Industry urged to look beyond cost cutting and use AI to boost revenues
Automation could produce more than US$500 billion in additional revenues for the global financial industry by 2020
- By: James Langton
- July 12, 2018 October 14, 2019
- 16:15
Automation could produce more than US$500 billion in additional revenues for the global financial industry by 2020
Lower revenue and higher compliance costs may force smaller firms out of business and impact advisor compensation
Policymakers should be cautious in setting minimum standards and allow a great deal of local flexibility
Clients have the option to handle simpler transactions on their own, while advisors can help with more complex financial needs
Six principles aim to better engage millennials in investing
The fixed-rate bonds will be used to finance projects devoted to the environment
Greenwich announces 2018 share and quality leaders in Canadian equities
The increase will raise the cost of borrowing for clients with variable rate mortgages and lines of credit
U.S. markets also move lower
Central bank predicts economic resilience despite trade risks
Greystone’s focus on alternative asset management diversifies the bank’s product lineup
The American Blockchain and Cryptocurrency Association is open to investors, entrepreneurs, exchanges and professional firms
The S&P/TSX composite index rose 58.63 points to 32,058.73
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
The pension fund is investing up to US$1.05 billion
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
High-profile firms and their clients were targeted in 2025
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record