AI solutions that help financial institutions and their customers solve critical challenges, from budgeting and planning to asset management and creditworthiness.
Toronto, April 24, 2024 /CNW/ – Today, BDO Canada announced newly created AI solutions to help solve key challenges currently facing the financial services industry. Canada. Powered by AI and machine learning, this technology provides tailored services in asset management, creditworthiness, and financial budgeting and planning.
BDO Digital's AI solutions help financial institutions develop innovative solutions to support customer needs at a time when the largest intergenerational wealth transfer is taking place and consumer debt is at record high levels. It appeared when we were addressing the need.
“Our AI solutions aim to strengthen financial institutions by providing competitive advantage, increasing customer satisfaction, and driving growth and innovation.” Lishan Lai, BDO Canada's National Consulting Leader. “We are dedicated to providing digital solutions that enable Canadians to invest in their future while navigating the complexities of their finances.”
New solutions announced today at Microsoft Executive AI Summit There, the BDO team guided participants through an immersive simulation.
Through this solution, financial institutions and their customers will have access to a suite of personalized and customized services to support their unique financial goals, including:
Asset management AI assistant
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Investment plan (goals, risk profile, portfolio breakdown)
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Personalized financial advice (portfolio optimization, annual contributions, etc.)
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Estate planning (beneficiaries, asset distribution)
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Mortgage/Children/Retirement Planning
AI assistant for financial budgeting and planning
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Customer/Household 360 View (Family, Roommates)
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Set savings goals / Budget by activity / Track spending (e.g. health, travel, utilities)
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Personalized recommendations/products to improve your savings
Creditworthiness AI assistant
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Influence on decisions (e.g. mortgage, student loan, car loan)
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Debt consolidation/optimization
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Personalized insurance products/premiums
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Credit impact assessment/weighting
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Generate a comprehensive credit score
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Advice to improve your credit score
As the industry moves towards adopting disruptive technologies, BDO Canada remains at the forefront of innovation, delivering cutting-edge solutions. Their immersive AI experience aims to redefine how financial institutions operate and engage with customers.
BDO has a long-standing presence in the financial sector, providing comprehensive services to over 10,000 customers. BDO Digital serves as a trusted advisor to financial institutions seeking to navigate the evolving landscape of the financial services industry.
About BDO Canada
BDO Canada LLP is a leading provider of professional services to clients across a variety of sectors and segments. For more than 100 years, our team has been serving communities around the world. Canada Through comprehensive assurance, tax and consulting services, complemented by deep industry knowledge. Over 5,000 employees in 100 offices Canadawith more than 1,800 offices in 164 countries, BDO is well-positioned to support clients with both their domestic and global needs.
BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO Network and each BDO member company. For more information, please visit www.bdo.ca.
SOURCE BDO Canada LLC
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