Wealth managers are taking up generative AI (GenAI) in spite of increasing reliability concerns, according to a study from EY.
The study of more than 225 senior decision-makers revealed that 75 percent of wealth and asset management firms are mobilising GenAI teams.
More than four-fifths (84 percent) of wealth and asset managers are already investing in GenAI or making plans to invest.
Across the industry, the primary drivers of GenAI investments ...
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