Chart of the Day: Majority of fund managers look to use AI to reduce manual process
Other fund managers seek to use DLT-related tools.
More than half (54%) of Singapore fund managers said they are planning to tap AI and machine learning to improve their automated operations in the next 12 to 18 months, a Calastone report showed.
Other options are DLT (46%) and robotic process (38%), the chart showed.
Calastone said there is rapidly growing tokenization in Singapore. This includes the central banks projects to push asset managers to use advanced tech to improve investor outcomes.
“In addition to approving a number of digital asset offerings, MAS has also launched its own initiative – Project Guardian – to explore the potential of tokenised financial assets,” read the study.
Responses of nearly 600 mutual fund investment managers and mutual fund asset servicers or administrators from international markets, including Singapore, were included in this study.