{"id":13718,"date":"2019-10-01T07:15:58","date_gmt":"2019-10-01T07:15:58","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13718"},"modified":"2019-10-01T07:15:58","modified_gmt":"2019-10-01T07:15:58","slug":"the-impact-of-artificial-intelligence-on-wealth-management","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/the-impact-of-artificial-intelligence-on-wealth-management\/","title":{"rendered":"The impact of artificial intelligence on wealth management"},"content":{"rendered":"<p>For better or worse, all kinds of industries use artificial intelligence nowadays, and wealth management is no exception. In fact, artificial Intelligence is one of the main trends in the wealth management industry and will change the industry forever for both consumers and companies alike. The three biggest impacts are likely to be:<\/p>\n<ul>\n<li><strong>Consumer behavior being easier to predict<\/strong> \u2013 this will allow wealth managers to customize investment products and improve consumer experiences, maximizing conversion and consumer loyalty.<\/li>\n<li><strong>Regulations being under control<\/strong> \u2013 artificial intelligence (and its capacity to sift through, analyze and understand truly massive amounts of data) will make compliance processes easier, faster and much more accurate.<\/li>\n<li><strong>Consumers being happier<\/strong> \u2013 consumers are likely to notice three main benefits from artificial intelligence in the wealth management industry: lower entry barriers, lower costs and better offers (due to increased competition). All of these tend to make consumers happier. It will also help the unbanked and underbanked access wealth management tools.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.plugandplaytechcenter.com\/resources\/how-artificial-intelligence-killing-wealth-manager\/\">Source<\/a><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13718 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 24th April \u2013 1st May'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-24th-april-1st-may\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/05\/95ccb01e-1209-43b6-a914-150a23e624b1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14872\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14872'>\n\t\t\t\tBFC FinTech Monitor 24th April \u2013 1st May\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Financial Regulators Need to Rein In Big Tech'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/financial-regulators-need-to-rein-in-big-tech\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/08\/8c0518a5-d34f-bf88-1ccf-4e9fa78caf161-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16219\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16219'>\n\t\t\t\tFinancial Regulators Need to Rein In Big Tech\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How should financial institutions react to uberization?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-should-financial-institutions-react-to-uberization\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/group-of-young-businesspeople-analyzing-graph-over-wooden-desk_23-2147839885-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10548\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10548'>\n\t\t\t\tHow should financial institutions react to uberization?\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>For better or worse, all kinds of industries use artificial intelligence nowadays, and wealth management is no exception. In fact, artificial Intelligence is one of the main trends in the wealth management industry and will change the industry forever for both consumers and companies alike. The three biggest impacts are likely to be: Consumer behavior &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13757,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[80,77,453],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13718"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13718"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13718\/revisions"}],"predecessor-version":[{"id":13719,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13718\/revisions\/13719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13757"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}