The AI in Business Podcast

Driving AI Adoption in Wealth and Asset Management - with Deep Srivastav of Franklin Templeton

19 snips
May 23, 2025
Deep Srivastav, Chief AI Officer at Franklin Templeton, shares his expertise on the transformative power of AI in wealth and asset management. He discusses the challenges of accuracy, regulation, and data integration that firms face when implementing AI. Srivastav emphasizes the importance of strategic, cross-functional collaboration over isolated use cases. He reveals how to craft an effective AI roadmap that balances impact and feasibility, highlighting the critical role of data quality in personalizing financial services and enhancing client relationships.
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INSIGHT

AI Revolution in Knowledge-Driven Finance

  • Wealth and asset management is knowledge-driven, not product-driven, making AI a game changer in this sector.
  • Generative AI enhances traditional AI by handling context-rich information to improve investor outcomes.
ADVICE

Think Processes, Not Use Cases

  • Leaders should focus on transforming big business processes instead of isolated AI use cases.
  • This shift aligns AI initiatives with ROI and facilitates assembling specialized AI agents for comprehensive process transformation.
ADVICE

Find the Goldilocks AI Projects

  • Start AI initiatives with projects big enough to make impact yet manageable to implement quickly.
  • Engage business, technology, and legal partners early to ensure alignment and readiness for process redesign.
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