Wealth Management Firms Expected to More Than Double AI Budgets: Wipro Survey
Wipro Limited (WIT)
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Source: Business Wire
AI budgets in wealth management to surge from 16% to 37%, but a readiness gap in regulatory compliance and skilling of talent threatens to slow down efforts EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today unveiled insights from its report, "AI in Wealth Management: Navigating an Evolving Data-Driven Landscape". The report, based on a survey conducted among 100 executives in the U.S., examines how artificial intelligence (AI) is changing the wealth management landscape and emphasizes the importance of strategic investments in technology infrastructure. It also highlights the role of talent and effective governance in leveraging AI to drive competitive edge.According to the report, the wealth management landscape is experiencing a profound metamorphosis, as AI-driven innovation promises to deliver higher levels of personalization and deeper customer and market ins
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