David Scola, head of North America for the SWIFT financial messaging and services cooperative, will dive into the impacts of disruptive technologies such as open application programming interfaces (APIs), distributed ledger technology (DLT), artificial intelligence and machine learning at ISITC’s 25th Annual Securities Operations Summit later this month in Boston. Scola is serving as moderator… Read More >>
Mirador Strips Out Manual Processes via Canoe Intelligence
Mirador, a provider of bespoke portfolio performance reporting solutions, is partnering with Canoe Intelligence to streamline the document management and data extraction workflows required for alternative investment reporting, officials say. The Canoe offerings are helping Mirador eliminate many manual data entry steps for alternative asset investors — a key frustration for the reporting processes associated… Read More >>
Lucena to Apply A.I. to Wall Street Horizon’s Data
Lucena Research, a predictive analytics vendor, and Wall Street Horizon, a provider of corporate earnings and events data, have announced that they are combining forces to yield offerings that could uncover “actionable signals” for investment. With the partnership in place, Lucena will validate Wall Street Horizon’s data using artificial intelligence (AI) and machine learning technologies,… Read More >>
FTF News & ISITC Extend Alliance
FTF News is happy to announce a big step for us and we hope a major boost to what we are providing to you — we will be the exclusive media partner for ISITC throughout 2019. As you know, the ISITC industry trade group has made a major commitment to foster standards and best practices… Read More >>
Robots Will Help Rather Than Replace Staff: Gartner
Much has been made of the inevitable impacts that artificial intelligence (AI) and machine learning (ML) will have on the more tedious and manual tasks that are part of back-office operations. Market research giant Gartner is chiming in with its prediction that by 2020, “20 percent of operational bank staff engaged in back-office activities will… Read More >>
AI & ML Will Jolt Back Offices: Report
While there has been a lot of hype over disruptive technologies and trends, artificial intelligence (AI) and machine learning (ML) could have the biggest impacts upon securities operations, according to a survey of asset managers, conducted by vendor Eagle Investment Systems and the Hegarty Group, a market research firm. The report’s authors acknowledge that while… Read More >>
Your AI Team Should Be Cross Functional: Q&A
(Artificial intelligence (AI) and machine learning (ML) technologies are poised to cause major overhauls in the financial services industry. Securities operations teams across the globe are laying the groundwork to embrace this inevitable disruption. To provide our readers with insight on how to take the first steps, FTF News reached out to Rashed Haq, the… Read More >>
GTS Wants to Democratize Market Access via Acquisition
High-frequency trading (HFT) firm GTS is acquiring for an undisclosed sum the exchange-traded funds (ETFs) and wholesale market-making businesses of Cantor Fitzgerald, a move that will bring institutional and retail clients the same access to the benefits of machine learning, artificial intelligence (AI) and execution technology, GTS officials say. GTS describes itself as “a quantitative… Read More >>
Synechron Launches 11 A.I. Data Science Accelerator Centers
Synechron to Focus on Financial Services & Insurance Sectors Synechron, Inc., a financial services consultant and IT services provider, reports the launch of artificial intelligence (AI) data science accelerators for financial services, banking and insurance firms. The new accelerators “help financial services and insurance firms solve complex business challenges by discovering meaningful relationships between events… Read More >>
How AI May Help Speech Transcription for Ops
Among some people in operations, anything related to artificial intelligence (AI) often is met with trepidation because of the potential of AI-based systems eliminating positions in Ops. This fear is somewhat justified even though there is mounting evidence that AI can help financial services firms replace tedious tasks — and not staff members — with… Read More >>
