The financial services industry is overflowing with streams of data to comply with the glut of post-financial crisis regulations. However, sell and buy-side firms are increasingly looking to harness this information to formulate trading and investment ideas, according to a new report from consultancy Opimas. The study estimates that investments in the race to master… 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 >>
