Collaboration is key
What’s it all about?
AI offers many benefits for financial-services firms: it can enhance efficiency and productivity, reduce errors and improve reporting. Collaborative efforts have substantial potential to harness the power of AI for the benefit of all stakeholders.
In ‘AI applications in financial services’, we worked with a number of partners to examine the pros and cons of applying AI to stewardship in asset management. Covering areas like alpha generation in investment, stewardship in asset management, algorithmic trading and employee-hiring processes, the paper argues that AI should not be thought of as just a business tool, but rather as a transformative business philosophy that needs to be considered in a very broad, multi-dimensional context.
What’s the impact on investors?
AI offers value to long-term investors through its ability to enhance their understanding of companies and their portfolios, which in turn supports stewardship activities. We believe that collaborative efforts within the industry have the opportunity to harness the power of AI, which could ultimately help deliver sustainable wealth.