The Adviser Platform has announced the launch of its first AI-powered feature, which the firm says is designed to save financial advisers time.
TAP states its AI Document Reader “…is an industry first that marks a significant step forward in … delivering solutions that make running a FAP easier and more efficient.”
It says the AI tool allows advisers to upload documents, such as existing insurance policies, and automatically extracts and pre-populates key details, reducing the need for manual data entry.
“It’s the first tool of its kind to harness the power of AI to automate and streamline advice preparation …”
Mike Taylor, Head of Tech and Development at TAP, highlights the adaptive nature of the AI Document Reader.
“This tool is designed to learn and improve over time based on user interaction. When advisers make adjustments to the data presented by the AI, those changes are logged to help refine its accuracy. This feedback loop ensures the tool becomes smarter and more effective with continued use.”
Ryan Edwards, Managing Director of TAP, describes the launch as a milestone.
“The AI Document Reader is just the beginning of our ambitious pipeline of AI-driven solutions aimed at helping advisers save time and improve efficiency.
“We’re not just building tools, we’re shaping the future of financial advice technology with … systems that evolve alongside the needs of advisers. This feature not only simplifies data entry but sets the stage for advancements across our platform,” he says.
