Artificial intelligence has evolved rapidly over the last decade and a half, driven by the capacity to store vast amounts of data and to process it quickly. Not long ago, obtaining a debit card or securing a loan could take days or even weeks. Today, AI models that analyze big data empower businesses to generate metrics that describe customer needs. They forecast which products will interest a customer at a given moment, and most items can now be ordered online with ease.
Looking ahead, AI’s influence on daily life is set to grow even more. The aim is to ensure that this advancement benefits individuals and society as a whole. Banks, asset managers, and insurance providers have a clear mission: to help people build fundamental capital. Proper capital formation supports a stable economy and stimulates growth when widely shared across households. In a society where capital accumulation is common, confidence rises and economic development accelerates.
But how can artificial intelligence raise the overall well-being of a community? The key is that a society’s prosperity begins with the well‑being of its people, whether they are individuals or families. To improve a person’s life, products must align with their real needs at the exact moment those needs arise.
Products should be personalized and priced to reflect individual circumstances, including lifestyle, occupation, and choices. Flexible programs are needed so users can easily add or remove services, risks, and plans as their situation changes. AI will support the development of situational insurance by analyzing a customer’s digital footprint, revealing how they move, what they eat, and which places they visit. With these insights, lenders and insurers can tailor offerings that protect people in challenging times.
Moreover, AI-powered financial assistants are poised to make a meaningful contribution to societal well‑being. Each person could have a personal assistant who understands their needs and presents options for financial health. Well-being encompasses planning across life stages—education, ongoing learning, personal and family budgets, retirement, taxes, and risk management in areas like credit and investments, alongside an asset portfolio. An AI financial advisor can assess every element of this plan, guiding choices and elevating financial literacy as people adopt smarter habits. This shift will gradually transform behavior and lift the overall standard of living, enabling personalized optimization for customers.
Ultimately, technology will bring all tools to the level of a seamless, all‑in‑one system that remains with a person around the clock, performing routine financial tasks automatically.