Finastra Uses Machine Learning for Fat-Finger Detection

The new piece of technology aims to tackle issue of erroneous trades at the source.

Nadeem-Syed
Nadeem Syed, CEO, Finastra.

Named FusionCapital Detect, the algorithm uses machine learning to track clearly erroneous trades before they can go through the entire post-trade process—and halt them before they become a headache for treasury departments and possibly end the careers of clumsy traders.

Finastra, which was formed in mid-2017 through the merger of Misys and D+H, is preparing to sign its first deal for the product, which began through its Fusion Reactor innovation program, Nadeem Syed, the company’s chief

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