Steele Compliance Solutions is taking a major step forward in applying artificial intelligence (AI) technologies to new compliance tools for financial services firms via its recently announced acquisition of TransparINT, which offers data filtering that exploits machine learning and natural language processing (NLP). Steele declined to reveal what it paid for TransparINT and assured FTF… Read More >>
Thomson Reuters Debuts Media Screening to Fight Financial Crime
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 >>
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 >>
JPMorgan Opens Its Research to Amazon’s Alexa
We are hearing a great deal about how artificial intelligence (AI), machine learning and robotics — applied individually or via combinations — are going to take over the world, eliminating securities industry jobs and maybe even entire professions. Yet I suspect (my Luddite impulses aside) that disruptive technologies may yield services that we hadn’t anticipated… Read More >>
Firms Face Cutting-Edge & Conventional IT Challenges in 2018
(Editor’s note: This tumultuous year is winding down but there’s every reason to think that securities operations will continue to make leaps and bounds next year especially when it comes to cutting-edge IT. Erica Borghi (née Choinski), chair of the International Securities Association for Institutional Trade Communication (ISITC), and vice president of Fintech Risk at… 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 >>