How Quants are Winning the Battle for Alpha using AI and Smarter Infrastructure

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.… Read the rest

Don’t Let "Technical Debt" put your Reputation at Risk

bank-it-exec-nightmareIf you ask most financial services CIOs, they’ll say their “wake up in a cold sweat” nightmare is about a system they are responsible for causing an outage that generates embarrassing headlines like this, this or this.

These kinds of incidents have immediate consequences as customers close accounts and regulators levy fines, but the lasting impact, which can be far greater, is the damage to the firm’s reputation. The market has always had a long memory, and the stakes are higher than ever after a five year period marked by scandals and gaffes that have seen public sentiment turn against the banks in general.

In a conversation with the CIO of one of our banking customers, he pointed out that reputational risk has become one of his top priorities and something that’s always front of mind when selecting a technology or designing a new project.  He explained that he has come to view complexity as the main driver of risk, and therefore public enemy #1, and his project priorities have been affected accordingly.… Read the rest