Citi Business Advisory Services has published a comprehensive report on the transformative potential of artificial intelligence (AI) in revolutionizing the investment management industry, and Auquan contributed to its development.

Auquan provided the research team at Citi with insights into retrieval-augmented generation (RAG), which enhances generative AI's applicability in financial services by integrating external data retrieval in order to expand the system’s knowledge beyond its initial training, enabling more precise and context-specific outputs for various financial applications.

By leveraging RAG, firms can use AI to automate time-consuming and manual aspects of knowledge-intensive workflows such as deal sourcing, screening, due diligence, monitoring, and compliance.  

Citi’s report is based on a comprehensive analysis of AI adoption in investment management, with a particular focus on generative AI. The study involved more than 40 interviews with executives from global investment firms and industry experts and FinTechs. 

Citi’s researchers found that investment managers that leverage AI are poised to enhance their competitiveness and maintain relevance in an increasingly dynamic market landscape.

The report, "AI in Investment Management - The Pursuit of a Competitive Edge", is exclusively available to Citi’s institutional clients.