It is undeniable that Artificial Intelligence and Machine Learning has taken the financial world by storm. Today they have become mature technologies, to the point that it is
hard to find a use case where they are not being deployed in some form. Thistrend is unlikely to change as more data, computing power, and better algorithms are paving the way for the “golden age” of financial AI in the next decade. Of course, this almost overnight shift is creating opportunities for challengers and risks for incumbents. I hear many
experienced professionals telling me that today is – to use an old American expression – “not your father’s Oldsmobile”. And I believe it is true.
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Whether it is about banking, insurance, wealth or asset management, firms that resist this revolution will likely share Kodak’s fate...