02 Feb 21

Wealth management redefined using artificial intelligence

Unlocking the power of data for business growth

Data science and advanced analytics have been identified by the industry as the most important factors for business growth in wealth management. Leveraging data allows banks and wealth managers to better understand client interests, drive personalization, and create tailored recommendations.

Key benefits include:

  • 5-10% increase in total assets
  • 10-20% increase in client acquisition
  • 30-40% improvement in client experience and satisfaction

Download your free report now to learn how banks and wealth managers best unearth the treasures lying in their data.

Three steps to get started with AI and data science

Implementing data science and AI in wealth management involves overcoming challenges such as finding the right human resources, ramping up infrastructure, and dealing with incomplete or unstructured data. 

We propose three steps to enable banks and wealth managers to better exploit the value from their data:

  1. Build a strategic AI roadmap
  2. Overcome integration complexity with a service partner
  3. Profit from the deep learning effect

Download our report now for full insights on how to get started.

The business value of AI is projected to reach USD 300 billion by 2030.

Source: IHS Markit, 2019

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