Bank of America brings AI to equity capital markets

The financial services sector is no stranger to data analytics, but subjective, gut-based decision-making is still the norm in some areas. Take equity capital markets (ECM) bankers, who specialize in helping clients raise capital through initial public offerings (IPOs) and the like. Traditionally, ECM bankers have relied on relationships with investors and their expertise of the financial and industry landscape to identify investors who are most likely to participate in an upcoming deal. Bank of America is looking to turn that tradition on its head with the use of artificial intelligence (AI). Get the insights by signing up for our newsletters.