The initiative will include co-innovation, go-to-market efforts & new A.I.-powered digital wealth tools.
Tech behemoth Microsoft has announced a five-year, A.I.-led roadmap to transform the wealth management industry in partnership with London-based wealth management platform provider FNZ. The initiative will include co-innovation, joint go-to-market efforts, and the development of new A.I.-powered digital wealth tools.
According to bigwigs at Microsoft, the goal of the project is to reimagine the wealth management ecosystem using Agentic AI — a subsection of artificial intelligence designed to operate autonomously, take initiative, and make decisions to achieve specific goals with minimal human oversight — as well as other automation and cloud technologies.
FNZ will contribute its technology and knowledge of the wealth management sector, while Microsoft will provide A.I. capabilities, cloud infrastructure, and engineering support. The collaboration commences with the integration of Microsoft Azure A.I. Foundry in FNZ’s global wealth management platform, which currently serves more than 650 financial institutions, over 26 million end investors, and nearly $2 trillion in assets under administration.
Data is another area ripe for transformation. FNZ owns a sprawling wealth management dataset, which it hopes Microsoft’s team of data scientists can work their magic on, to generate more insightful information and a deeper level of personalization using A.I., cloud technologies, and analytics.
As A.I. adoption gathers pace across society, both companies say they hope the deal will serve as a catalyst for wider uptake of A.I. in the wealth management industry.
