📌 UBS: AI to Reshape Financial Services 🤖💰

[madmax]

UBS analysts say AI is becoming central to banking, insurance, payments, asset management, exchanges, and REITs. A global survey found that firms see AI as potentially transformative — with laggards at risk of falling behind.

So far, the financial impact is limited, but expectations are high:

Banks are using AI for chatbots, credit monitoring, and coding.

Insurers apply it in claims, underwriting, and portfolio construction.

Asset managers, exchanges, and REITs focus on efficiency and customer service.

UBS believes larger, established firms with early AI adoption will capture the biggest benefits.