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BT Future of Finance: AI can cover human bias and emotions in investing (Ep 3)

    • AI can never emulate the empathy, true care, commitment and passion of humans, according to Abel Lim from UOB.
    • AI can never emulate the empathy, true care, commitment and passion of humans, according to Abel Lim from UOB. PHOTO: UOB
    Published Thu, Oct 12, 2023 · 05:00 AM

    Can AI really manage your money safely and can it be trusted to make those big financial decisions with you? Would you even want it to?

    The future of finance certainly looks exciting and, perhaps, polarising at the same time. More insights from Abel Lim, head of wealth management advisory and strategy, UOB

    Synopsis: The Business Times Branded Podcasts; finely curated, intelligent, thought provoking content for decision-makers. Inspired by the newsroom of your trusted partner.

    Follow on audio apps Apple Podcasts, Spotify and Google Podcasts, or Google Home smart speaker devices. Produced by The Business Times, SPH Media.

    This episode of Future of Finance podcast is presented by UOB.

    Highlights:

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    01:04 Demand evolution for wealth management

    03:21 Impact of AI and ML on wealth management

    05:18 UOB’s PAT

    07:53 Do wealth advisors have a place?

    08:53 AI, ML and humans a win-win for all

    10:43 Staff embrace AI powered tools

    12:32 Humans’ indelible advantage over AI

    More about:

    UOB

    UOB: Macro Outlook

    UOB: Corporate & Institutional Banking

    Written and hosted by Howie Lim (howielim@sph.com.sg)

    With Abel Lim, head of wealth management advisory and strategy, UOB

    Edited by: Howie Lim & Claressa Monteiro

    Recording engineer: Joann Chai Pei Chieh

    Produced by: BT Podcasts, The Business Times, SPH Media

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