The Fintech Files: Do we expect too much from AI?

Johnny come... just in time There's no first mover advantage according to Nomura -- but equally no one wants to miss the boat, Mohideen said. It is also hard to dodge the hundreds of calls from fintechs promising to revolutionise banking through AI; Mohideen estimates he has fielded 400 in the last two years. Research in banks' innovation labs comes in many forms and one of the exercises Nomura is carrying out will set "certain standards" with the fintech firm to "use these tools", Mohideen said. He means both "sorting the wheat from the chaff" and "agreeing the rules of the game", which is a very useful thing to do. Get it right and the benefits could be huge: predictive analytics for both trading and sales could help the bank better understand its clients.