AI For Wealth Management: How Banks Should Prepare

  • “Already, 46% of consumers admit that they feel overwhelmed when it comes to financial affairs. Empowering them with the right tools can help you secure their loyalty for the next decade. That is particularly important as, by 2029, millennials will control the largest share of disposable income, making them the ideal candidates for wealth management services.
  • Robert Golladay, general manager, Europe, at CognitiveScale, shares the same sentiment and says, ‘The winners in the wealth management space are probably going to use AI to understand how a person wants to be communicated with and marketed to.’”

https://www.digitalistmag.com/digital-economy/2020/05/19/ai-for-wealth-management-how-banks-should-prepare-06203775