How can UK fintechs keep pace in the AI race? [Yahoo! Finance]
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Morgan Stanley (MS)
Last morgan stanley earnings: 4/16 07:15 am
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Source: Yahoo! Finance
This tallies with McKinsey's findings that Generative AI could add between $200bn to $340bn in value to the sector. These figures indicate the extent to which AI will increasingly power financial services, informing digital payment advisors, intelligence, bots, fraud detection systems, risk management, trading algorithms, regulatory compliance and process automation. Notable examples of AI implementation include Morgan Stanley's OpenAI powered chatbot, which gives financial advisors access to 100,000 research reports and documents; Wells Fargo's virtual assistant app powered by Google Cloud AI, which is capable of handling nearly 100 million interactions per year; and Deutsche Bank's 2022 partnership with NVIDIA, which facilitates AI and machine learning within its business. Can UK fintechs raise their AI game accordingly? The jury's out. A recent survey from EY found almost half (47%) of leading UK fintechs believe their board lacks the requisite level of expertise in generativ
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MS
Earnings
- 4/16/24 - Beat
MS
Sec Filings
- 6/25/24 - Form FWP
- 6/25/24 - Form FWP
- 6/25/24 - Form FWP
- MS's page on the SEC website