FinServ Ramps Up Machine Learning

Shanny Basar – The study said firms were using machine learning in cases ranging from equity trading to optimize order-routing and deal execution to anti-money laundering where the technology is used to analyse millions of documents for ‘know-your-customer’ checks. Insurance and banking had the most live cases in the sample with the median bank having 5.5 machine learning applications.

READ  SEC may soften stance on U.S. trading database, SIFMA says
%d bloggers like this: