Buy-side firms once reluctant to embrace cloud computing are apparently changing course as two-thirds of those responding to a recent survey intend to use the services of public cloud providers over the next five years. The survey and research from Boston-based Sapient Consulting also focuses on other emerging technologies that are disrupting how the buy… Read More >>
BNP Paribas, Société Générale & Others Launch LiquidShare
Major European Players Back LiquidShare A European blockchain startup with a post-trade focus, LiquidShare, is being created via the support of BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2Iem, Société Générale and Paris Europlace. The financial technology venture is the result of a partnership launched by its shareholders in June 2016 to develop a… Read More >>
Are Robots the Key to Full Automation for Post-Trade Ops?
(Editor’s note: Banks and other financial services firms are adopting more robotic process automation (RPA) solutions because they are helping firms move beyond inefficient and outdated manual systems, says Nick Fry, a London-based director with Sapient Global Markets who is also the lead post-trade subject matter expert for the consultancy. RPA involves the application of… Read More >>
Are You Ready for a Smart Bed?
(Editor’s note: This is another installment in an ongoing series about how digital toys and tools can help your life beyond the securities trading realm. In this case, we explore a smart bed with sleep-monitoring equipment. Given our current state of affairs, proper rest has become a necessity.) A bedmaker of renown, Beautyrest wants to… Read More >>
BlackRock Revamps and Includes a Nod to Robots
Asset manager BlackRock is rearranging its investment teams in the U.S. according to “a more focused product line-up,” shifting resources within teams to generate more alpha, and looking to data science to advance the generation of automated investment ideas. The firm is “positioning its equity investment platform for the future of active management — leveraging… Read More >>
Hearsay Welds Predictive Technology to Social Media Compliance
The predictive capabilities of artificial intelligence (AI) and machine learning are playing major roles in the next generation version of the social media compliance system from Hearsay Systems, (formerly Hearsay Social). The updated Hearsay compliance platform uses predictive technology, embodied in the new Risk Meter feature, “to reduce false alerts and help compliance teams focus… Read More >>
Deutsche Bank’s NYC Lab to Explore AI & Cybersecurity
Deutsche Bank officials have opened an innovation lab in New York City that they say is their fourth globally, and will be focused on several IT areas including artificial intelligence (AI), cloud technology and cybersecurity. The lab is located in Lower Manhattan’s Fulton Center and will enable the bank to “access a leading innovation ecosystem… Read More >>
Financial Services to Lose 230,000 Jobs to AI Systems
While the benefits of artificial intelligence (AI) have been clearly drawn, it will come at a cost in terms of job losses. By 2025, financial institutions could see 230,000 jobs disappear and be replaced by robotic process automation, machine and deep learning or cognitive analytics, according to a new report, “Artificial Intelligence in Capital Markets:… Read More >>
SEC Pushes Proper Training of Robo-Advisors
The SEC’s division of investment management and its office of investor education and advocacy have issued guidance for the financial services industry and for investors, respectively, regarding the use of robo-advisers, which the commission defines as “registered investment advisers that use computer algorithms to provide investment advisory services online with often limited human interaction.” There… Read More >>
Fiserv’s Unified Wealth Platform Embraces the Robot
(Editor’s note: A provider of an array of financial technology solutions, Fiserv is partnering with Marstone, a New York-based digital advisory firm, to provide the Powered by Marstone suite of digital investment advice solutions. The suite will be offered via Fiserv’s Wealth Management Network. FTF News was lucky to get time with Cheryl Nash, president… Read More >>
