Our recent webinar on July 11th introduced attendees to how machine learning (ML) and artificial intelligence (AI) are changing the nature of financial technology, known these days as fintech. Our speakers, Terry Roche of Tabb Group and Keith McAuliffe of Solace dove into the impact these technologies are having on modern capital markets.
Together, Terry and Keith explained how AI has evolved from a backroom experiment to being a key part of significant “run the bank” programs like trade surveillance and sentiment analysis. Today the focus is on cost savings and compliance, but things are clearly moving towards revenue generation.
One of the drivers of this new world of AI and ML in finance is the massive onslaught of data, both in volume and variety of both sources and consumers. Clearly, the future of finance is being driven by the need to expand data reach and ability to accept data in ever changing ways. Data protocol lock-in is a thing of the past – new workflows and fabrics like blockchain are defining and driving the need for open data movement that’s based on open standards and well-defined message exchange patterns.
They then covered the emerging needs of new fintech, like hybrid clouds, microservices and open data movement, that all organizations are looking to as they respond to ever-changing infrastructure.
While this webinar is told from the perspective of the financial services industry, it provides insights that should be able to apply to any industry. Watch the webinar to learn how AI and ML, combined with new sources of data, can change your industry for the better.