Clearstream has launched a four-year programme to explore ways in using artificial intelligence (AI) and robotics to further standardise processes.
Joining up with the University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT), the central securities depository will research how AI and natural learning processing (NLP) can enhance automation and produce cost and time-efficiencies.
The initiative, run in partnership with escent, an AI specialisted consulting firm, will look to automate labourious analysis tasks within Clearstream’s IT engineering practises.
"We are taking at collaborative approach when engaging with new technology trends,” said Philippe Seyll, co-CEO, Clearstream Banking.
“This research partnership with the University of Luxembourg’s SnT is the ideal way to combine business knowhow and scientific research capabilities to investigate how new technologies, such as AI and NLP, can help move our industry forward.”
Speaking to Global Custodian in October, Clearstream Holding’s, CEO, Marc Robert-Nicoud, highlighted that manual processes such as corporate actions could benefit from robotics and smart contracts.