In this episode, Peter Worn sits down with Paul Feeney, CEO & Co-Founder of Otivo, to thrash out one of the biggest debates in financial advice right now: Can AI deliver safe and useful guidance, or will ChatGPT-style tools create more risk than reward?

We unpack the rise of consumer-led AI, the dangers of unfiltered “DIY advice,” and how Otivo is tackling the challenge head-on with an AI chat assistant built for real people, not experiments.

If you care about the future of advice, compliance, and keeping technology on the rails, this conversation will give you a front-row seat to where the industry is heading.

Chapters:

Chapters

00:00 Introduction to AI in Financial Advice

02:23 Paul Feeney's Journey and Ativo's Genesis

04:39 The Evolution of Ativo and Its Mission

08:23 User Experience and Simplifying Financial Advice

11:24 The Role of AI in Financial Advice

14:07 Consumer Interaction with AI for Financial Guidance

17:43 The Future of AI in Personal Finance

20:52 Implementing AI in Financial Services

26:04 AI-Driven Compliance and Human Oversight

26:42 The Role of AI in Financial Advice

27:52 Personalised Financial Insights through AI

29:17 User Experience and Engagement in Financial Platforms

31:02 The Future of Financial Advice: AI and Human Interaction

32:42 Proactive Engagement with Superannuation Funds

34:59 The Importance of Personal Advice in Superannuation

36:53 Building Trust through Personalised Financial Advice

38:17 The Need for Digital Tools in Financial Advice

40:57 Accessibility and Inclusivity in Financial Services

42:46 The Future of Financial Advice: Digital First Solutions