Docupace and Jiffy.ai are creating the most powerful portfolio of automation solutions for the wealth management industry. Leading-edge capabilities such as intelligent document processing, artificial intelligence (AI), and robotic process automation (RPA) are being deployed by corporations to bring benefits at scale across enterprise processes.
“We believe automation, AI, and machine learning (ML) technologies have reached the tipping point of being more than just a theory and are now a reality in many businesses,” said Michael Pinsker, Founder, and President at Docupace. “Docupace and JIFFY.ai are leveraging our collective wisdom to take the most advanced technologies and point them directly at our clients and the wealth management industry’s biggest pain points and most common issues of operational inefficiencies.”
Through intelligent automation, JIFFY.ai improves procedures at Fortune 50 firms across several industries. By combining these breakthrough technologies with the power of the Docupace Platform, capabilities previously only available to the world’s top organizations are now available to everyone. Babu Sivadasan, a former Envestnet executive, co-founded the company, which is situated in Silicon Valley.
Intelligent automation has a major opportunity in the financial services sector. In 2021, global enterprise IT spending in the banking and securities industry will reach $570 billion. Many businesses that have previously invested in early-stage automation are facing rising technological debt.
“The financial services sector is poised to take advantage of a platform approach to intelligent automation. As the gap between the front, middle, and back-office shrinks, the next frontier in the digital transformation journey is for firms to invest in technology that natively integrates the many technologies required to fully automate complex processes across the value chain. This approach will allow firms to take advantage of market-leading capabilities without the expense of stitching those technologies together on their own, “said Babu Sivadasan, Co-founder and Chief Executive Officer at JIFFY.ai. “JIFFY.ai is excited to be at the forefront of bringing this type of innovation to life, and our work with Docupace will accelerate our ability to continue making meaningful change in the wealth management market.”
