TIFIN announced that Lila Flores has joined the Board of Directors after her senior executive role at Palantir. Flores manages strategic initiatives in Palantir's U.S. Commercial and Government sectors. Her career encompasses Wall Street, national policy, renewable energy, and advanced technologies, providing a broad perspective on how new technologies can be adopted in corporate environments.
Artificial intelligence (AI) is rapidly advancing, but most businesses struggle to make decisions on how to best leverage this fast-evolving technology. Questions that businesses must answer include identifying the best use cases, balancing internal and external demand, and managing change. In the financial services sector, these issues become even more complex due to the high regulation and privacy sensitivity inherent in the industry.
TIFIN is already applying AI in investment workflows for operational business processes and portfolio advisory groups. In the fields of insurance, asset, and wealth management, structural elements are being established that will reshape these industries over the next decade.
Dr. Vinay Nair, Founder and CEO of TIFIN, stated, "AI only becomes important when it is adopted. Lila's experience with the steps necessary to achieve this in complex, regulated environments will accelerate our impact. We are excited to have her join our world-class team."
Flores's appointment comes after the addition of technology leader Ken Denman. Denman has deep experience and passion for implementing strategy during periods of rapid change. Lila Flores expressed, "We are still in the early stages of understanding the impact of AI on business. I was drawn here by TIFIN's mission to provide better wealth outcomes for a first-class team and more people. I look forward to contributing to this effort."
TIFIN Group LLC is a product and company platform applying AI in financial services, focused on wealth management, asset management, and insurance. TIFIN's companies include Magnifi, TIFIN @Work, TIFIN Sage, TIFIN AG, TIFIN AMP, TIFIN Wealth, Helix, Give, TIFIN IP, and TIFIN AXIS. TIFIN is backed by leading investors such as J.P. Morgan, Morningstar, Hamilton Lane, Franklin Templeton, and SEI.
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