Thomson Reuters is applying artificial intelligence (AI)/machine learning technologies to media screening and processing to help financial services firms gather more relevant data for their due diligence efforts to prevent hiring financial criminals. The new capability, Media Check, is an enhancement to its World-Check One platform that is intended to help firms find stories and… Read More >>
Global Framework Would Fix Fragmented OTC Repositories: DTCC
A new report from the DTCC calls for a new global reporting framework to complete the Great Recession mandate of the Group of 20 (G20) to establish repositories of over-the-counter (OTC) derivatives trades, intended to help regulators sift out potential risks. The DTCC is also pointing to the possibilities of distributed ledger technology (DLT) and… Read More >>
Ops Staff May Sit Side-by-Side with AI
(A principal within EY’s Financial Services advisory practice, George Kaczmarskyj leads the robotics and intelligent automation for financial services in the Americas. For the past 25 years, Kaczmarskyj has worked with financial institutions and other industry clients in their robotics, process improvement and information management and analytics needs, officials say. He has led client engagements… Read More >>
Have You Called Your Regulator Lately?
A recurring message emerged from several of the sessions at our DerivOps conference in Chicago earlier this week. It’s simply this: financial services firms should take advantage of a new, more proactive dynamic between them and regulators. Basically, firms should feel free to tell regulators what they’re doing, especially with so many disruptive phenomena and… Read More >>
NICE Actimize Launches AI-based Financial Crime Fighting Platform
NICE Actimize is launching the ACTone Investigation Manager, an artificial intelligence-based, financial crime-fighting system that aims to be a single, consolidated platform serving financial services organizations (FSOs), officials say. Vendor officials add that the new offering will help financial services firms to “deploy an intelligent virtual workforce (or robots) for collaboration with human investigators and… Read More >>
Will the Buy Side Accept Disruptive Technologies?
The securities industry is at an interesting crossroads. It is facing some of the most exciting trends in IT in many years: artificial intelligence (AI) and machine learning, robotic process automation (RPA), the realities of Big Data and cloud computing, and the much hyped emergence of blockchain/distributed ledger technology (DLT). Even the mysteries and controversies… Read More >>
2018 Predictions: Expect More Madness via MiFID II & Disruptors
(Editor’s Note: The major concerns about MiFID II compliance, which officially began January 3, will be ongoing throughout 2018. But these market reforms from the European Union will have to share the spotlight with the emerging trends also dubbed as “disruptors,” and we offer a sampling of opinions about them in this final installment in… Read More >>
2018 Predictions: Global Markets to Expand Despite Jolts
(Editor’s Note: Predicting what the financial markets, regulators and industry participants will do in 2018 is a challenge as there are so many variables that could undercut prognostications. Yet in a bid to offset chaos, FTF News has put together a round-up of opinions and initiatives from researchers, analysts and executives at the TABB Group,… Read More >>
Deutsche Bank’s Autobahn 2.0 Uses A.I. to Bolster Best Execution
Deutsche Bank is applying artificial intelligence (A.I.) to an upgrade of the proprietary system for trading, Autobahn 2.0, that includes self-learning mechanisms to facilitate more reliable predictions about equities pricing and volume, which should bolster the best execution requirements of the MiFID II reforms. No provider can guarantee best execution compliance as that is the… Read More >>
ING Bond Traders Cut to the Chase via ‘Katana’
A.I. Tool to Bolster Decision-Making Rather Than Replace Traders With a Samurai sword in mind, ING is using an artificial intelligence (A.I.) tool, dubbed Katana, “to help bond traders make faster and sharper pricing decisions,” according to officials at the firm. The new tool has not been created to replace human traders but to “enhance… Read More >>
