AI Transforms Professional Services Through Real-Time Compliance and Efficiency Gains
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 integration of artificial intelligence into professional services is creating substantial operational transformations, according to industry leaders at Benzinga's Fintech Day & Awards 2025. Asael Meir, Partner and Technology Industry Leader at CohnReznick, emphasized that AI enables firms to simultaneously embed quality improvements into operations while reducing costs, representing a fundamental shift in how professional services are delivered.
Meir highlighted compliance as a specific area where AI demonstrates significant value, automating repetitive tasks such as formatting and proofing at reduced expense. "I wake up in the morning, I open my Copilot and my jaw drops every single day as to what I can now do," Meir stated during the event. Beyond cost reduction, AI contributes substantially to risk management by transitioning from periodic assessments to real-time monitoring, providing immediate feedback to clients in today's continuously connected business environment.
The adoption of AI within compliance functions is expected to continue growing as systems improve, driven by client expectations for value in AI innovation across audit and tax services. This technological integration addresses the manual and labor-intensive processes that have traditionally characterized both professional and financial services sectors.
During a panel discussion titled Dealmaking in Fintech: What to Expect in 2026, industry experts identified the convergence of decentralized finance and artificial intelligence as a major trend for the coming year. This convergence is supported by a more accommodating regulatory landscape and is expected to facilitate larger capital raises for companies operating in this space.
The panel referenced Ripple's recent $500 million funding round at a $40 billion valuation as indicative of growing investor interest in AI-enhanced financial technologies. While AI presents challenges for investors due to rapid technological advancement, panelists agreed that its transformative potential for automating and accelerating financial processes makes it a permanent fixture in the industry landscape.
Whether applied to professional services or financial sectors, AI's impact extends from operational automation to stimulating multimillion-dollar investments. The technology's ability to enhance real-time compliance while improving unit economics represents a significant competitive advantage for firms that successfully integrate these systems into their service delivery models.
Curated from NewMediaWire
