(Murray Campbell, principal product manager at AutoRek, recently took questions from FTF News about the hidden costs of manual processes that remain in place because firms think they’re more cost-effective than automated solutions. In this Q&A, Campbell makes the case that firms face many ongoing, unknown costs associated with manual processes that carry price tags… Read More >>
Arcesium Platform Helps Firms Apply Agentic A.I to Ops
Financial technology provider Arcesium has entered the agentic artificial intelligence (A.I) landscape with the Arcesium Intelligence platform, in an effort to help institutional investment firms deploy agentic A.I. across investment operations and key data workflows. Financial technology providers are shifting to what the Massachusetts Institute of Technology (MIT) is calling “the next evolution of generative… Read More >>
Would You Let a Robot Mow Your Lawn?
Would you let an A.I.-based, battery-operated robotic lawn mower cut your grass, especially if you have a large backyard or own a few acres? Despite soaring inflation rates, you might be inclined to embrace robotics for menial chores, especially if you received a particularly good bonus for 2025. The Wall Street bonus pool, based on trading,… Read More >>
LTX Uses GPT for List Trading Function
LTX, a corporate bond trading platform from Broadridge Financial Solutions, has a GenAI-based list trading function that will allow end-users to leverage Generative Pre-training Transformer (GPT) technology to “generate and execute multi-asset class, multi-directional trade lists” via RFQ+, officials say. “In response to clients’ positive engagement with our GenAI-powered app BondGPT and their request for… Read More >>
Temenos Applies Artificial Intelligence to Fund Accounting
Software vendor Temenos is applying artificial intelligence (A.I.) technologies to fund accounting in an effort to help its fund administration clients identify false-positive exceptions faster, which can help them reduce the number of manual interventions they need to do as part of the exception management process. To help firms better identify false positives, Temenos has… Read More >>
SmartStream Embraces AI Algorithms for Recs
Timed for the SWIFT Sibos exposition and conference this week in London, SmartStream Technologies has launched a cloud-based offering, SmartStream Air, that the vendor says reconciles complex sets of data in seconds with the help of artificial intelligence (AI) algorithms. The new offering, developed via the SmartStream Innovation Lab, can “auto-configure reconciliations of any data… Read More >>
Calypso & AI Vendor Target Back Office Ops
Calypso Partners With 2021.AI Financial software vendor Calypso Technology is partnering with an artificial intelligence IT platform provider, 2021.AI, to optimize back-office processes for Calypso’s global client base, officials say. The two vendors will focus on delivering state-of-the-art AI models and Calypso will facilitate access to 2021.AI’s Grace AI platform, officials say. “By partnering with… Read More >>
Legacy IT Puts the Brakes on AI: Report
According to a recent survey, Wall Street’s financial technology end-users are increasingly turning to AI, or artificial intelligence (also known as machine learning), to transform their operations through algorithms and computer code. That is one of the bottom-line findings from the “2019 Artificial Intelligence Outlook,” a survey conducted by Broadridge Financial Solutions Inc. Another survey… Read More >>
Firms to Cut 400,000 Jobs by 2030: Report
As securities firms move toward the new Nirvana of digital transformation, the result will be an acceleration of staff cuts resulting in “an enormous reduction in staff with more than 400,000 full-time employees lost by 2030,” according to a report from market research firm Opimas. In fact, asset management firms may see the greatest impact,… Read More >>
Asset Managers Must Disrupt Hiring Practices: Report
The disruptions rocking the securities industry — fee compression and consolidation, artificial intelligence, big data, analytics and social media — are rippling through the asset management sector and compelling many to reconsider hiring practices for core business functions. This is according to a report from Greenwich Associates, “Top Asset Management Talent Will Need to Evolve…… Read More >>
