Overview
The Envizage API is the gateway to access Envizage's simulation-based and highly configurable holistic advice engine. Developers can get started within seconds and build compelling and engaging advice, guidance, or financial well-being apps and modules with it.
The Envizage API is free to acccess and free to use for up to 500 monthly users. For configuration options, enterprise SLAs and scale-up usage, please contact-us@envizage.me.
Key Features
The Envizage API is designed to power holistic financial advice and guidance, either direct-to-consumer or advisor-led/hybrid. At its heart, it uses data and assumptions to answer three questions for the consumer and their family:
- Will we be able to achieve our desired future outcomes?
- If not, then why not? What's holding us back?
- What can we do to get back on track? What is our next best action?
Differentiators
- Being a SaaS API allows our clients to own the user experience and user interface, creating differentiation (but we also have out-of-box options)
- We use probabilistic (stochastic) modelling of investments AND life risks, leading to much more comprehensive and realistic advice output
- We don't just generate hard-to-follow graphs and charts, we provide deep, personal, meaningful and actionable insights to our clients' customers in the form of next best actions
The Envizage API covers a very broad and holistic range of next best actions, a sample of which can be seen at https://developer.envizage.me/api-docs.html#diagnostics-types. These include actions relating to:
- Saving and investing, including pensions
- Expense management
- Income boosting, for example through part-time work
- Insuring against bad outcomes
- Borrowing money or repaying existing loans or mortgages
- Buying vs renting property
- Using property as a asset during retirement
- Changing the timing, sequencing and priority of desired future outcomes
- Lifestyle, including health and well-being
- and much more
The Envizage API supports a very broad range of use cases.
Users
- Direct to consumer
- Advisor led
- Hybrid
Customer segments
- Millennials
- Gen Xers
- At and Near Retirement
- In Retirement
Wealth segments
- Mass
- Mass-affluent and Affluent
- High Net Worth (lower end)
Products
- Investments
- Pensions and Retirement Solutions
- Insurance and Protection
- Credit, Loans and Mortgages
- Equity Release
User Interfaces
- Mobile
- Tablet
- Desktop/laptop
- Voicebots
- Chatbots
Key Benefits
Envizage drives efficiency and cost control for our clients in many ways
- Increase the efficiency of human channels
- Drive more sales with fewer agents/advisors
- Improve average and below-average agents/advisors
- Help agents/advisors sell a broader range of products
- Reduce platform and distribution costs
- Consolidate and decommission old apps to streamline sales processes
- Reduce training costs
- Create better compliance audit trails and lower cost of compliance
- Capture consistent data to lower research costs
- Reach and serve lower value customer segments cost effectively
- Global, omni-channel, multi-product
- Easy to localise for any country's fiscal and product rules
- Enables the full range of distribution channels from consumer-led to advisor-led
- Covers the full range of financial products to drive digital cross-selling
Sector benefits
- Banks: Engage your customers on a highly personalised basis to identify and serve their needs; reach and serve lower value customer segments cost effectively
- Insurers: Explain the benefits of your products visually, to show how then can improve customers' futures
- Wealth and Pensions: Convert savers into investors by showing the impact on a household's medium and long-term desired outcomes
