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tion advice, stock trading decision support, research and analysis, risk modeling, robo-ad-visors; and increases automation in intelligent document reading, automatic report gener-ation, cross asset clearing, mobile reporting and other activities.[3.1] Sales and trading — stock trading decision support: in an age when the volume of market information has increased significantly, stock information analysis, which used to require a lot of manual work, can be executed quickly and on a large scale using AI. For example, millions of social media messages and data from other non-traditional information sources as well as traditional economic databases can be analyzed instantaneously using a big data-based machine learning algorithm, and
The Boston Consulting Group · China Development Research FoundationMarch 2018The Impact of Artificial Intelligence (AI) on the Financial Job Market15perform analysis on historical data and statistical probability by machine learning to identify black swans before the market reacts.[3.2] Sales and trading — risk modeling: in risk management, AI can identify complicated structured and unstructured data sets and automatically apply machine learning to risk modeling in a standardized way to effectively reduce the time required for risk modeling.D. Application of supportive functions in the financial industryCompliance, IT, human resources, finance and other back-office supporting functions in the financial industry involve a lot of highly repetitive work, which is easily replaced by the application of AI to many such processes that are common to the financial sector, including the banking and insurance industry and capital markets. Based on a large num-ber of case studies, we found that AI can be applied widely to various aspects of back-of-fice functions that involves compliance risk testing, data analysis, document processing and other activities. (See Exhibit 7.)Sources: expert interviews; BCG case experience; BCG analysis.Personalized portfolio customization Research & analysisMulti-channel UI communicationEquity trading decision-making supportRisk modelingRobo-advisors3.13.2Migration reportsCross-asset class liquidationSmart document analysisAutomatic report generationAAutomation IIntelligent analysisand decision-makingNNew business modelsand industries••Internal compliance detectionSuspicious activity warnings•Online risk detection••Resume / interview screeningInteraction with candidates•••Accounting automationLegal researchAssisting law enforcementSales & paymentSettlement &custodianshipReporting &data analyticsSupport forinvestmentdecision-makingIssuing securitiesPrimary marketAI platform & servicesAI infrastructure & algorithmsLevel of specializationCoreprocessesMachinevisionSpeechrecognitionNatural-languageprocessingInformationprocessing Learningfrom dataPlanningand exploringagentsSpeechgenerationImagegenerationHandlingand controlNavigationandmovementDataProcessesActions