Financial institutions around the globe must tackle the positive and negative implications of GenAI technology to build next-generation digital platforms while focusing on the human element of the industry. While a third of surveyed wealth management firms in Canada believe there is a place for GenAI in their businesses, considerable indecision remains across the board about what the actual use cases will ultimately be.
This report reviews how wealth management firms in Canada are engaging with GenAI-driven solutions, how they are thinking about AI/machine learning and prioritizing it against or complementing it with other key technologies and capabilities, and what they view as the next three key pieces of functionality for their client reporting platforms. It is principally based on responses to a quantitative survey posed to 21 Canadian wealth management practitioners in Q3 2023.
Clients of Datos Insights’ Wealth Management service can download this report.
About the Author
Wally Okby
Wally Okby is a Strategic Advisor for Datos Insights’ Wealth Management practice. He is a thought leader and trusted advisor to leading global clients across North America and EMEA, including alternative investment stakeholders, global private banks and wealth managers, portfolio management and reporting vendors, core private banking technology providers, ESG rating agencies and specialized data providers, and socially responsible investment...