15.10.202631 min

Best 5 AI Note Takers for Investment Banks in 2026

Sanduni

Growth Content Editor

I compared five AI note takers for investment banks: Jamie, Fireflies, Otter, Fellow, and Zocks. I wanted to see how they would perform at an investment bank.

Many AI note-taking tools were developed with sales calls in mind.

Investment banking deals differ from this type of call.

In a deal call, there is a counterparty on the phone.
The parties involved have material non-public information (MNPI).
Compliance officers reading the security page of your vendor may be even more diligent than you are in reviewing the CIM.

Investment banking requires a balance between speed and regulatory compliance, and your note taker has to keep up with both.

My comparison covers what matters most in a banking context. That means bot presence during a call, where data is stored under GDPR, and model training. It also means the consent process, where CRMs log interactions and cost per month.

On top of comparing their features, we ran our own accuracy test on AI note takers. Both Fireflies and Otter were part of our evaluation. Jamie earned a score of 90 for transcription accuracy, 90 for the AI-generated summary, and 98 for identifying speakers. Those were the highest scores for all five tools across all three categories.

Now, what are the best AI note takers for investment banks? Here are five of them.

Jan Pörschmann
Managing Partner | atares
M&A Advisory · 10-50 employees
~90-120hrs
saved per week across the team

TL;DR

Jamie: Best Overall AI Note Taker for Investment Banks, Data Stored in Europe
Fellow: Best AI Note Taker for Information Barriers and Retention Controls
Fireflies: Best AI Note Taker for Conversation Intelligence and 200+ AI Skills
Otter: Best AI Note Taker for Answering Questions Across Your Meetings
Zocks: Best AI Assistant for Financial Advisors

What are the best AI note takers for investment banks?

The five best AI note takers for investment banks are Jamie, Fellow, Fireflies, Otter, and Zocks. Each of these five will create written notes based on your meetings.

The table below compares each of the five (Jamie, Fellow, Fireflies, Otter, and Zocks) side by side. If you click on any of the cells in the table, you can read the full answer.

	Jamie	Fellow	Fireflies	Otter	Zocks
Bot free capture	Yes Nothing joins the target company's call; the optional Recording notice email and meeting chat notice back your verbal consent.	Yes Fellow records with a visible bot or without one, capturing audio directly through its desktop and mobile apps.	Yes Fireflies records without a bot through its desktop app, Chrome extension and Google Meet SDK integration.	Yes Otter's desktop app for Mac and Windows records meetings without the Otter Notetaker joining the call.	Yes Zocks captures notes without recording, and its Zoom app works with no bot joining the line.
Meeting platform coverage	Yes We record Teams, Zoom, Meet and every platform on your Mac or Windows laptop, plus in-person on iOS and Android.	Yes Fellow transcribes Zoom, Google Meet, Microsoft Teams and Slack Huddles meetings, with a bot or from the desktop.	Yes Fireflies records Zoom, Google Meet, Microsoft Teams and 10+ other platforms, through its notetaker or desktop app.	Yes Otter works with Zoom, Microsoft Teams and Google Meet, through Otter Notetaker or its desktop app.	Yes Zocks integrates with Zoom, Google Meet, Microsoft Teams and Webex, and also captures client meetings by phone.
In-person meetings	Yes In-person meetings record on iOS, Android, Mac or Windows, on every plan: walk in and start.	Yes Fellow's iOS and Android apps capture in-person meetings, client visits and off-site discussions in real time.	Yes Fireflies records and transcribes your in-person meetings through its mobile app, its desktop app or its web recorder.	Yes Otter records and transcribes both in-person and virtual meetings, right from your own device and applications.	Yes Zocks captures in-person client meetings through its mobile app on iOS and Android for advisors.
Desktop and mobile apps	Yes Desktop apps for macOS and Windows, mobile apps for iOS and Android, plus the web, all synced.	Yes Fellow runs a desktop app on Mac and Windows, plus iOS and Android apps for botless recording.	Yes Fireflies offers a desktop app, iOS and Android apps and a Chrome extension for recording meetings.	Yes Otter runs on Mac and Windows desktop, iOS and Android apps, the web and a Chrome extension.	Partial Zocks offers iOS and Android apps, an Outlook add-in and a Zoom app, which firms can manage through Intune.
Meeting transcription	Yes Every meeting gets a full transcript identifying speakers by name, plus live transcription while the call runs.	Yes Fellow transcribes meetings in real time, with speaker labels and timestamps, from bot or botless recordings.	Yes Fireflies offers real-time notes and live transcription on every plan, including Free, with speaker labels on every transcript.	Yes Otter offers live transcription on every plan, with 300 monthly minutes on Basic and 1,200 on Pro.	Yes Zocks' AI Assistant analyzes the meeting transcript to generate notes, without keeping any recording of the call.
AI meeting summaries	Yes Seconds after the call: the executive summary, the full summary by topic, action items and your Scratchpad notes.	Yes Fellow produces structured meeting summaries and sends recap emails with the recording, transcript and summary.	Yes Fireflies recaps include key topics, action items and custom sections, with unlimited AI summaries from Pro.	Yes Otter automatically generates meeting summaries with action items and outlines for each conversation you record.	Yes Zocks generates meeting summaries that you can save straight to HubSpot and other connected advisor CRMs.
Action items with owners	Yes Action items are extracted and assigned to the right speaker automatically, each with a due date you can edit.	Yes Fellow action items carry due dates and multiple assignees, and resurface before the next relevant meeting.	Yes Fireflies recaps include action items, and its Action items and task Manager collects your tasks from Pro.	Yes Otter's Takeaways panel captures annotations and assigns action items, and teammates can assign them during the meeting.	Yes Zocks turns unchecked agenda items into follow-up tasks linked to the meeting, with assignees and due dates.
Summary templates	Yes 8 built-in templates plus 30 in our library; 1 custom template on Free, 3 on Plus, unlimited from Pro.	Yes Fellow offers a library of 500+ expert-approved meeting templates, plus recap templates for sales methodologies.	Yes Fireflies offers custom templates and 18+ sales templates, including BANT and MEDDIC, for your meeting notes.	Yes Otter lets you set up Custom Meeting Type Templates for the different kinds of meetings your team runs.	Yes Zocks lets admins configure meeting types, templates, presets and custom forms that the AI Assistant fills in.
Custom vocabulary	Yes Custom vocabulary takes your deal code names and acronyms: 50 terms up to Pro, 100 on Team, 250 on Enterprise.	Yes Fellow's Custom Vocabulary adds your own terms, while attendee and speaker names are factored in automatically.	Yes Fireflies custom vocabulary adds names, acronyms and technical terms your team uses, which improves transcription accuracy.	Yes Otter's custom vocabulary covers names, jargon and acronyms, with 5 terms on free Basic and more on paid plans.	Yes Zocks keeps an account-specific vocabulary, where you add, edit or remove the words and phrases it uses.
Transcription languages	100+ 100+ languages, and a call that switches from German to English is transcribed in both.	Yes Fellow detects and transcribes many languages automatically, which suits teams running meetings across several markets.	100+ Fireflies transcribes in 100+ languages on every plan, including Free, and AskFred handles multilingual questions too.	6 Otter's AI transcription covers English, Spanish, French, German, Japanese and Chinese, with multi-language support on free Basic.	10 Zocks supports ten languages: English, Spanish, Portuguese, French, Hindi, Japanese, German, Italian, Russian and Dutch.
Speaker identification	Yes Speaker names come from your calendar. A new voice stays Speaker 1 until you name it; Speaker Memory remembers it.	Yes Fellow identifies speakers automatically, though hybrid meeting speaker identification excludes Burmese, Khmer, Thai and Tibetan.	Yes Fireflies adds speaker labels to every transcript, across all 100+ of its supported transcription languages.	Yes Otter identifies speakers on every plan, including the free Basic plan, and you can edit speaker names.	Yes Zocks captures notes with speaker attribution and lets you allocate speakers again in the past meeting view.
Deal CRM logging	Yes Salesforce and HubSpot from Pro, DealCloud from Team, Affinity on Enterprise, with contacts matched by email.	No No DealCloud or Affinity integration is published; Fellow syncs to HubSpot, Pipedrive and Salesforce, with Salesforce on Business and above.	Yes Fireflies syncs meeting data and tasks to Affinity and Attio, alongside Redtail and Wealthbox for advisors.	No Otter publishes no DealCloud or Affinity integration; notes sync to Salesforce or HubSpot on Pro, Business and Enterprise.	No Zocks names no DealCloud or Affinity integration, and connects to advisor CRMs like Redtail, Wealthbox and Salesforce.
Salesforce and HubSpot logging	Yes On Pro and above, notes attach to Salesforce Leads or Opportunities and log against HubSpot contacts, companies and deals.	Yes Fellow syncs notes with HubSpot contacts, companies and deals from Solo, and with Salesforce on Business and above.	Yes Fireflies syncs meeting notes with Salesforce and sends transcript data to HubSpot after every meeting.	Yes Otter syncs notes to Salesforce or HubSpot for 1 user on Pro, 5 on Business and unlimited on Enterprise.	Yes Zocks connects with Salesforce, HubSpot, Dynamics, Redtail, Wealthbox and other advisor CRMs to save your notes.
Questions across all meetings	Yes Ask Jamie is unlimited on every plan, free included, and answers across all your meetings by deal tag.	Yes Ask Fellow searches across all your meeting transcripts and summaries and returns the exact moments behind each answer.	Yes AskFred, the Fireflies AI assistant, answers questions about one meeting or across many meetings at once.	Yes Otter AI Chat answers within and across meetings, capped at 20 queries a month on Basic and 50 on Pro.	Yes Zocks' Ask Anything agent answers using your client history and the emails stored in your connected CRM.
Agent actions in connected tools	Yes Jamie is agentic: the Agent acts in Carta and Microsoft 365; from Pro, our MCP server connects Claude and ChatGPT.	Yes Fellow's Claude connector and MCP Server let AI agents query meeting history, surface commitments and generate follow-ups.	Yes Fireflies' Personal Assistant drafts follow-ups and auto-fills CRM fields, and its MCP server connects AI assistants.	Yes Otter's MCP server connects ChatGPT and Claude to your meetings, and role agents cover sales, recruiting and media.	Yes Zocks connects Claude, ChatGPT and Microsoft Copilot to your client data through its MCP server, on Professional and Ultimate.
Meeting data stored in Europe	Yes All meeting data is stored and processed in Europe under GDPR, encrypted at rest with AES 256.	Partial Fellow hosts on AWS in Canada Central, and offers data residency and processing controls for EU organizations.	Partial Fireflies Private Storage on Enterprise stores your meeting data at your preferred location, and Fireflies follows GDPR.	No Otter stores data on AWS in US West, not Europe, and transfers EU data under the Data Privacy Framework.	Partial Zocks processes and stores data in the US, with storage in a custom geography only by contacting sales.
Permanent audio deletion	Yes Audio deletion is the default: the audio goes once the transcript exists, and you keep every note.	Partial On Enterprise, Fellow's optional zero-day retention deletes recordings and transcripts once AI processing completes, keeping summaries and action items.	Partial Fireflies Enterprise offers a Transcript + Summary only mode, and Pro keeps 8,000 minutes of storage per seat.	Partial Otter offers audio removal from conversations on its Enterprise plan, alongside custom data retention and activity logs.	Yes Zocks never records client conversations, which means no audio file of your meeting is kept at all.
Meeting data excluded from AI training	Yes Your meeting data is excluded from model training, by us and by our model providers, on any plan.	Yes Fellow's AI is never trained on your data, and security documentation is available for due diligence review.	Yes Fireflies never uses your data for AI training or any purpose outside your direct business needs.	Partial Otter Enterprise offers an AI model training opt-out that keeps your organization's data out of model training.	Yes Data captured by Zocks is never used for training or improving large language models, and calls are never recorded.
ISO 27001 certification	Yes GDPR compliant, ISO 27001 certified by an independent auditor, DORA-ready, SOC 2 Type II audit underway.	No Fellow names no ISO 27001 certificate; Fellow is SOC 2 Type II certified, with AES-256 encryption, GDPR and HIPAA.	No Fireflies names no ISO 27001 certificate; Fireflies is SOC 2 Type II certified, HIPAA compliant and follows GDPR.	Partial Otter bases its security policies on the ISO 27001/2 framework, but names no ISO 27001 certificate.	No Zocks names no ISO 27001 certificate; Zocks is SOC 2 Type II certified and routinely passes security reviews.
SOC 2 Type II	Pending Our SOC 2 Type II audit is in progress, covering security and availability. ISO 27001 and GDPR are in place.	Yes Fellow is SOC 2 Type II certified and supports encryption controls including AES-256 for meeting data.	Yes Fireflies follows SOC 2 Type II industry standards for data security, privacy and confidentiality across its platform.	Yes Otter holds SOC 2 Type 2 and works with independent experts who verify its security measures over time.	Yes Zocks is SOC 2 Type II certified, and everything is encrypted in transit and at rest.
DORA readiness	Yes DORA-ready for banks and funds under the Act, plus GDPR compliant; SOC 2 Type II is in progress.	No Fellow names no DORA readiness; Fellow is SOC 2 Type II certified and complies with GDPR and HIPAA.	No Fireflies names no DORA readiness; Fireflies is certified for GDPR, SOC 2 Type II and HIPAA.	No Otter names no DORA readiness; Otter holds SOC 2 Type 2 and sells HIPAA compliance as an add-on.	No Zocks names no DORA readiness; Zocks is SOC 2 Type II certified, used by broker-dealers like Cetera and Osaic.
Attendee consent capture	Yes Three routes: verbal consent in your own words, the optional Recording notice email, and the meeting chat notice.	Yes Fellow offers customizable consent disclosures and consent capture for workspaces using Microsoft 365 Calendar, switched on by admins.	Yes Fireflies emails participants one hour before recording and can post a meeting chat notification that the session is recorded.	Yes Otter offers a recording disclaimer email and Microsoft Teams recording permission capture for your meeting attendees.	Yes Zocks plays a voice announcement or shows a disclaimer, and keeps a read-only audit log of consent changes.
SSO and SCIM provisioning	Yes Enterprise teams sign in with SAML SSO through Okta, Entra ID or Google Workspace; your administrator configures Directory Sync.	Yes Fellow supports SSO and SCIM provisioning for enterprise deployments, automated through its Okta and OneLogin integrations.	Yes Fireflies Enterprise adds SSO and SCIM, plus a super admin role, private storage and a rules engine.	Yes Otter offers SSO and SCIM provisioning on Enterprise, each one requiring a minimum 100 user license.	Yes Zocks supports SAML single sign-on and on-demand user provisioning with automatic role and permission setup.
Audit logs	Yes Logins, role changes, deletions and API key use land in a log nobody can edit, exportable as CSV.	Yes On Enterprise, Fellow's Super Admin API exports audit logs formatted for regulatory examinations, documenting what was deleted and when.	Yes Fireflies Enterprise includes audit logs through its API, with each event following the OCSF v1.5.0 standard.	Yes Otter's Business plan adds activity logs, and Enterprise adds audit logging for security and regulatory reporting.	Yes Zocks keeps a read-only audit log of consent changes and logs MCP activity at the tool-call level.
Custom data retention	Yes Retention is yours to set on Enterprise: meetings and transcripts kept from immediately up to two years.	Yes On Enterprise, Fellow sets custom retention windows or zero-day retention, auto-deleting recordings after a set number of days.	Yes Fireflies Enterprise adds custom data retention and a transcript plus summary only mode for your meetings.	Yes Otter offers custom data retention and audio removal from conversations on its Enterprise plan, alongside activity logs.	Yes On Professional and up, Zocks lets admins tailor data retention policies to your firm's needs from account control.
Information barriers	Yes Information barriers are supported, and your administrator controls who can share or read each meeting's transcript.	Yes Fellow applies information barrier policies between business units, built for firms that manage MNPI exposure.	No Fireflies names no barrier policies between business units; Enterprise adds a rules engine, SSO, SCIM and audit logs.	No Otter names no barrier policies between business units; Enterprise gives admins conversation management and sharing permissions.	No Zocks names no barrier policies between business units; admins set multiple levels of user and custom roles.
Free plan	Yes 10 meetings a month up to 30 minutes, with transcripts, summaries, action items, 1 custom template and unlimited Ask Jamie.	Yes Fellow's Free plan includes 5 lifetime AI notes and recordings per user, with AI summaries, action items and Ask Fellow.	Yes Fireflies Free includes transcription in 100+ languages, real-time notes, limited AskFred and 20 one-time AI credits on sign-up.	Yes Otter Basic is free, with 300 transcription minutes a month, 30 minutes per conversation and 20 monthly AI Chat queries.	No Zocks has no free plan: a 14-day free trial, then Essentials at 80 dollars per user a month.
Entry paid price per month	EUR 25 Plus is 25 euros a month, Pro 47 and Team 39 per seat, billed monthly; Enterprise is custom.	USD 11 Fellow Team costs 11 dollars per user per month billed monthly, and Solo for individuals costs 29 dollars.	USD 18 Fireflies Pro costs 18 dollars per seat per month billed monthly, and Business costs 29 dollars per seat.	USD 16.99 Otter Pro costs 16.99 dollars per user per month billed monthly, and Business costs 30 dollars.	USD 80 Zocks Essentials costs 80 dollars per user per month billed monthly, and Professional costs 140 dollars.

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1. Jamie: Best AI Note Taker for Investment Banks, Data Stored in Europe

Best for: Jamie is the best AI note taker for investment banks whose deal teams need consent-first, bot-free notes stored in Europe.

Similar to: Fellow, Fireflies, Otter, and Zocks.

Jamie meeting intelligence: bot-free live notes, instant summaries, meeting reminders, auto-assigned tasks and Ask AI across meetings

Jamie is a bot-free AI note taker for investment banks. Your M&A, diligence, and client meetings become accurately recorded notes in seconds. Your Mac or Windows PC records both your online and in-person meetings, and your phone records in-person meetings too. Meeting data is both stored and processed in Europe under GDPR.

Jamie is also GDPR compliant, ISO 27001 certified and DORA-ready. Jamie logs your meeting notes into Salesforce from the Pro plan, DealCloud from the Team plan and Affinity on the Enterprise plan.

You obtain the participants' verbal consent yourself. Two more routes are yours to switch on: the optional Recording notice email before the call, and a meeting chat notice inside it. Let's look at the key features you'll find most valuable, starting with the one your compliance team asks about first:

Jamie stores meeting data in Europe under GDPR, holds ISO 27001, is DORA-ready, deletes audio and never trains models on it.

Jamie uses servers in Europe to store and process all of your meeting data under GDPR. As Jamie is GDPR compliant, ISO 27001-certified, and DORA-ready, you get a clear answer on how we handle your clients' data. FINRA's 2026 oversight report says using GenAI can implicate rules on supervision, communications, and recordkeeping. Your note taker is part of that review now. Strict data governance is essential for tools used in investment banking, which means you need to know exactly where your meeting data sits.

And as soon as we have created a transcript from a meeting recording, we delete the original audio file. Your compliance officer will check all of this before approving a note taker for a sell-side mandate. They will want to know where the data is stored, which certifications we hold, what happens to the audio, and whether we train models with your data:

Feature	Description
Data residency in Europe	Every transcript, summary and action item is stored and processed in Europe, under GDPR.
ISO 27001 and GDPR	GDPR compliant, ISO 27001 certified, DORA-ready. And SOC 2 Type II is underway.
Permanent audio deletion	The audio is deleted once the transcript exists. You keep the notes and transcript.
No model training	We never train AI on your meetings, and neither do our model providers.

Jamie Records Online and In-Person Meetings From Your Own Laptop, With No Bot in the Counterparty's Call

Jamie records Zoom, Teams, Google Meet and in-person meetings bot free, with verbal consent and an optional Recording notice.

Jamie is a bot-free AI note taker; it records the audio from your own laptop and from your phone for in-person meetings. Jamie never joins the meeting as a participant.

This matters on a due diligence call, when the target company hosts the meeting on its own Microsoft Teams. If Teams detects an external bot, it sends the bot to the lobby. Someone at the target company then has to approve it before it joins.

Microsoft Teams manages this through a meeting policy called ExternalBotAccessMode. Its default setting is RequireApprovalWhenDetected.

As a guest in someone else's meeting, you'll want to know how Jamie records, what happens when you switch mics, and the three ways to obtain consent:

Feature	Description
Bot free capture	Nothing joins the call: we record from your laptop, and in-person from your phone.
Mic Following	Switch from your laptop mic to AirPods mid-call, and Jamie follows your voice.
Recording consent	Verbal consent, in your own words, is always your duty; the law expects it.
Consent law	§ 201 StGB, California Penal Code 632 and 18 U.S.C. 2511 set consent rules.
Recording notice	The optional email reaches outside invitees 10 minutes to 48 hours before the call.
Meeting chat notice	Jamie posts "Jamie (meetjamie.ai) is transcribing this meeting." in Teams, Meet or Zoom chat.

Jamie Generates Meeting Notes With an Executive Summary and Action Items, With Each Speaker Identified by Name

Jamie generates meeting notes with key points and action items, using deal templates, custom vocabulary and speaker names.

Jamie generates an executive summary, a complete summary, and the action items for every meeting. Jamie identifies each speaker by name and asks you to name a new voice once.

You may select from our 8 built-in templates or the 30 in our template library; then Jamie regenerates the summary in that same format. Writing up a buyer Q&A with the CFO, counsel, and two bidders, you'll want to know about our meeting notes, templates, custom vocabulary, speaker identification, Speaker Memory, and Ask Jamie:

Feature	Description
Meeting notes	The executive summary covers what matters. Action items are assigned automatically by speaker.
Templates	8 built-in templates, plus 30 in our template library, including Due Diligence Call.
Custom templates	Free gets 1 custom template, Plus 3, Pro unlimited; library templates count toward it.
Custom vocabulary	Add deal code names once; Jamie is then far likelier to spell them right.
Speaker identification	Names come from your calendar. Name a new voice once, from a short clip.
Speaker Memory	Once you name the CFO, Speaker Memory remembers that voice in later meetings.
Ask Jamie	Ask Jamie answers across all your meetings, unlimited, on every plan including free.

Jamie Runs on SAML SSO and SCIM, With Audit Logs, IP Allowlisting and Retention Rules on Enterprise

Jamie's SSO, provisioning, audit logs, IP allowlisting, retention and integration controls

Jamie's Enterprise plan includes SAML single sign-on (SSO) and Directory Sync. The plan also includes an immutable audit log, IP allowlisting and custom retention periods. If your IT head has to approve Jamie for a 40 person team, they will want to know about SSO, provisioning, audit logs, IP allowlisting, retention and integration controls:

Feature	Description
Single sign-on (SSO)	We run SAML 2.0 sign-in through Okta, Microsoft Entra ID or Google Workspace.
Directory Sync (SCIM)	Accounts follow your identity provider: we add joiners and remove leavers for you.
Audit Logs	Logins, role changes, deletions and API keys land in a log nobody can edit.
IP allowlisting	Access stays inside your bank's IP ranges; API keys and MCP fall outside it.
Data retention	You set how long we keep meetings and transcripts, from immediately to two years.
Integration access controls	Your admin can switch off Salesforce or MCP for everyone until compliance approves.

Jamie Logs Meeting Notes to DealCloud, Affinity, Salesforce, HubSpot, Dynamics 365 and Attio

Jamie logs your meeting notes into DealCloud, Affinity, Salesforce, HubSpot, Dynamics 365 and Attio. Integration depth matters here, because it decides whether the CRM grunt work after every call goes away.

You open a meeting, then press Share and send the notes to the record of your choice. Notion, OneNote and Google Docs can also sync every meeting automatically once you turn on auto-sync for that integration. With twenty buyers in a sale process, you will want to know how each CRM takes your notes and which other deal tools Jamie can work in:

Feature	Description
DealCloud	Notes log as a DealCloud interaction, contacts matched by email, on Team and Enterprise.
Affinity	Affinity people, companies and opportunities get your logged notes, on the Enterprise plan.
Salesforce	On Pro and above, we attach notes to Salesforce Leads, Contacts, Opportunities or Accounts.
HubSpot	HubSpot contacts, companies and deals show your notes in their Notes section, from Pro.
Dynamics 365	Dynamics 365 Sales records take the summary, transcript and tasks, on Pro or higher.
Attio	Send the summary, transcript, and action items to Attio records; Pro unlocks it.
Agent Connectors	Jamie is agentic: the Agent acts inside Carta, Microsoft 365 and Blockbrain for you.

Jamie's pricing

Free: €0 per month
Plus: €25 per month
Pro: €47 per month
Team: €39 per seat per month
Enterprise: Custom pricing

Source: Jamie pricing page

What Jamie users love

No awkward bot on the call

"I like Jamie because it's a bot-free AI note-taker that can take notes without an awkward bot on the call." Verified User in Design, G2

Accurate transcripts and well organized summaries

"The transcription is also usually very accurate. I also like the AI summaries it generates after the call - they're well laid out and organized, especially compared to other AI note-takers." Verified User in Design, G2

What Jamie users flag

The free plan carries a 30 minute meeting limit

"The 30min meeting limit, but I understand that's the business model ;)" Charlotte Z., G2

One reviewer is waiting on a ClickUp integration

"I feel Jamie could improve by offering more integrations with other software. I'm mainly missing a ClickUp integration." Alberto A., G2

2. Fellow: Best AI Note Taker for Information Barriers and Retention Controls

Best for: Fellow is the best AI note taker for banks that need information barriers and retention controls on recorded meetings.

Similar to: Jamie, Fireflies, Otter and Zocks.

Fellow - AI meeting assistants for sales — Source: Fellow

Fellow is an AI note-taking application, and Fellow markets it as built for how investment banks work. The data captured in Fellow meetings stays behind your firm's information barrier, governed by the permissions, supervision and retention established by your firm.

Fellow's key features

Information barriers: Fellow enforces barrier policies between business units across the meeting library.
Optional Zero-Day Retention: on Enterprise, recordings and transcripts are deleted after processing.
Botless recording: Fellow captures Zoom, Teams, Google Meet, Slack Huddles and in-person meetings.
Transcript redaction: Fellow redacts figures that should not travel, on the Enterprise plan.
Audit logs: on Enterprise, Fellow exports exam-ready audit logs through its Super Admin API.
SOC 2 Type II: Fellow is SOC 2 Type II certified, GDPR and HIPAA compliant.
Consent capture: Fellow lets attendees review a recording notice before Teams meetings.
No AI training: Fellow's AI is never trained on your meeting data.
SSO and SCIM: Fellow supports SSO and SCIM provisioning for enterprise deployments.
CRM sync: Fellow syncs HubSpot from Solo, and Salesforce on Business and above.

Fellow's pricing

Free: 0 dollars per month
Solo: 29 dollars per month
Team: 11 dollars per user per month
Business: 23 dollars per user per month
Enterprise: 25 dollars per user per month, billed annually only

What Fellow users love

Recordings and summaries that make sense

"I like using Fellow for its great meeting recording and summaries that make sense." Kevin S., G2

Threads stay connected across meetings

"I also appreciate how it allows the collation of multiple meetings and keeps the threads connected together, which is essential for my work." Cris T., G2

What Fellow users flag

Sometimes the notetaker does not join the call

"sometimes it does not join calls, and you dont know. and that sucks." Rebecca R., G2

One reviewer reports crashes and slow joins

"Sometimes it crashes. Sometimes it takes longer for an immediate meeting to join" Verified User in Wholesale, G2

3. Fireflies: Best AI Note Taker for Conversation Intelligence and 200+ AI Skills

Best for: Fireflies is the best AI note taker for teams that want conversation intelligence and AI Skills across their calls.

Similar to: Jamie, Fellow, Otter and Zocks.

A Fireflies AI Skill setup screen, a "Social Engagement" skill set to run per meeting with a text output, the kind of single-prompt skill that spends AI credits each run. — Source: Fireflies

Fireflies calls itself an AI teammate for meetings, email, chat and CRM. From Pro, Fireflies also creates tasks automatically after every meeting and goes beyond notetaking with 200+ AI Skills.

Fireflies' key features

Conversation intelligence: Fireflies tracks talk time and sentiment from Pro, fuller insights on Business.
AskFred: Fireflies includes AskFred, an AI assistant, on every plan, limited on Free.
Transcription in 100+ languages: Fireflies transcribes meetings in over 100 languages, on every plan.
Real-time notes: Fireflies shows live transcription and notes while the meeting runs.
Compliance controls: Fireflies Enterprise adds SSO, SCIM, audit logs and custom data retention.
SOC 2 Type II: Fireflies is GDPR, SOC 2 Type II and HIPAA compliant.
Recording notices: Fireflies emails participants an hour ahead and can post chat notices.
No AI training: Fireflies never uses your data for AI training.
Deal CRMs: Fireflies syncs meeting data and tasks to Affinity and Attio.
Private Storage: Fireflies Enterprise stores your meeting data at your preferred location.

Fireflies' pricing

Free: 0 dollars per month
Pro: 18 dollars per seat per month
Business: 29 dollars per seat per month
Enterprise: 39 dollars per seat per month, billed annually only

What Fireflies users love

A searchable memory for the project

"Fireflies Notetaker has become less of a transcription tool for us and more of a searchable memory for the project." Samantha V., G2

AskFred catches what you missed

"Its inbuilt Ask Fred Option - It helps me save tonne of time in understanding anything I missed during the call." Verified User in Consulting, G2

What Fireflies users flag

Transcripts and summaries can need manual review

"One challenge I experienced with Fireflies.ai was that, at times, the transcription accuracy and meeting summaries required additional manual review, especially in fast-paced conversations or meetings with multiple speakers." Pamela R., G2

Transcription in some languages lags behind English

"I find the support for foreign languages can still be improved; the transcription for certain languages is still pretty bad and not accurate compared to English." Verified User, G2

4. Otter: Best AI Note Taker for Answering Questions Across Your Meetings

Best for: Otter is the best AI note taker for teams that want to ask questions across their meetings with Otter AI Chat.

Similar to: Jamie, Fellow, Fireflies and Zocks.

Otter describes itself as a Conversational Knowledge Engine. Otter makes your meetings searchable, and Otter AI Chat answers questions about those same meetings.

Otter's key features

Otter AI Chat: answers questions across your meetings, with 20 monthly queries on Basic.
Live transcription: Otter transcribes your Zoom, Teams and Google Meet calls live.
Bot-free desktop app: Otter records from your Mac or Windows desktop without a bot.
Otter MCP server: Otter offers an MCP server on every plan, including free Basic.
Enterprise controls: SSO and SCIM from 100 users, plus a HIPAA add-on.
SOC 2 Type 2: Otter is SOC 2 Type 2 compliant, with industry-standard encryption.
Recording disclaimer: Otter Enterprise emails attendees a disclaimer and captures Teams recording permission.
Training opt-out: Otter Enterprise keeps your organization's data out of model training.
Audit logging: Otter adds activity logs on Business and audit logging on Enterprise.
Data retention: Otter Enterprise offers custom retention and removes audio from conversations.

Otter's pricing

Basic: 0 dollars per month
Pro: 16.99 dollars per user per month
Business: 30 dollars per user per month
Enterprise: Schedule a demo

What Otter users love

Staying focused on the call instead of the notes

"AI Meeting Notes has changed the way I run discovery calls because I can stay focused on how the prospect answers, instead of scrambling to capture budget, competitors, dates, technical concerns, and names while the conversation keeps moving." Rostyslav M., G2

Real time transcription and automatic summaries

"I like Otter.ai's accurate real-time transcription and automated meeting summaries." Haleama A., G2

What Otter users flag

One reviewer says fixing a transcript can take three times the audio length

"The transcriptions are pretty inaccurate, and a ten-minute audio can take three times as long to fix because so much of it is wrong." Alex T., G2

One reviewer finds Otter works almost only in English

"I find Otter.ai has limitations with language support, as it operates almost exclusively in English, which makes it struggle with non-English conversations, code-switching, or multilingual team meetings." Khalid s., G2

5. Zocks: Best AI Assistant for Financial Advisors

Best for: Zocks is the best AI assistant for financial advisors who want client notes without the conversation being recorded.

Similar to: Jamie, Fellow, Fireflies and Otter.

Zocks calls itself the AI assistant for financial services, built for financial advisors. Zocks takes notes, automates meeting prep, drafts client emails, fills forms and updates client profiles. Client conversations are never recorded by Zocks.

Zocks' key features

Notes without recordings: Zocks captures notes while client conversations are never recorded.
No LLM training: no LLMs hold or train on your Zocks data.
40+ integrations: Zocks offers 40+ deep, two-way integrations across your CRM and wealth stack.
Zocks MCP: connects Claude and ChatGPT to your client intelligence, on Professional and up.
Retention policies: on Professional and up, Zocks offers customized data retention policies.
SOC 2 Type II: Zocks holds SOC 2 Type II certification.
Consent announcements: Zocks posts a Zoom chat notice, audio announcement or disclaimer.
Consent audit log: Zocks keeps every consent change in a read-only audit log.
SAML single sign-on: Zocks provisions users on demand with automatic role setup.
Advisor CRMs: Zocks saves notes to Redtail, Wealthbox, Salesforce, Dynamics, HubSpot, Zoho and more.

Zocks' pricing

Essentials: 80 dollars per user per month
Professional: 140 dollars per user per month
Ultimate: 220 dollars per user per month

What Zocks users love

Time back with clients instead of on notes

"Zocks frees me up to focus on my clients, rather than getting down every little detail." Denise T., G2

Easy to start, and each advisor can customize it

"The ease of use right out of the box but also having the further ability to customize for each advisor has been very helpful for each individual situation here." Kevin B., G2

What Zocks users flag

One reviewer has not found a way to fix recurring misspellings

"There are some misspellings I catch at times that are consistent and I haven't found a way to make it constantly spell certain words or people certain ways." Nicholas R., G2

Occasional interface failures, and SmartOffice task updates for joint meetings

"Occasional interface failures. I use SmartOffice and when you update contacts after reviewing meeting summaries, you can't update tasks for two people when you meet with more than one person." Zebulon L., G2

Final Verdict on What's the Best 5 AI Note Takers for Investment Banks?

Jamie is the best AI note taker for investment banks whose deal teams need consent first, bot free notes on client and counterparty calls. All meeting data is stored and processed in Europe under GDPR, and Jamie is ISO 27001 certified and DORA-ready.

You can also pick a different tool when the job is different:

Choose Fellow when you want a structured agenda before calls.
Choose Fireflies when you need call video recordings from Pro.
Choose Otter when you need to import recorded audio files.
Choose Zocks when you need financial planning and tax integrations.

Our Picks for the Best AI Note Takers for Investment Banks

Jamie is our pick if your week is full of client and counterparty meetings. We genuinely like the other two for the jobs they were built for, which means you can see which one is yours.

Jamie, the meeting intelligence platform for calls carrying MNPI: consent first with no bot, call audio deleted once the transcript exists on every plan, and Enterprise transcripts deleted immediately or on your schedule. Enforces information barriers. Data stays in Europe under GDPR, ISO 27001 certified, DORA-ready, and never used for model training.
Fellow, the AI notetaker built for how investment banks work: Fellow enforces information barriers between business units, redacts figures that should not travel and offers optional zero day retention on Enterprise. Fellow’s AI is never trained on your data, and Fellow is SOC 2 Type II certified.
Zocks, the AI assistant for financial advisors: Zocks never records client conversations, which means there is no audio to protect, and no LLMs hold or train on your data. Zocks is SOC 2 Type II certified and routinely passes security reviews from large financial institutions.

The choice is yours to make.

Investment Professional
NORD Holding
Private Equity · 10-50 employees
~120-150hrs
saved weekly across the company

Choosing tools beyond note taking? See our list of AI tools for investment banks.
Working in private equity rather than banking? Read our guide to AI note takers for private equity.
Meeting investors and LPs all week? Read about AI meeting note takers for investors.
Need every call to stay under GDPR? Compare the GDPR note takers in Europe.
Most of your calls run on Microsoft Teams? See the AI meeting assistants for Microsoft Teams.

Frequently Asked Questions About AI Note Takers for Investment Banks

Are AI Note Takers Allowed in Investment Banking?

Yes, as long as your compliance team has approved the vendor. Your compliance team verifies where meeting data is located and whether the vendor trains a model on your meeting data. They also check whether a bot will join your meetings. Jamie stores all meeting data in Europe under GDPR. Jamie does not train a model on your meeting data. No Jamie bot joins any of your meetings. Consent starts with you: verbal consent, then the optional Recording notice email beforehand and the meeting chat notice in the call.

What Should an Investment Bank Look for in an AI Note Taker?

Look for a specialized, secure note-taking tool rather than a standard consumer option. Your compliance team will look for strict data governance: configurable retention, access controls, a granular audit trail and no model training on your meetings. Jamie stores all meeting data in Europe under GDPR and never trains a model on your meetings. On the Enterprise plan you also get custom retention periods, SSO, SCIM and an immutable audit log. When you evaluate tools like AI meeting notetakers for hedge funds or deal teams, ask how the vendor handles sensitive conversations. Check output accuracy and your regulatory exposure on a real call first.

Can I Use an AI Note Taker on a Due Diligence Call?

Yes, as long as your compliance team approves the note taker and everyone on the call agrees to be recorded. With Jamie, you obtain verbal consent at the start of the call. You can also switch on the optional Recording notice email beforehand and the meeting chat notice during the meeting.

Is an AI Note Taker Safe for MNPI?

Yes, if the vendor gets three things right. Those are where the audio is stored, where the notes are stored, and who is allowed to train on your meetings. Jamie deletes the meeting audio as soon as the transcript has been created. All meeting data is stored and processed in Europe under GDPR. Jamie complies with GDPR, is ISO 27001 certified, and never trains a model on your meetings.

Do AI Meeting Notes Count as Books and Records?

FINRA says its rules are technology neutral, which means they also apply to firms that use generative artificial intelligence (AI). That means an AI-generated note has the same requirements for recordkeeping as any other document used for business purposes. Talk to your compliance team about the policies for maintaining records. SEC Rules 17a-3 and 17a-4 and FINRA Rule 4511 set out how long those records must be kept. Compliance standards for investment banking include these SEC and FINRA recordkeeping guidelines. On the Enterprise plan, you can set custom retention periods in Jamie based on your internal policies.

Is It Legal to Record a Client Call With AI in Germany?

Yes, but only with the consent of everyone you record. Under § 201 StGB, recording or saving somebody's private spoken words without their approval is a crime in Germany. Jamie is built for this standard. Verbal consent comes from you, and two optional notices back it up: the Recording notice email and a meeting chat notice during the call.

Is It Legal to Record a Client Call With AI in the US?

Yes, as long as you have the right consent. To comply with the federal law, 18 U.S.C. 2511, you will need the consent of at least one party in your meeting. In about 11 states, among them California, Florida and Washington, you must obtain the consent of all parties involved, under California Penal Code 632. Jamie makes obtaining that consent easier. You obtain verbal consent, and the optional Recording notice email and the meeting chat notice tell everyone else.

How Does Microsoft Teams Handle AI Note Taker Bots?

Microsoft Teams identifies incoming bots from outside your organization. By default, Teams sends them to the waiting room, also known as the lobby, for someone to admit. Microsoft calls this meeting policy ExternalBotAccessMode, which is set to RequireApprovalWhenDetected. Jamie never joins as an active participant in your meeting, since Jamie records from your laptop. Before recording, you still obtain verbal consent, backed by the optional Recording notice email and the meeting chat notice for every attendee.

What Is the Best AI Note Taker for M&A Deal Teams?

Jamie is the best AI note taker for M&A deal teams who need consent first, bot free notes. Jamie stores your notes in Europe under GDPR. Jamie is GDPR compliant, ISO 27001 certified and DORA-ready. Participants give verbal consent when you ask, with the optional Recording notice email and the meeting chat notice as two written backups. On the Team and Enterprise plans, your notes from Jamie go to DealCloud when you press Share.