(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are adopting more robotic process automation (RPA) solutions because they are helping firms move beyond inefficient and outdated manual systems, says Nick Fry, a London-based director with Sapient Global Markets who is also the lead post-trade subject matter expert for the consultancy.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 >>
NRI to Use Robotics from a U.K. Provider
Nomura Research Institute (NRI) is embracing robotics for a key function of its settlement service in Japan and has plans to expand this advanced utility globally, NRI officials tell FTF News. Starting this month, NRI’s Prime Settlement Service (PSS), a utility offering for investment banks, will be incorporating Robotic Process Automation (RPA) in order to… 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 >>
