And to some extent, automation and AI will continue to displace portions of the investment industry, said Singhal, but the technology is still in its early stages and there’s still plenty of space for a human element.
“Financial markets are not that simple; applying AI holistically to financial markets is not something that a firm has succeeded at yet,” said Singhal. “We have a long way to go in financial services. We will have driverless cars before we have AI end-to-end in financial management.”