Will Machine Learning Transform Finance?

Data may well be the natural resource that defines this century. If so, effective application of machine learning can extract its value. According to Charles Elkan, global head of machine learning at Goldman Sachs, financial services seems like fertile ground for AI to generate profit. Let Overbond introduce you to what the technology can do…

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City of London’s Post-Brexit Outlook Dimmed by Political Spat

London’s dominance as European financial center threatened by post-Brexit politics and political wrangling. Source: Bloomberg via GARP (Bloomberg) — Talks on the post-Brexit future of European capital markets have largely avoided the toxic haggling of the broader negotiations — until now. U.K. Chancellor of the Exchequer Sajid Javid and chief European Union negotiator Michel Barnier…

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AI Will Transform Financial Services Industry within Two Years

The comprehensive and global study confirms that AI is affecting the financial system at an accelerating pace. Source: moderndiplomacy A new survey released by the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) finds nearly two-thirds (64%) of financial services leaders expect to be mass adopters of AI in just two years…

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RBC Prepares to Blaze Trail With New Bail-In Eligible Bonds

RBC building

The Royal Bank of Canada will be the first Canadian financial institution to sell bail-in eligible securities. The bail-in eligible securities can be converted into equity should a bank get into trouble and will eventually replace deposit notes for Canadian banks. Source: Bloomberg Royal Bank of Canada is getting ready to sell the country’s first…

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Predictive Analytics in Financial Services

Source: The Financial Revolutionist When the big data boom grabbed headlines in the early 2000’s, it was because the high-tech industry allocated R&D efforts to develop new data-driven applications for their businesses. Out of these developments came the rise of predictive analytics. It should be noted that predictive analytics represents a different methodology from the more…

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