How Artificial Intelligence Can Meet the Economic Challenges of the Asset Management Industry

Muriel FAURE * Head of Innovation Committee, Association française de la gestion financière (AFG). Contact : M.Faure@afg.asso.fr.

Financial services, including asset management, like all economic sectors, will be profoundly transformed by the adoption of digital technologies by 2025 for the benefit of customers and stakeholders. The French asset management industry is a key industry of the economy. Alongside banks, it contributes to finance the different stages of entreprises. This industry is composed by around 650 companies which manage more than 4,000 billion euros and represent nearly 100,000 jobs. They face important strategic issues that have a negative impact on their revenue growth and on their margins. How to answer it? Invest in digital technologies. Artificial intelligence tools make it possible to improve the funds performance, to better know customers or to capture new ones, to improve business processes, to reduce the number of intermediaries... However, their penetration will require structural changes on data management and on the management of human resources.