Since the release of ChatGPT, excitement and hype have been abundant across industries for this form of generative AI. For capital markets, the wave of innovation that could result may be a few years away but it’s worth paying attention to—and being critical of.
According to one report, banks have been hit with penalties of up to €5 million per month under new CSDR settlement rules. As a result, banks are turning to AI to help.
It’s a new world, contend BBH’s Kevin Welch and Josh Fine. After a few years of experimentation that yielded several AI products for the bank and its clients, it was time to put the puzzle pieces together to serve a different way of working post-Covid.
The custodian bank has reduced payment processing times by as much as 80%, according to officials.
As the December holiday break loomed, a new tool released by OpenAI had engineers, analysts, programmers and even writers like Anthony wondering what the future of their professions might hold.
As machine learning and natural language processing continue to spread across the industry, WatersTechnology highlights stories from 2022 that feature new use cases.
Bloomberg, Broadridge, BNP Paribas, and a handful of startups are working to address manual processes in the back office.
Oxford-Man Institute is among those asking: could algorithms gang up and squeeze customers?
Calculating total market capacity is key to automating the end-to-end execution of large bond trades, says Vuk Magdelinic.
But supervisors cautiously welcome next-gen model risk management
Swarm Technology has designed a network of trading algorithms that mimics the hive mind of insects.
Machine learning tool forecasts effect of shocks on implied volatility surfaces in minutes.
S&P-owned AI tool Kensho is leveraging its parent's massive datasets with its own machine learning to release a series of tools for analysts.
With a sharper focus, AI readers could help detect hidden exposures for investors
From academics to data teams at investment banks, those in and adjacent to the capital markets are looking to specialize natural language processing models to understand and break down financial data.
Symphony decided to first migrate client data to Google from AWS, and then focus on applications.
Vendors are looking to provide AI models to help financial professionals get more value out of unstructured data sources.
After acquiring Blue Prism earlier this year, SS&C is looking to pair its Chorus business process optimization tool with the RPA specialist.
As interest rates rise and house prices fall after a steady period of the opposite dynamic, investors are looking for more accurate ways to price these factors into the value of mortgage-backed securities.
Insightful monitors in the range of 120 different communication channels and 40 different datasets, which will be integrated into Bloomberg Vault, among other BBG compliance systems.
The vendor is drawing on its vast collection of data to develop predictive signals for credit ratings, shareholder activism and more.
A summary of the latest financial technology news.
Researchers at NYU’s Courant Institute of Mathematical Sciences are using granular futures data from BMLL for research on less-covered futures markets.
The creator of Perzo/Symphony has started a new company called Hive. Anthony chats with David Gurle to see how the startup will look to disrupt the cloud space.