Wealth Management and AI: An Exploration – Webinar

Generative Artificial Intelligence (AI) has created a “wow” factor that might have surprised wealth management figures. There are several use cases for AI – the task now is to refine how the industry puts them into practice, a webinar hosted by WealthBriefing in conjunction with EPAM has heard.

AI will move from general adoption to more specialist uses and may take several years to do so in wealth management, Glenn Murphy, who advises C-suite executives in wealth management, said.

Murphy said AI could move from widespread use to being more sector-specific, all the way down to the individual level. He said there is a raft of use cases, such as helping clients and advisors make decisions, driving personalization of services, helping with KYC and compliance functions and regular client reviews.

EPAM, a leading digital transformation services and product engineering company, has already explored such ideas in a white paper white paper, How Financial Services Organizations Can Automate Processes to Optimize for Growth. 

Murphy spoke alongside Panos Archondakis, VP and global head of banking and wealth management at EPAM; Debbie Wills, head of wealth management for Europe at Standard Chartered Private Banking; and Stephen Harris, chief executive, ClearView Financial Media, WealthBriefing.

To access the webinar, click here.

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