Simplification Key To Bringing Intelligence To Finance Systems

When it comes to bringing intelligence to real-time engineering systems, the world of finance has been hindered by its legacy. Compared to things like self-driving cars, incumbent financial infrastructure takes a very long time to update, and is siloed into systems that cannot really talk to each other. Paul Bilokon, founder of Thalesians, an organization to promote deeper thinking and philosophy within finance, points out that many nonfinancial systems are using software techniques that are far ahead. But he also sees this changing thanks to improved infrastructure tools and advancements in machine learning within finance. "Look at all these techniques that people use outside finance," Bilokon said.