AI

AQR Report: Can Machines „Learn“ Finance?

AQR‘s Portfolio Solution Group this week published a short but important research study on whether Machine Learning can be useful for asset management. The executive summary states that research into ML for asset managment is just in its infancy, but that early evidence suggests that ML tools can potentially improve investment portfolios, with application of …

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Autonomous Research Sees 22% Cost Reduction in Financial Services by 2030 through AI, Totaling $1 Trillion

Autonomous Research’s London-based NEXT unit, which focused on FinTech and the future of finance, predicts cost savings of 22% for financial services firms globally by 2030, totaling $1 trillion. The graphs above show a breakdown across banking, investment management and insurance, as well as front-, middle- and back-office. AR calls the outcome of AI applied …

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JP Morgan and Microsoft Announce Strategic Blockchain Partnership

JP Morgan and Microsoft this week announced a strategic partnership to accelerate the adoption of enterprise blockchain. JP Morgan’s Quorum, an enterprise-focused version of Ethereum, will be the first distributed ledger platform available through Microsoft’s Azure Blockchain service, so their customers can build and scale blockchain networks in the cloud. Based on Ethereum, Quorum is …

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BlackRock Lab for AI Focuses on a Stock-Lending Platform, Alt Data Sets and Automating Boring Tasks

BlackRock‘s Chief Engineer and Head of the Aladdin Product Group (APG), Jody Kochansky, in a blog last spring wrote about „the promise of AI and what it means to BlackRock.“ His topics included how the firm already is using AI today, such as superior insights following the explosion of unstructured data, AI‘s ability to enhance …

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IBM and Thomson Reuters Launch AI-powered Real-Time RegTech Compliance Solution

In a new collaboration, IBM and Thomson Reuters will offer financial institutions access to an AI-Powered RegTech Solution. According to a press release, the service will be delivered through the IBM Cloud with real-time financial data from thousands of sources, backed by domain knowledge from IBM consulting subsidiary Promontory Financial Group. Promontory was founded in …

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VC firms are becoming RIAs to invest more broadly and in bigger buckets – blurring the lines of demarcation for investing in the age of ML/AI

Andreessen Horowitz last month filed papers to turn the 10-year-old VC firm into a registered investment advisor, RIA, to invest more broadly and more flexibly. Forbes in a feature called it “Andreesen Horowitz is blowing up the venture capital model (again)”. a16z, as the firm is also known, was one of the AI/tech investing pioneers, …

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Accenture: Challenges for Financial Services in ML/AI Adoption

Data as the new oil, and how data-rich industries such as financial services can tap into their noisy liquid gold. A recent in-depth Accenture study addresses the challenges for financial services on the road to AI adoption, especially cultural and how to become comfortable with the robustness of modeling techniques. Access the full report on …

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Stanford HAI: The Historian and the Technologist – Yuval Harari and Fei-Fei Li in Discussion on the Future of Tech and Humanity with AI

Stanford HAI and the McCoy Family Center for Ethics in Society last week co-hosted a discussion between Professor Li, the Co-Director for the Stanford Institute for Human-Centered AI, and Professor Harari, best-selling author and Professor of History at Hebrew University. Here is a summary of the 90-minute discussion around AI for Humanity.

AI Asset Management Studies – An Overview of Recent Research and Surveys from McKinsey, Accenture, Brookings, Deloitte, PwC, KPMG, Oliver Wyman, Casey Quirk, Roubini, and others

Most of the bigger accounting, consulting, advisory and research houses have started to focus their attention on how AI, ML, big data and predictive analytics are changing investment management, for productivity, automation, distribution, and investing. Here are few of the good recent ones for you to review: McKinsey: Advanced analytics in asset management: Beyond the …

AI Asset Management Studies – An Overview of Recent Research and Surveys from McKinsey, Accenture, Brookings, Deloitte, PwC, KPMG, Oliver Wyman, Casey Quirk, Roubini, and others Read More »