machine learning

deep neural networks, derivatives, Ecole Polytechnique, ETH Zurich, Imperial College London, machine learning, risk models, volatility

In an academic paper, Blanka Horvath from the Department of Mathematics at ETH Zurich, Aitor Muguruza from Imperial College London and Mehdi Tomas from Ecole Polytechnique present a consistent neural…

CFO survey shows automation and analytics tops investment priorities

April 12, 2019

artificial intelligence, CFOs, data analytics, Grant Thornton, Intelligent Automation, machine learning, OCR, RPA

Because finance leaders face a burgeoning list of emerging technologies, Grant Thornton set out to understand the top priorities that are shaping their digital strategies. Its 2019 CFO survey revealed…

Synced: quantum-enhanced feature space for ML

April 12, 2019

Big Data, machine learning, Quantum Computing

Kernel methods for machine learning are widely used in pattern recognition and classification tasks. However, when a feature space becomes too large, computation of the kernel function becomes prohibitively expensive…

Fintech weekly deals and partnerships round-up

Torstone acquires cloud compliance tech company Torstone Technology, a provider of post-trade securities and derivatives processing technology, has announced that it’s agreed to acquire Percentile, a provider of real-time, cloud-based…

BIS research: bigtech and the changing structure of financial intermediation

April 8, 2019

News and Notes, News and Notes – Fintech

Bank for International Settlements, bigtech, credit, data analysis, fintech, machine learning, Mercado Libre

In a BIS working paper, researchers from the Financial Stability Board, Bank for International Settlements, Graduate Institute (Geneva) and Argentina’s bigtech firm Mercado Libre consider the drivers and implications of…

Cyberthreat report finds machine learning top strategy for too much data

March 26, 2019

Big Data, cybersecurity, IT survey, machine learning

CyberEdge Group, a research and marketing firm serving the security industry’s vendors, announced the availability of its sixth annual Cyberthreat Defense Report (CDR). The report found that IT security’s greatest…

Oracle adds AI to slew of financial control processes

March 19, 2019

artificial intelligence, machine learning, Oracle, Treasury

Oracle has extended the artificial intelligence (AI) capabilities within Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Enterprise Performance Management (EPM) Cloud. The latest machine learning-based innovations include an expense…

Eurekahedge: quant strategies falling out of favour with investors

March 19, 2019

artificial intelligence, Eurekahedge, hedge funds, machine learning

Fund managers utilizing AI/machine learning strategies were down 0.32% in February, dragging their year-to-date returns to 2.02%. Quant strategies continued to fall out of investors’ favour, with the CTA/managed futures…

Fintech weekly deals and partnerships roundup

Argentina’s MercadoLibre closes $2bn public and private offerings MercadoLibre, a Latin American e-commerce technology company, announced the closing of its $1.15 billion public offering, which includes the exercise in full…

Eurekahedge: AI and crypto funds back in black

March 12, 2019

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds, machine learning

Fund managers using AI/machine learning strategies were up 0.60% in February, bringing their year-to-date returns to 2.96%. The Eurekahedge AI Hedge Fund Index was down 5.26% in 2018. The Eurekahedge…

Fintech weekly deals and partnerships roundup

Medici Ventures takes minority stake in blockchain banking platform Overstock announced its wholly-owned blockchain subsidiary, Medici Ventures, has purchased a 5.1% stake in Bankorus, a blockchain banking platform focused on…

China Daily: PBOC unveils fintech development plan

March 11, 2019

artificial intelligence, China, credit risk, Data, machine learning, PBOC, suptech

China will roll out a fintech development plan and apply the technology more widely to better serve its real economy, said Fan Yifei, deputy governor of the People’s Bank of…

VCs are ploughing money into AI, but are they using it to make decisions?

March 4, 2019

Artificial Intelligence, Technology

data analysis, machine learning, PitchBook, Venture capital

An interesting survey about venture capital attitudes to data and tech echoes trends in the financial services industry writ large. VC invested some $24.6 billion in AI and machine learning…

McKinsey: derisking machine learning and artificial intelligence

February 20, 2019

artificial intelligence, machine learning, McKinsey, risk management

Although many banks, particularly those operating in jurisdictions with stringent regulatory requirements, have validation frameworks and practices in place to assess and mitigate the risks associated with traditional models, these…

AI-driven ESG indices under construction for Solactive and Truvalue Labs

February 11, 2019

artificial intelligence, ESG, machine learning, NLP, Solactive, Truvalue Labs

Solactive, the German index engineering firm, will collaborate with San Francisco-based AI company Truvalue Labs, intensifying efforts to meet a significant increase in client demand for ESG indices. From its…

Key takeaways for financial services from Cybertech Israel

February 10, 2019

Artificial Intelligence, Technology

cybersecurity, Cybertech, Insurance Risk, machine learning, Quantum Computing, Zurich Insurance

Transformation is a “magic” word that represents a slew of digital challenges coming down the pipe, which push banks to think about starting from scratch to find the right solutions.…

Mimiro raises $30mn for ML platform analyzing counterparty risk profile

January 31, 2019

Balderton Capital, deep learning, fraud, fundraising, Index Ventures, KYC, machine learning, Mimiro, regtech

London-based Mimiro has raised $30 million from investors to accelerate the global expansion of its machine learning platform for analyzing the risk of financial crime by verifying parties and transactions.…

Feedzai and Data Robot team up for financial crime detection

January 31, 2019

artificial intelligence, data science, DataRobot, Feedzai, fraud, machine learning

Feedzai and DataRobot have partnered to allow banks, merchants, processors, and other financial institutions to incorporate DataRobot machine learning models directly into the Feedzai platform to create a platform for…

Gartner analysis of vendors of data science and machine learning platforms

January 31, 2019

data science, Dataiku, DataRobot, Gartner, Google, IBM, machine learning, MathWorks, Microsoft, vendors

Expert data scientists, citizen data scientists and application developers require professional capabilities for building, deploying and managing analytical models. New vendors to what Gartner names the “magic quadrant”, along with…

ICFC: white paper on AI chips

January 22, 2019

AI chips, artificial intelligence, hardware, machine learning, neuromorphic computing

The AI chips discussed in this white paper mainly include three types: the first one is universal chips that can support AI applications efficiently through hardware and software optimization, such…

STAC’s study on financial NLP a step towards machine learning benchmarks

January 18, 2019

Benchmarks, machine learning, NLP, STAC

The Securities Technology Analysis Center designed a study to illustrate how its benchmarks for machine learning (ML) can be constructed and used. It’s intended to help data scientists and data…

Barclays accelerator grad Seldon raises £2.7m in seed round

January 16, 2019

Barclays, fundraising, machine learning, Seldon

Machine learning deployment startup Seldon announced a £2.7 million ($3.5mn) funding round led by Amadeus Capital Partners alongside Global Brain Corporation, Techstars and other existing investors. Commercial success is being…

DSC: 5 data science predictions for 2019

January 11, 2019

artificial intelligence, Data, machine learning, SNNs

Data Science Central’s predictions for 2019 Prediction 1: Data Becomes More Important Than Algorithms We’re well into the period when having more and better data is the key to success…

FOW: DTCC tech exec tackles myths about robotics

January 9, 2019

artificial intelligence, automation, DTCC, FOW, machine learning, RPA

Artificial intelligence-driven robotics can supercharge massive databases by accelerating the capture, analysis and distribution of their data and enable them to continually learn and improve, writes Gordon Sands, executive director,…

BIS’ Carstens: big tech’s use of ML for credit scoring could disadvantage banks

January 6, 2019

Bank for International Settlements, Big Tech, China, credit, machine learning, People's Bank of China

Excerpts from speech by Agustín Carstens, general manager of the Bank for International Settlements, at the FT Banking Summit, London, 4 December 2018 In contrast to banks, big tech firms…

Lux regulator warns that AI should be explainable by design

January 6, 2019

AI ethics, artificial intelligence, CSSF, explainable AI, Luxembourg, machine learning

Institutions should implement measures to ensure explainability of their artificial intelligence and machine learning systems from the design phase, according to a recent publication from Commission de Surveillance du Secteur Financier…

OCC report warns on operational and compliance risks from tech

December 19, 2018

artificial intelligence, cybersecurity, machine learning, Office of the Comptroller of the Currency, operational risk

Operational risk is elevated as banks respond to an evolving and increasingly complex operating environment, according to a recent report from the US Office of the Comptroller of the Currency.…

Italy’s central bank creates big data, ML and AI unit

December 14, 2018

artificial intelligence, Bank of Italy, Big Data, Central Banks, machine learning

Excerpts from remarks by Salvatore Rossi, senior deputy governor of the Bank of Italy and president of the Institute for the Supervision of Insurance (IVASS) at 29th (EC)2 conference, Big…

Credit Suisse saves $200mn yoy from digitization

December 12, 2018

cloud, Credit Suisse, machine learning, RPA

Credit Suisse said it expects to save CHF200 million ($202.0mn) on operating expenses year-on-year as a result of its digital transformation strategy. Parts of the strategy highlighted in the Swiss…

Dataiku: intro to machine learning interpretability

December 4, 2018

Dataiku, explainable AI, machine learning

Understanding and trusting models and their results is a hallmark of good science. Scientists, engineers, physicians, researchers, and humans in general have the need to understand and trust models and…

Reuters: AWS has its own microchip for machine learning

November 29, 2018

ASICs, AWS, hardware acceleration, low latency, machine learning

Amazon launched a microchip aimed at machine learning, entering a market that both Intel and Nvidia are counting on to boost their earnings in the coming years. Amazon is one…

MathWorks: ML in risk management for forecasting bitcoin volatility

November 26, 2018

bitcoin, machine learning, MathWorks, MATLAB, risk management, volatility

Volatility forecasting is a common but still very important problem in finance, especially in risk management and quantitative finance. In this demo, you will learn how to apply machine learning…

IOSCO identifies core market risks, including crypto assets and advanced tech – IIAC CEO

November 20, 2018

artificial intelligence, crypto assets, DLT, ETFs, GDPR, IIAC, IOSCO, machine learning

An open letter from Ian Russell, president and CEO of Investment Industry Association of Canada (IIAC) provides a perspective on risks in global capital markets, the priorities for further reform,…

CloudQuant’s AI push adds RavenPack for alt-data

November 20, 2018

alternative data, Battle of the Quants, Big Data, CloudQuant, machine learning, NLP, RavenPack

1

CloudQuant announced the addition of RavenPack analytics to their trading strategy incubator. Crowd researchers can now use RavenPack historical data to discover tradable alpha signals on CloudQuant’s online Python and…

How advanced tech is being used to automate financial services

November 14, 2018

Automation, Technology

artificial intelligence, automation, Finance Magnates London Summit, Itarle AG, machine learning, Refinitive

Most companies are going to focus advanced tech efforts on automating tasks until alpha generation and other applications are more proven, said speakers on a panel at Finance Magnates London…

AI-ML top technologies to impact M&A due diligence, says survey

November 13, 2018

acquisitions, artificial intelligence, blockchain, GDPR, machine learning, mergers, Merrill Corporation

According to a survey of EMEA M&A professionals conducted by Merrill Corporation, artificial intelligence and machine learning (46%) and predictive analytics (37%) as the technologies that will have the most…

What the Fed’s learning about AI in financial services

November 13, 2018

artificial intelligence, Federal Reserve, Lael Brainard, machine learning

Excerpts from speech by Fed Governor Lael Brainard at Fintech and the New Financial Landscape, Philadelphia, Pennsylvania, November 13, 2018 Although it is still early days, it is already evident…

AI and crypto hedge funds continue downward slide

November 13, 2018

artificial intelligence, cryptocurrencies, Eurekahedge, hedge funds, machine learning

The bloodbath in October left AI/machine learning hedge funds at a loss, as the Eurekahedge AI Hedge Fund Index slumped 3% over the month – its worst monthly performance ever…

J.P. Morgan-backed fintech uses ML for FICC causative analysis

November 8, 2018

machine learning, Mosaic, natural language generation

Mosaic Smart Data has launched a new feature for its MSX platform enabling users to instantly generate text reports on their trading activity data using machine learning. The machine learning…

Saxo’s Blaafalk says AI-ML regtech is new frontier in finance

November 8, 2018

artificial intelligence, machine learning, regtech, Saxo Bank

The new era of regulatory requirements triggered by the global financial crisis presents the financial industry with many challenges, writes Steen Blafaalk, Saxo Bank’s chief financial and risk officer, in…

Central banks eye big data tech to overcome TR limits (Premium)

November 8, 2018

artificial intelligence, Big Data, machine learning, Trade repositories

Big Data, Technology

A recent BIS report highlighted how central banks and other authorities are using all that OTC derivatives data being gathered in trade repositories. Or maybe more to the point, how…

Singapore central bank updates on fintech regulations

November 2, 2018

News and Notes – Fintech, Uncategorized

artificial intelligence, Big Data, Central Banks, machine learning, MAS, regtech, Singapore, suptech

Excerpts from speech by Ong Chong Tee, Deputy Managing Director (Financial Supervision) of the Monetary Authority of Singapore, at ASIFMA’s Annual Conference in Singapore, 1 November 2018 Fintech developments have…

Google’s (free) machine learning course for fairness

October 26, 2018

AI ethics, Google, machine learning

As ML practitioners build, evaluate, and deploy machine learning models, they should keep fairness considerations (such as how different demographics of people will be affected by a model’s predictions) in…

DARPA wants machines to learn common sense in a step towards general AI

October 20, 2018

artificial intelligence, DARPA, machine learning

DARPA (Defense Advanced Research Projects Agency) has announced the Machine Common Sense program, which seeks to articulate and encode humans’ basic background knowledge for intelligent systems. While machine learning systems…

Saxo Bank opens new office in India, cloud and machine learning key priorities

October 13, 2018

cloud, India, machine learning, Saxo Bank

Saxo Bank Group is expanding its India presence in Gurugram. The move reflects Saxo’s major investments in technology with the new office as a hub for fintech innovations. Established through…

Takeaways from CFTC’s Fintech Forum and TAC meeting (Premium)

October 11, 2018

Technology

artificial intelligence, automation, Big Data, CFTC, distributed ledger technology, machine learning, robo rulebook

Last week, the US Commodity Futures Trading Commission held fintech-focused events, which also scrutinized advanced technologies. Distributed ledger technologies (DLT) and cryptocurrencies were spotlighted quite a bit, but machine learning…

PRMIA: why machine learning in credit risk is advancing

October 10, 2018

credit risk, machine learning, PRMIA

There have been major advances in the application of machine learning (ML) in the recent past due to a plethora of industry drivers that have revolutionized the utilization of these…

AI needs human-in-the-loop ethics. Is this a job for regulators?

October 9, 2018

Artificial Intelligence, Technology

AI ethics, artificial intelligence, Liquidnet, machine learning, Tom Doris

Last year, the passing of a former Russian officer who averted nuclear disaster served as a reminder why “human-in-the-loop” ethics for artificial intelligence and machine learning isn’t merely jargon. In…

Fintech M&A at $39.3bn, up 26%, in H1 2018 yoy

October 8, 2018

blockchain, fundraising, Hampleton Partners, Insurtech, machine learning, PSD2