AI is transforming the wealth management industry and UK firms are increasingly exploring its potential to improve processes, starting with back-office functions. However, challenges such as legacy systems, data management and increasing regulation remain.
The survey findings present a critical juncture for wealth management firms as they embark on the journey of digital transformation and the integration of AI into their operations. Selecting the right use cases for a firm’s specific needs is central to the successful deployment of AI and leaders must assess the right partner to rely on for their path to innovation to remain competitive and take full advantage of AI-driven opportunities.
Eager to find out what issues operations and technology teams across the UK wealth management industry are facing to effectively harness the potential of AI?
