Expert Opinion: Simon Bussy on Wealth Management - The Fintech Times

Our editor, Nathan Gore, spoke to Simon Bussy, Domain Director of Altus, about the benefits of AI/ML within the Wealth Management sector. What would be your brief outline of the benefits that AI/ML can bring to the Wealth Management sector? The successful firms will be those that demonstrate a willingness to collaborate with technology and recognise that AI – and in particular, machine learning – can help people make better, faster, cheaper decisions. In a world of smart-connectivity, AI is the key to harnessing the power of data, and to a long and sustainable future. While currently AI is being used for very specific wealth management tasks – hedge fund management, robotic stock pickers, 'robo' investment algorithms, client service chatbots, document analysis, RegTech support – increasingly AI will be used to augment business strategy and planning, using the power of data analytics and simulations to help provide answers to critical business questions.