Morgan Stanley offers select clients AI agents for stock administration
Morgan Stanley has begun allowing select clients early access to AI agents that can handle stock administration jobs on platforms like ShareWorks and Equity Edge.
These bots pull up data and manage workflows automatically, so there's no need for manual logins; basically, they're doing what humans used to do.
Expansion to 3,400 Morgan Stanley clients
This is part of Wall Street's push for smarter, faster tech.
Since teaming up with OpenAI in 2022, Morgan Stanley has been using AI to make things easier for clients and plans to expand availability to its 3,400 administration clients by next year.
According to Mark Mitchell from Morgan Stanley at Work, these agents help companies tackle complex stock plans without hiring extra staff.
It is a pretty practical upgrade compared to competitors who are already using similar AI agents internally.