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AII to revolutionize asset management

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By Mercy Kelani

Finding ways to implement AI inclusively is crucial for its success.

Abisoye Ajila, a specialist in financial services and Technology, explores the potential of algorithmic investing intelligence (AII) to revolutionize asset management. Alongside Chinwe Michael, they delve into how AI can enhance financial inclusivity in Nigeria. AI is making a big impact in the financial services industry, following closely behind healthcare and automotive. A report suggests that North America and Africa could see big gains from AI technology, with projections of $3.7 trillion and $1.2 trillion in benefits by 2030.

Given the potential for artificial intelligence to revolutionize areas like asset management, banking, and Insurance, it is essential for regulators, Investors, and industry leaders to collaborate and invest strategically in order to stay ahead of the curve. AI’s impact on financial inclusion is raising concerns. Finding ways to implement this technology inclusively is crucial for its success. AI has the potential to enhance financial access worldwide, not limited to just Nigeria. The Central Bank of Nigeria released a report in December 2023, revealing that financial inclusion was at 74%, with a remaining gap of 21% to reach the goal of 95%.

Its advancements can help personalize financial services.

In the United States, many Black and Hispanic Americans, as well as families making less than $25,000 a year, do not have access to traditional banking services, leading to reliance on expensive alternatives that worsen financial inequality. The Aspen Institute Financial Security Program’s study on savings and investments emphasizes the pressing importance of addressing this issue. As per the report, the majority of Private Sector employees in the US have the option for Retirement benefits, but less than half actually contribute to a retirement fund. Additionally, over half of households in the working-age bracket are facing potential risks when it comes to retirement planning.

The importance of Fintech in converting exclusion into economic opportunities is highlighted by these statistics, ultimately driving socio-Economic Growth. AI advancements can help personalize financial services by analyzing data to create accessible options for underserved communities. This technology can also improve credit scoring, risk management, Fraud detection, and Loan disbursement processes for those in need. With a wealth of experience in various financial industries and strong educational backgrounds, experts are well-equipped to collaborate with global technology companies and utilize Algorithmic Investing Intelligence (AII) to drive progress in the United States and Africa.

This innovative technology improves speed and efficiency.

Artificial intelligence is changing the game in financial services by utilizing data analysis to make strategic decisions. In the world of asset Wealth Management, the goal is to enhance customer satisfaction by using machine learning to analyse customer transaction patterns. This method helps in identifying common trends and better understand what affects transaction outcomes. Furthermore, by incorporating outside data sources like financial knowledge and client preferences, it enables personalized decision-making, ultimately improving the quality of service provided.

Portfolio managers have their own unique strengths and weaknesses, but when combined with artificial intelligence, they can work together to benefit the customer. The traditional goal of portfolio optimization has been to maximize profits for both businesses and customers through the expertise of portfolio managers. Unfortunately, this approach frequently fails to meet its objectives, leading to dissatisfaction among customers. Adopting artificial intelligence revolutionizes the way portfolio managers analyse data and make asset allocation recommendations. This innovative technology not only improves speed and efficiency but also enhances diversification and adaptability, leading to better outcomes for investors and financial institutions alike.

Related Article: Nigeria’s Adoption of AI can Boost Economy

Robo-advisors, a type of technology that combines Finance and Innovation, are a key tool in expanding financial access. Despite their popularity in the finance industry, robo-advisors have yet to reach their full potential in Nigeria. Robo-advisors play a crucial role in promoting financial inclusion by providing affordable Investment management options, shifting the focus from expensive portfolio managers to offering educational resources, recommendations, and inquiries. This shift helps reduce costs and management fees, ultimately democratizing access to cost-effective investment solutions.


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