Mizuho Securities Co. has deployed for its Tokyo headquarters a call monitoring system that integrates voice recognition and artificial intelligence (AI) technologies, and that helps the firm speed up its compliance analysis of communication between investors and sales representatives. The deployment combines voice recognition and A.I. offerings from Nomura Research Institute, Ltd. (NRI), a consulting… Read More >>
Time to Find the Right Holiday Gadget
(Editor’s note: As we race into the winter holiday season, it’s time to consider the cool gadgets that will evaporate your hard-earned bonuses. I have been attending the Pepcom consumer products events for the press and during the holiday rollercoaster ride I will be reporting upon a wide variety of offerings from the practical to… 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 >>
A.I.’s Rise Will Put Wall Street Jobs at Risk: Report
This may make for uncomfortable reading in sell- and buy-side circles, but by next year, around 75 percent of banks and other financial services firms will either explore or implement artificial intelligence (A.I.) technologies to boost productivity and lower costs, according to a new report from market research firm Greenwich Associates, “AI: The Coming Disruption… Read More >>
KPMG, Exiger to Apply AI to Sanctions Compliance
The U.K. branch of auditor and accounting firm KPMG is partnering with financial crime, risk and compliance solutions provider Exiger in a bid to streamline regulatory efforts for financial services clients, including sanctions against rogue nations, firms and individuals. KPMG officials say that the exclusive collaboration will involve Exiger’s artificial intelligence (AI) technology and the… Read More >>
Regulatory Pain Among Customers Drives Fenergo’s Hiring Spree
Citing growing demand for its offerings, Fenergo, a client lifecycle management (CLM) software solutions vendor based in Dublin, Ireland, will be hiring 100 new staffers including Michele Shepard, who has the new post of chief revenue officer (CRO) and Greg Watson who takes on the post of managing director of sales and strategy, officials say…. Read More >>
Compliance to Get Sliver of FinTech Spending Boom
Financial institutions across the globe will spend $127 billion on financial technology this year although surprisingly only $6 billion will be slated toward regulation and compliance, according to a new report, “FinTech Spending and Innovation in Capital Markets on IT,” published by consultancy Opimas. Axel Pierron, co-founder and managing director of Opimas and co-author of… Read More >>
FTF Awards Q&A: NRI Expands Into North America
(Editor’s note: Nomura Research Institute (NRI) won two honors in the 2017 FTF News Technology Innovation Awards competition: Best Clearing and Settlement Solution and Best New Post-Trade Solution. Unlike other industry awards events, the annual FTF Awards winners are chosen by a majority of qualified voters who are industry participants. FTF News reached out to… Read More >>
NRI, Mizuho Explore AI Overhaul of Derivatives Contracts
Systems provider and consultancy Nomura Research Institute (NRI) recently completed a proof-of-concept test project with Mizuho Bank operations staff that applied artificial intelligence (AI) solutions to labor-intensive derivatives contract processing in order to find efficiencies. For most participants in derivatives markets, the standard operating procedure for managing derivative contracts involves the exchange of printed International… Read More >>
AI Applied to Unstructured Data Holds ‘Tremendous Potential’
(Editor’s note: The Boston-based indico Data Solutions offers machine learning algorithms for text and image analysis, which are then presented as web services. The goal is to automate “meaningful insight” from unstructured data that can be applied to sentiment analysis, social media monitoring, content filtering, content classification, recommendation, and personalization. FTF News spoke to Vishal… Read More >>
