By harnessing troves of historical data, asset and wealth management firms are now exploring AI solutions to improve their investment decisions. Since the market crash in the late 2000s, business regulators and consumers have been more wary about risks seeing as some are still trying to recover from it. Machine learning seeks to provide a paradigm shift in investment management for financial institutions so that they do not find themselves in such a situation again. Over the years, technology has helped companies make sense of the massive amounts of data they possess by analyzing them before reaching final decisions. For example, blockchain allows companies to check the validity of transactions before they are even completed.
Jun-6-2019, 09:30:26 GMT