Cashflow forecasting is dying. Why not use OpenAI when it’s free?
What about commission reconciliation? Another challenge AI is coming for.
This can easily be done with document extraction tools now.
Fund valuations is another. Not easy to pull through to a central system. There is consistent criticism of their accuracy. Why not check from the original source, and that has become a whole lot easier with the march of computing power and easy-log-ins, cookies, password security apps and so on?
New firms with open-banking are challenging the status-quo.
The Software duopoly of IO and Iress are under focus from an extraordinary array of smaller niche IT players offering individual IT solutions on the front office, the back office, quotes, commissions, und valuations and compliance.
BAT is automating compliance in a way that has never been seen before. BAT AI file checker reduces file check review time by 80%. Why use people, when the machine is more accurate?