In the AI Era, How Should Securities Firms Work? Cleave to Host Seminar for Securities Firm Leaders
TECHWORLD ·
✦ AI Summary
Talentree said on the 15th that it will hold a seminar for securities firm leaders, "In the AI Era, How Should Securities Firms Work?"
The company said domestic securities firms' attempts at AI transformation over the past 2 to 3 years had led to little change in working methods or services.
The seminar consisted of presentations by Cleave product and data leaders, OpenAI, McKinsey, and Microsoft.
Talentree, which operates the financial AX service Cleave, said on the 15th that it will hold a seminar for securities firm leaders, "In the AI Era, How Should Securities Firms Work?" The seminar was born out of a question raised on the front lines of the financial industry.
The company said the question was that, despite numerous attempts in the AI era, there has been no real change within companies. Over the past 2 to 3 years, domestic securities firms have tried AI transformation, but actual changes in working methods have been limited, and service changes have also been limited.
The company cited network-segregation regulations and data fragmentation by department as constraints on AI transformation. Talentree said it aimed to go beyond simply adopting technology through Cleave and propose an innovation in the way people work, and that it organized this event for that purpose.
The event will be attended by financial firms, including more than 20 securities companies. Participants include key executives and organizational leaders heading management and strategy planning, AI and digital transformation (AX/DX), and business units such as retail and WM.
The seminar consisted of a total of 5 sessions and was run with presentations by Cleave product and data leaders as well as by 3 global partners. The global partners were OpenAI, McKinsey, and Microsoft.
The first session was led by Nam Young-cheol, head of product at Cleave. Nam Young-cheol was a founding member of Toss and Toss Securities and led early product planning and design.
Nam Young-cheol spoke on the theme, "How will AI change the experience of individual investors?" He said AI services that understand users' context create high engagement, and he currently operates the AI investment service Throne. He also said that, given how difficult it is to comfortably share concerns in investing, AI will soon take up individual investors' time.
Nam Young-cheol said AI's core value is not simply delivering information. He said AI's core value lies in becoming a partner that understands investors' context and thinks together with them at any time, and he presented the practical elements securities firms need to prepare in order to implement such an AI service.
Shin Jae-seung previously led the data team at Toss and Toss Securities and helped build Toss's data-driven decision-making system, TUBA (Toss User Behavior Analyzer). He currently heads data and AI at Cleave, and his presentation topic was "A Data Culture That Survives the AI Era."
Shin Jae-seung said an organization is not making full use of data if its user image is not clearly visible outside the data itself. He also said an environment is needed in which data-based user understanding and product-improvement loops continue to function, and that such an environment drives changes in the way people work.
Shin Jae-seung pointed out that the distance between data and product inside an organization determines execution speed, and explained that differences in execution speed widen the gap between companies in the AI era. As a response, he proposed a strategy for securing speed and also presented an open-source model utilization strategy as a way to effectively control the soaring data costs in the AI era.
Team leader Lee Jeong-hoon, head of Microsoft’s Cloud and AI Specialist organization, presented the platform requirements for transforming an organization into one where all employees use AI agents. He emphasized the need to control the permissions and actions of each agent, assuming broader use of AI agents across the organization.
Lee also stressed the need to build an automatic evaluation system as a supporting condition. He argued that control and evaluation systems must be established together to transform an organization so that all employees use AI agents.
Next, Partner Yoo Jeong-hwa, leader of McKinsey's AI specialist organization QuantumBlack, spoke on the theme "AI Agent Governance and Organizational Operating Models." Yoo said AI agents in the financial sector should be based on a zero-trust environment and should apply the principle of least privilege.
Yoo said AI will take over data analysis roles. She also said future hiring for sales and WM organizations will center more on customer empathy than on analytical ability.
Kim Seon-sik, account director for finance at OpenAI, who took the stage as the final session speaker, outlined the future of finance that AI will change. He stressed that securities firms of the future must go beyond merely using AI tools and that data and all services must operate with AI at the center. He added that securities firms must evolve into "AI itself."
Ahn Chan-bong, CEO of Cleave, said the biggest concern for securities firm leaders is that their own companies lack the speed of Toss Securities. He added that this seminar is a place to share the experience and insights of experts in actual product development and performance creation in order to answer that question.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406982
References
This article was produced with the help of an automated content generation algorithm.
Source: TECHWORLD
View originalThis article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.