machine learning

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…

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

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…

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

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

The latest Fintech M&A Market Report from international technology mergers and acquisitions advisors, Hampleton Partners, shows the fintech sector with 141 transactions in the first half of 2018, with a…

DataRobot: 5 AI solutions every chief risk officer needs

October 4, 2018

artificial intelligence, DataRobot, machine learning, PRMIA, risk management

Are you using machine learning and artificial intelligence (AI) to optimize your risk management efforts? If not, you’re missing out on a huge opportunity to improve ROI on AML programs,…

Eventus Systems adds machine learning to surveillance platform

October 3, 2018

Eventus Systems, machine learning, market monitoring

Eventus Systems announced that it has integrated machine learning (ML) into its Validus surveillance and risk software platform, augmenting capabilities for identifying potential disruptive trading practices such as spoofing and…

Regtech spotlight: using machine learning on network data

September 27, 2018

artificial intelligence, Big Data, Corvil, Flow Traders, HFT, Intelligence Hub, machine learning

Corvil’s Intelligence Hub is now shipping, and the analytics and regtech firm is showing some early adoption use cases for its machine-time, artificial intelligence-powered analytics of network data. That may…

Reuters: CBOE exchange turns to machines to police VIX

September 20, 2018

artificial intelligence, CBOE, machine learning, Market infrastructure, Volmageddon

Hard pressed to quash allegations that its popular “fear gauge” is being manipulated, Cboe Global Markets is turning to artificial intelligence to help put those concerns to rest. In its…

DataLend: in fintech, an inflection point

September 20, 2018

DataLend, DLT, fintech, machine learning

When it comes to technology investment, especially in the securities finance industry, firms are laser-focused on driving down costs, maximizing efficiency and keeping up with evolving regulations, writes DataLend’s chief…

Training data platform Alegion adds ML predictive indicators and AI system integration

September 14, 2018

Alegion, artificial intelligence, data management, machine learning

Alegion, a training data platform for artificial intelligence and machine learning initiatives, announced the release of its next-generation platform with new features designed to boost large-scale machine learning initiatives and…

MATLAB: machine learning for algorithmic trading

September 10, 2018

education, machine learning, MATLAB

In this MathWorks’ webinar, Dan Owen, industry manager for Financial Applications for the APAC region, shows how to use regression and machine learning techniques in MATLAB to train and test…

Google accelerator program takes on financial AI startups

September 6, 2018

artificial intelligence, Google, machine learning

Google’s Launchpad Studio, an acceleration program for startups globally, has announced a cohort of finance startups that focus on applied machine learning. Founders work closely with Google and Alphabet product…

Big (alternative) data is better in real-time for alpha and risk

September 6, 2018

Big Data, Technology

Alpha generation, alternative data, Big Data, Goldman Sachs, Hanweck, intraday securities lending data, machine learning, Margin, Volmageddon, Voyant Capital Management

While there’s a lot of discussion about how to stop things like flash crashes, the fact is they are going to keep happening. Regulators are watching closely: ESMA just released…

Amazon machine learning researchers explain how Alexa dialogues

September 5, 2018

Amazon, chatbots, machine learning

Alexa analyzes the semantic content of utterances according to the categories domain, intent, and slot. “Domain” describes the type of application — or “skill” — that the utterance should invoke;…

An AI winter is nowhere in sight, and neither is an AI definition

August 17, 2018

artificial intelligence, back office, deep learning, machine learning, SaaS, World Economic Forum

Whenever the hype over artificial intelligence goes a bit too far, the term “AI winter” tends to pop up, injecting a tone of cynicism that “we’ve been here before”, and…

Corvil’s applying machine learning on network data for electronic trading businesses

July 18, 2018

Big Data, Corvil, machine learning

Artificial Intelligence, Collateral Management, Technology

Corvil announced its “Intelligence Hub” for electronic trading businesses, which applies machine learning and big data analytics to business data captured from networks. The Hub accurately identifies anomalies, triages areas of greatest…

Managing data through complexity: business evolution in the machine age

June 18, 2018

Sabine Farhat-Dupla

Big Data, machine learning, Murex, topstory

The evolution of capital markets, including complex regulations such as the Securities Financing Transactions Regulation (SFTR), has resulted in a need to manage and understand data as a core function,…

Bank of Italy’s Panetta talks about big data and machine learning tech for central banks

April 10, 2018

Bank of Italy, Big Data, Fabio Panetta, machine learning

Excerpts from opening remarks by Fabio Panetta, Deputy Governor of the Bank of Italy, at the workshop on “Harnessing Big Data & Machine Learning Technologies for Central Banks”, Bank of Italy,…

FCA calls for views on machine readable tech for regulation

February 23, 2018

FCA, machine learning