UBS Backs AI over Blockchain for Wealth Management

Swiss banking giant focuses on intelligent machines for advisory over distributed-ledger projects

AI services, including robo-advising, may play a much bigger role in wealth management than blockchain.

Switzerland-headquartered UBS is developing a hybrid approach for financial advisors and their clients that takes advantage of artificial intelligence (AI). While still in its nascent stages, one of its senior executives believes that the technology has far more potential for specific business cases than blockchain, which has held the top spot as the darling of fintech for years.

“I think artificial intelligence will play a much bigger role in wealth management than blockchain,” says Apurva

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