Capital Markets Look to AI

Artificial intelligence is likely to bring benefits in post-trade processing for capital markets before distributed ledger technology such as blockchain is widely adopted. Vijay Mayadas, head of strategy and fixed income at Broadridge, told Markets Media that post-trade processing in capital markets generates huge amounts of data so workflows will benefit from intelligent automation and machine learning. He said: "There is huge interest in tackling the 5% of exceptions that cause 95% of settlement failures and costs. We are running a number of pilots and expect adoption sooner than blockchain." Mayadas is responsible for strategy, acquisitions, partnerships and growth-related activities at Broadridge including the firm's blockchain initiatives.