Technology

AI: Adding value to the wealth management industry

Artificial intelligence is not always the right answer to data problems, executives of the two firms said at the In|Vest conference.

Apps aimed at the very wealthy have lagged behind those for other groups, but there's interest in developing them, especially ones that track total net worth.

Needs of wealthy clients are "a lot more complex," says Kraleigh Woodford, managing director and head of digital client experience at UBS Wealth Management.

New financial products may be exciting for wealth managers — but one group of people isn't benefitting, warns Neesha Hathi, the chief digital officer for Charles Schwab.

Don’t let this opportunity slip away, says Ilan Davidovici from Salesforce.

Bancor, an Israeli startup that facilitates trading in digital tokens, said a criminal made off with a $13.5 million cache, mostly comprised of Ether.

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion, and that could spell bad news for credit unions.

Data about client behavior will drive better user experiences.

When GDPR went into effect in May, it was expected that the European law would touch a lot of U.S. payment companies because of their international scope. Now it's clear that even purely domestic U.S. firms will have to adhere to some version of the data-privacy law.