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 >>
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 >>
Post-Trade Providers Need to Be More Innovative: Survey
Being innovative is simply not enough in the current fast-paced and continually changing post-trade environment, according to a new survey by Six Securities. Post-trade service providers also need to offer technology that creates value beyond being “simply operational.” The report which was conducted in conjunction with independent researcher firm Vanson Bourne found that 67 percent… Read More >>
Broadridge Enters Robo-Advisory Market via Wealthsimple Partnership
Broadridge Targets Next-Generation Investment Strategies Broadridge Financial Solutions is partnering with Wealthsimple, a digital investing service in Canada, to, automated investment management, also known as “robo-advisory services,” that will support advisor-investor and direct-to-investor models, officials say. The partnership will integrate Broadridge’s capabilities with the Wealthsimple technology platform, in an effort to “drive efficiencies in client… 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 >>
Buy Side Finds New Love for Public Clouds, Big Data
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 >>
