Misys Releases AI Functionality for Trade Validations
The component helps financial institutions spot booking errors, anomalies and unusual activity with machine learning.
Running in a beta environment for the past five months, Misys introduced its new machine learning functionality, FusionCapital Detect, in an effort to tackle validation errors in the trading workflow.
Peter Farley, senior strategist, capital markets at Misys, tells WatersTechnology that the new component is an operational extra in the FusionCapital solution for users who seek to limit transaction errors and eliminate labor costs and reputational risk.
“We ran a beta test with a big regional
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