The new technology will help banks that have relied on multiple reconciliation platforms that use legacy technologies which can be up to 20 years old.
Tag: Machine Learning
One of the main goals of the new technologies is to automate internal tasks and workflow processes.
BNY Mellon will leverage the partnerships with three FinTech firms and one of the world’s largest hedge funds for new AI, machine learning and risk solutions.
Sibos 2019 in London saw several key announcements from securities services providers over the deployment of APIs, AI and DLT.
SmartStream deploys new technologies allowing business users to reconcile complex sets of data in seconds.
Northern Trust will leverage machine learning to project demand for equities in the securities lending market and grow revenues.
The hire is the latest move for BNY Mellon as it looks to identify and launch new opportunities to expand its digital and data capabilities.
Big data is coming under growing scrutiny in certain quarters, as the risks of bad data could have an adverse affect on machine learning tools.
BNY Mellon will build a global digital team across the bank, with the aim to attract new talent and setting its strategic digital direction.
Our round-up of Fund Forum Berlin looks at how asset managers are looking to factor in ESG to their strategies, while the technology debate of cost vs reward rumbles on.