IMAGINE LOGGING INTO your checking account and seeing that you now also have a second account, stocked with an equal amount of a new currency.
THE crypto-catastrophe seems to have been averted: the price of bitcoin is moving back up towards $3,000. Last week a majority of bitcoin “miners” signalled support for an upgrade of the system to increase its capacity
In a wonderfully titled report, Creating Shareholder Value with AI? Not so Elementary, My Dear Watson, the Equity Research company, Jefferies, LLC, take a hard look at IBM’s bet on cognitive computing, or Artificial Intelligence (AI).
Robots are moving on to the trading floors of investment banks. UBS this week showcased how two artificial intelligence systems can help traders perform better at the Swiss bank’s futuristic new City office.
A BIDDING war was briefly but eagerly anticipated. On July 4th the share price of Worldpay, a British payments processor, leapt by 28% after the company said it had received preliminary approaches from JPMorgan Chase, America’s biggest bank, and Vantiv, an American payments firm.
The level of saving in Britain in the first quarter of this year was the lowest since records began in , according to figures published last week by the ONS.
Professor Philip Treleaven and his financial computer science team at University College London have impressive form when it comes to executing grandiose projects. About 25 years ago, UCL successfully built the first insider dealing detection system for the London Stock Exchange.
MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon.
What effect will automation have on the future of work? It’s a topic many have debated recently. Some people are optimistic, whereas others envision a “Terminator”-style nightmare. They fear machines will take away jobs, causing widespread unemployment.
There is much discussion in the financial planning world about the disruptive impact of technological advances on the industry, particularly the possibility of the “robo-advisor” supplanting the human advisor.
JP Morgan is the biggest bank in the US. It is one of the largest employers in the banking sector, with more than 240,000 employees serving millions of customers. Some of those employees are lawyers and loan officers who spend a total of 360,000 hours each year tackling a slew of rather mundane tasks, such as interpreting commercial-loan agreements.