The rise of AI seems to be constant, as the technology continues to push the boundaries of what can be expected of its use. Across the entire FinTech sector, AI – particularly Gen AI – is creating disruption and innovation in equal measures as firms seek to harness the technology for their benefit.
FinTech Global recently sat down to talk to Dion Kraanen, managing director at Brightstone, to discuss the role artificial intelligence is playing within the wealth management industry.
In areas of the sector like assets and wealth management, making AI work for firms is going to be the most critical aspect of whether the technology takes off as succesfully as expected or not. For Kraanen, one of the big challenges for firms will be to take a holistic view to make AI work on an enterprise level. This requires, he believes, long-term thinking and strategic leadership to acheive success.
Looking long-term, Kraanen made clear his belief that AI will enable asset and wealth managers to operate with an agile and innovative mindset, whilst also keeping in mind regulatory obligations and their clients’ financial goals.
“Technology nowadays is just simply too advanced, its readily accessible and its potential is on full display everywhere. You just can’t afford to not get involved,” said Kraanen.
See the interview below.
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