AI and GenAI Applications in Asset Management Operations

This technical report discusses the integration of Artificial Intelligence (AI) and Generative AI (GenAI) in asset management operations, focusing on their potential to enhance efficiency and scalability. The study, conducted by Sia Partners in collaboration with the Asset Management Group of SIFMA, identifies key operational processes that can benefit from AI applications. It outlines four specific use cases: documentation analysis and processing, accounting reconciliations for alternative investments, corporate actions, and data visualization. Each use case highlights the challenges faced by asset managers, such as manual data entry, reconciliation discrepancies, and the complexity of corporate actions. The report details how AI and GenAI can automate these processes, reduce errors, and improve data accuracy. It emphasizes the importance of integrating these technologies into existing workflows to streamline operations and enhance compliance. The findings suggest that leveraging AI and GenAI can significantly transform asset management practices, positioning firms to navigate the evolving industry landscape effectively.