be deployed on their preferred cloud platform or hosted by ForwardLane, ensuring full control and compliance with data licensing and transfer requirements.
As an AI-powered decision intelligence platform, EMERGE is designed to be transparent, flexible, easily deployable, and upgradeable while ensuring compliance with financial services regulations. The solution is currently undergoing limited beta testing with premier partners, with wider availability expected in Q3 2023.
In conclusion, ForwardLane’s launch of the EMERGE platform represents a groundbreaking development in the field of AI-powered decision intelligence for the wealth, asset management, and insurance industries. By democratizing the power of generative AI and addressing the challenges associated with data privacy and security, ForwardLane is empowering professionals in various roles to unlock valuable insights and make data-driven decisions. With its advanced capabilities and focus on compliance, EMERGE is set to reshape the way financial services firms approach data and analytics, ultimately driving growth and innovation in the industry.
