According to a new report from Calastone, 54% of fund managers in Singapore want to use AI and machine learning to improve all their automated operations in the next 12 to 18 months.
The study involved responses from nearly 600 mutual fund investment managers and mutual fund asset servicers, or admins, from international markets, including Singapore.
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The report also showed that 46% are looking at using DLT, and 38% want to use robotic processes.
Calastone stated that there’s a rapidly growing tokenization in the country, which includes the central bank’s projects that push asset managers to use advanced tech to improve outcomes.
“In addition to approving a number of digital asset offerings, MAS has also launched its own initiative – Project Guardian – to explore the potential of tokenised financial assets,” according to the study.
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