Indico & John Hancock Are Developing an A.I. Tool to Give Advice to Investors

Boston-based indico data solutions, which specializes in deep learning and artificial intelligence, announced it will be partnering with Manulife - known to us in the States as John Hancock - and its Lab of Forward Thinking (LOFT). With indico's platform, LOFT will build an AI-enabled solution that will help guide investors. The tool will use artificial intelligence and deep learning to analyze unstructured financial data - in text and image form - from sources like news articles and analyst reports. From this analysis, it will then make recommendations for portfolio managers to make more informed investment decisions - and hopefully, in less time than they do now. "Indico will help us accelerate our use of Deep Learning to improve the decision-making capabilities of our analysts, portfolio managers and researchers," Greg Framke, chief information officer at Manulife, said in a statement.