Bank of America
Investors Turn to Raw Data Over Ratings in ESG Alpha Hunt
Quants are using data on product returns and employee welfare to pick winners.
How Sarson Strover’s Outsourcing Policy Averted Virus Disruption
The newly fledged UK hedge fund has outsourced its portfolio management tech and operations to third parties, a move that has helped it through the coronavirus pandemic.
Covid-19 Tumult Tests AI Fund Returns
Some machine learning strategies have coped well, but others began to struggle as panic mounted.
People Moves: IBM Cloud, CoinShares & Seaborn Networks
This week's key people moves include former BofA CTO Howard Boville (pictured), who joins IBM Cloud as senior vice president.
AI Fraud Systems Frazzled by Covid-19
Seismic changes in customer behavior are seeing machine learning solutions throw out false positives.
In Expansion Beyond HFT, FPGAs Eye AI
After a decade of supercharging low-latency applications, Wei-Shen Wong explores how FPGAs are pushing into new areas of the capital markets, driven by interest in AI & ML.
Game On: Can the Video Game Industry Teach Banks Something About Visualization?
Capital markets firms are continually looking for new ways to package and visualize a rising tide of information. It turns out there’s another industry looking to handle the same challenge—the video game industry.
BofA’s ‘Citizen Devs’ Take on Innovation Mantle
The bank's central data and technology group enables frontline ‘citizen developers’.
ICE Looks to Bolster ESG Service as Investors Grapple with Lack of Standards
ICE Data Services says investors can access its reference data subscription later this year to build out their ESG strategies.
As Public Cloud Gains Traction, Concerns & Challenges Grow
WatersTechnology looks at more than 20 cloud-based projects and initiatives to see how banks, asset managers and vendors are embracing public providers, and the inherent problems involved.
This Week: AWS Quantum, Nomura/Pico, Broadridge, Instinet
A summary of some of the past week's financial technology news.
Bank of America Using Gamer Tech to Improve Trader Experience
As part of its digitization efforts, the bank is looking to video game technology to allow traders to consume more information.
Robo-raters Help Banks Vet Vendors for Cyber Risk
These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.
IBM and Bank of America Prep Financial Services-Specific Public Cloud
With security, privacy, risk, and control in mind, the duo have teamed up to provide an all-encompassing public cloud utility for the financial sector.
Machine Learning Takes Aim at Black-Scholes
Quants are embracing the idea of ‘model-free’ pricing and deep hedging.
ICE Acquires Fixed Income Volatility Index from BAML
The exchange and data provider says purchase of market sentiment index from BAML is a natural next step.
Trade Finance as an Asset Class: Rough Seas Ahead
As global banks seek to promote trade finance as an investable asset class to the buy side, the sector’s lack of technology and data infrastructure have come to light.
Banks Find Tech Firms Have Big Risks Too
The flavor of the week among investment banks is not to be a bank, but a tech company. While the numbers are starting to back that claim up, so are the risks involved, writes James Rundle.
Witad Awards 2019 Write-Ups: Trailblazer (Lifetime Achievement) Award—Catherine Bessant, Bank of America
Cathy Bessant, chief operations and technology officer at Bank of America, wins this year's lifetime achievement award at the annual Women in Technology & Data Awards.
Banks and Buy-Side Firms Encounter Challenges with Public Cloud Adoption
Moving to the public cloud is not as simple as flipping a switch. Anthony Malakian speaks with early public cloud adopters to find out some of the lessons they’ve learned along the way.