Unlocking Opportunities in AI: How it Revolutionises Finance in Asia

With intricate complexities behind every investment decision and the critical need to foresee dynamic market movements, financial institutions are turning to innovative platforms and new digital tools in the wealth management space. As more and more customers want to be better informed about the impact of their investment moves, there is an increasing demand for digital solutions to build their portfolios. This also provides significant opportunities in understanding calculated risks they may run into before seizing the stock market and executing a move.

As the Head of Singapore Business and International Markets for ARTA Finance, Amanda Ong shares her insights on the emerging trends in wealth management, from offering hyper-personalised solutions with AI and data analytics to making these digital platforms more accessible to a wide range of users. The era of one-size-fits-all is fading, and the evolution of tech is empowering financial advisors to make investing more inclusive.

Amanda goes deep into,

• The democratisation of wealth management solutions: for financial advisors to guide clients in their investment journeys and grow their existing customer base!
• The emergence of partnership ecosystems: the collaboration between banks, fintech, and wealth managers coming together to provide integrated solutions, combining the strengths of each sector to better serve clients and providing a superior customer experience
• Singapore as the epicentre of global financial markets: forward-thinking regulators like the Monetary Authority of Singapore (MAS) is known as the major booking centre for banks and Singapore and the country is attracting fintechs and businesses from all around the world, claiming its title as a global financial hub.
• Investment Copilot: Allowing you to generate portfolios based on specific investment themes within 3 to 5 minutes that used to take days, improving operational efficiency
• Portfolio Recap: Summarising portfolio performance over a time frame and improving the user experience!
• Best Practices of AI: Extending AI applications beyond that of product suggestions or decision-making in investments to improve the user experience, catering to their individual investment preferences and risk appetites

Technology as an Enabler, not a competitor: As we expect more innovative solutions that redefine the finance industry, Amanda advises us to see every tech disruption as a positive breakthrough, ride the steep learning curve and unlock their potential to better serve clients worldwide.