Forwardlane Uses AI And Machine Learning To Transform Wealth Management
Summary
Particularly when technologies such as AI, machine learning and natural language processing (NLP) are used not to replace people, but to enhance the human connection between business professionals and their customers. These relationships enabled Forwardlane to work directly with private banks and leading wealth managers to understand their overwhelming everyday reality and fine tune the delivery strategy for the platform and APIs. They need technology to help them make sense of a vast array of continuous data across a huge collection of portfolios with highly individualized goals. Using their technology, wealth managers can look into their book of business, organize their day predictably, derive real-time insight and make optimization recommendations that consider specific portfolio risk budgets. Stevenson says they have benchmarked Forwardlane’s performance in two independent tests against 6 other options for expert analysis and found themselves to be 200% to 300% better at recognizing connections in financial data.
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