Fintech Workforce to Expand Thanks to AI
Cambridge University predicting that fintech workforce will expand by 19% by 2030 due to AI (read the full article here).
For buy-side investment managers, AI tools such as natural language processing (NLP), machine learning and data analytics can be game changers with regards to productivity within the front and middle office. That being said, people are still at the heart of any given process and portfolio managers, traders, compliance and ops staff are as essential as ever. Forward looking managers are looking to add AI related skillsets to their organizations and the best way of doing so is by moving away from expensive legacy/incumbent OMS/PMS systems as quickly as possible and selecting new software partners, which often reduces system costs and adds to the bottom line.