Using Copilot in Financial Services

The financial services industry, encompassing banking, insurance, and capital markets, is impacted by changing interest rates, inflation, regulatory policies, and the global economy. Some key challenges are quickly adapting to change, optimizing the use of rapidly evolving technological advancements, identifying competitive advantages to expand their revenue model, and adapting the way they manage their customers finances.

See how Finastra is using Copilot here.

See how Hargreaves Lansdown is improving client service here.

Download the Financial Services scenarios kit
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Microsoft Copilot opportunity to impact key functional area KPIs

Review our KPI overviews and view additional scenario details.

Manage risk and compliance

Generate insights and content within the everyday flow of work, expedite investigations, and communicate more effectively to prevent and remediate compliance issues.

Opex % of revenue

Improve productivity by leveraging automation to quickly prioritize and accomplish daily tasks, optimize processes, and save time and effort on daily tasks.

Assets under management

Differentiate customer interactions from competitors to help increase market share; Reduce the time for comprehensive portfolio evaluation with change recommendations reflecting market dynamics; Build trust and confidence among clients leading to increased number of active investors. 

Increase client retention

Streamline operations for faster resolution of customer issues, providing tools for decision-making and strategy development. This can lead to higher customer satisfaction, increased customer lifetime value, and maximized customer investment portfolio.

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Transform Financial Services processes

Key processes Before AI Using AI
Back officeComplex procedures, lack of clear guidelines, and repetitive tasks can hinder productivity.Speed credit memo generationProcess a claim

In Banking speed the loan process

Front officeProviding a seamless and personalized customer experience is challenging while accessing data sources and maintaining compliance.Produce daily market reportsAI-assisted broker portfolio management

For Capital markets, create a daily report for customers

Create a quote

For Capital markets, create recommendations based on analyzing portfolios and current events

Issue a policy

For Insurance access knowledge repositories and craft communications to quickly create a quote

Banking financial advisory support system

For Insurance get assistance with the steps of personalizing a policy and communications

Financial Services roles

Day in the life of an Analyst