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 >>
Deutsche Bank’s NYC Lab to Explore AI & Cybersecurity
Deutsche Bank officials have opened an innovation lab in New York City that they say is their fourth globally, and will be focused on several IT areas including artificial intelligence (AI), cloud technology and cybersecurity. The lab is located in Lower Manhattan’s Fulton Center and will enable the bank to “access a leading innovation ecosystem… 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 >>
SEC Pushes Proper Training of Robo-Advisors
The SEC’s division of investment management and its office of investor education and advocacy have issued guidance for the financial services industry and for investors, respectively, regarding the use of robo-advisers, which the commission defines as “registered investment advisers that use computer algorithms to provide investment advisory services online with often limited human interaction.” There… Read More >>
Fiserv’s Unified Wealth Platform Embraces the Robot
(Editor’s note: A provider of an array of financial technology solutions, Fiserv is partnering with Marstone, a New York-based digital advisory firm, to provide the Powered by Marstone suite of digital investment advice solutions. The suite will be offered via Fiserv’s Wealth Management Network. FTF News was lucky to get time with Cheryl Nash, president… Read More >>
What’s on Your List of Silver Linings?
Perhaps the only consensus that we can reach is that 2016 has been a very challenging year on every front from global and presidential politics to an ongoing death march by beloved celebrities. To a large extent, elections and celebrity deaths have been set in stone by demographics, a little luck, personal choices and maybe… Read More >>
