By Daniel Gil | August 11, 2025

PwC is scaling up its artificial intelligence tool set as asset managers increasingly turn to full-service partnerships to upgrade their back-office systems, company executives said.

The consulting giant's asset-servicing unit, which is part of its wider asset and wealth management services business that works directly with fund shops, has implemented an artificial intelligence-led agent strategy, said Declan Byrne, PwC's asset and wealth management global assurance leader. That focus has led the company to bring on board specialists with deep knowledge of AI programs and to strike partnerships with tech firms as it works with the fund shop community."This will hopefully help accelerate the reduction of redundancies we're finding in the fund finance functions as a whole. And so you really need to combine people, plus the right technology, plus the right governance," Byrne said.PwC's asset-servicing unit has been looking to respond to what Byrne has described as "transformational shifts" in the industry.Read the full article here: https://www.ignites.com/lead/enroll/4943424/681274