Artificial Intelligence solution framework for investment advice - Virtusa Official Blog

Investment banks are evaluating possible avenues for efficiency improvement either through artificial intelligence (AI) or through automation. In fact Robo Advisors are disrupting the traditional wealth management model by attracting large number of millennial customers by providing a differentiated Investment management experience. At the same time new regulations are being introduced to ensure safety of investor funds from improper selling of financial products to gullible investors. There have been a number of instances where financial intermediaries had to pay huge penalties for not being able to appreciate the risks and bring in the right product features while selling the products to customers. The topic of reviewing and selecting a product for the client is largely the judgement of an Advisor.