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FAQ: How AI is Revolutionizing Professional Services and Fintech
TL;DR
AI gives professional services firms like CohnReznick a competitive edge by enhancing real-time compliance and operational efficiency, reducing costs while improving quality.
AI automates repetitive tasks such as formatting and proofing, enabling continuous risk management and immediate client feedback through real-time systems integration.
AI transforms professional services by freeing workers from mundane tasks, allowing them to focus on higher-value work that improves client outcomes and industry standards.
CohnReznick's partner wakes up amazed by AI's daily capabilities, from content creation to fueling a predicted 2026 convergence of DeFi and artificial intelligence.
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The content discusses how artificial intelligence is revolutionizing the professional services sector, with specific examples from CohnReznick and insights from Benzinga's Fintech Day & Awards 2025 event.
Asael Meir is a Partner and Technology Industry Leader at CohnReznick who spoke at Benzinga's Fintech Day & Awards 2025 about AI's transformative impact on professional services.
AI enables firms to embed quality improvements into operations while reducing costs, complete repetitive tasks like formatting and proofing faster and cheaper, and conduct real-time risk management instead of at specific intervals.
The content references Benzinga's Fintech Day & Awards 2025, which was in its 11th year and brought together industry leaders to discuss AI trends impacting professional services and fintech.
AI enables real-time compliance monitoring instead of periodic checks, provides immediate feedback to clients, and performs repetitive compliance tasks at reduced cost while improving quality.
Panelists anticipate convergence of DeFi and artificial intelligence in 2026, supported by a more accommodating regulatory landscape, which is expected to lead to larger capital raises for companies in this area.
AI is transforming financial services by automating and speeding up operations that were previously manual and labor-intensive, similar to its impact on professional services, though it also makes investing more challenging due to rapid technological changes.
Ripple, the cryptocurrency firm, recently secured $500 million at a $40 billion valuation, which is expected to help fuel further interest in the DeFi and AI convergence sector in 2026.
Clients expect firms like CohnReznick to provide value through AI innovation in areas such as audit and tax services, driving the continued adoption and improvement of AI systems and tools.
Meir stated, 'I wake up in the morning, I open my Copilot and my jaw drops every single day as to what I can now do,' illustrating AI's transformative effect on daily professional tasks.
Curated from NewMediaWire
