Asset management and investment

Due to a lack of skilled compliance staff, manual checks are slowing down business, and more than two-thirds of banks see AI and ML technology as essential tools for addressing the increasing complexity of trade surveillance.

A new study by Acuiti found in November that global financial firms are increasingly turning to technology for efficiency, with a clear desire for more automated workflows.

However, this is driven by regulatory requirements and made worse by volatility.According to KPMG’s Henninger, “AI has already transformed trading in some respects via algorithmic trading.”