FinTech
Blackrock's Aladdin Adds Artificial Intelligence to Wealth Management
Since 2012, assets under management have grown from $3.8 trillion to $6.3 trillion. Revenues from the firm’s risk management technology, driven by software known as “Aladdin” (for Asset, Liability, Debt, and Derivative Investment Network), have grown from $390 billion to $677 billion, an annualized rate of 12%. Aladdin marks Blackrock…
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