Wealth and Asset Management

How to Manage Fraud Risks in Wealth and Asset Management

Wealth and asset management firms are prone to fraud risks that can severely impact clients and financial institutions. In recent years, fraud incidents in the wealth and asset management industry have surged. An EY report reveals that 68% of firms in this sector encountered a rise in fraud incidents during 2020. These risks include various …

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How AI and Machine Learning Are Transforming Wealth and Asset Management Services

Modern technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), are helping the services industry to meet the rising client expectations for personalized and efficient financial services. As a result, the banking services industry is also actively embracing AI and ML technologies to improve their efficiency, productivity, and client experience. These technologies are also …

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