How generative AI is revolutionizing finance
According to Moody’s, one of the most exciting developments in AI is its democratization. Gone are the days when AI was solely the realm of software engineers. Today, analysts, creatives, and other professionals can leverage these powerful tools to streamline their workflows. Tools like ChatGPT have played a pivotal role in this shift, making AI accessible without the need for deep technical know-how.
KPMG Study: AI Revolutionizes Financial Reporting
The KPMG study ‘AI in financial reporting and audit: Navigating the new era’ reveals that nearly three-quarters of companies already use AI in financial reporting. Within three years, almost all companies plan to adopt AI. Concerns about accuracy and data privacy are significant, while auditors are expected to ensure safe technology use.
Network effect strengthens Frankfurt as a fund location
German fund management is concentrated in a few locations – primarily in Frankfurt. However, German investors often entrust their assets to foreign addresses as well.
