Summary
What this article covers in 30 seconds
- WealthBriefing’s European Awards 2021 received a record number of entries and applied high international standards.
- Judges assessed superior service, client satisfaction, sustainable business models, management quality and category-specific criteria.
- Recordsure won the new AI category for helping categorise and index core recording content.
- Recordsure technology helps firms move beyond random-sample review methodologies to 100% coverage at scale.
The wealth management market programme, driven by WealthBriefing, took the world stage through the WealthBriefing European Awards 2021. The programme showed continuing relevance with a record number of entries, meaning each submission had to demonstrate high international standards.
Evidence of superior service, client satisfaction, a sustainable business model, a well-managed business and category-specific criteria all shaped the search for each winner. This year’s winners showed resilience by maintaining and extending their offering in unique circumstances.
Innovative use of artificial intelligence
The Innovative Use of Artificial Intelligence category was described as highly competitive. A panel of industry experts used a rigorous process to debate, discuss and vote for the winning technology provider.
Recordsure was selected as the winner. Philip Harris, COO at WealthBriefing, shared the judges’ view that Recordsure showed a strong application of AI and a defined solution to categorise and index core recording content. The judges said the solution addressed real regulatory and compliance problems, as well as the consumption of time.
Award-winning technology from Recordsure
Recordsure was founded to solve regulatory compliance issues in the financial sector and to help protect customers. Its AI-led analytics tools address compliance issues and risk management, while supporting operational efficiencies for banks and wealth management firms.
Being the first winner of the new AI category gave recognition to Recordsure’s work, focus and delivery in financial services. Joe Norburn, CEO at Recordsure, said innovative RegTech solutions can improve the experience of colleagues and clients across wealth management. He said the award showed the strength of Recordsure’s product for firms facing inefficient review processes that rely on random-sample methodologies, and that Recordsure makes 100% coverage at scale possible.
Frequently asked questions
Recordsure won the new Innovative Use of Artificial Intelligence category at the WealthBriefing European Awards 2021.
The judges cited its application of AI and its solution for categorising and indexing core recording content to address regulatory, compliance and time-consumption problems.
Firms can move away from inefficient review processes that rely on random-sample methodologies and work towards 100% coverage at scale.