The platform has been rolled out to Connect’s 350 appointed representative (AR) firms.
Curvestone’s platform automates the compliance checks regulated firms run, spanning use cases such as full case file reviews, financial promotions, and financial crime controls, for mortgage brokers, networks, lenders, and wealth advisers operating across the UK.
Liz Syms (pictured), CEO of Connect for Intermediaries, added: “As a network, we need to compliance file-check the mortgage and protection cases that all the firms do, with a full check taking a human typically 2-3 hours to complete, depending on the complexity.
“Using Curvestone has brought that down to minutes.”
The platform can review every case rather than a sample, allowing for 100% coverage.
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Syms added: “The integration with OMS has improved that efficiency even further, as it saves the team having to transfer the information into Curvestone’s own system. Going forward, the OMS integration will also facilitate the ability for advisers to do pre-checks of their own before cases are sent to compliance for file reviews.”
Dawid Kotur, founder and CEO of Curvestone AI, said: “This partnership with Connect perfectly demonstrates the network use case for our proposition and shows how, by using us via a CRM system like OMS, we can save both the network and AR valuable time without sacrificing quality and overall compliance.
“This is the first phase of our ongoing work with Connect and we look forward to being able to announce enhancements in the coming months as the roll-out finishes.”
More meaningful uses of AI have been debated in the industry, with its ability to reduce administrative tasks recommended widely.
