Intelligent document capture marks the first step in the custodian's alternative asset servicing plan, built on machine learning, artificial intelligence and cloud computing solutions.
Tag: Machine Learning
The partnership comes as custodians turn to FinTechs and other technology providers to transform and automate unstructured data in the alternatives markets.
Just over half of sell-side firms in a recent survey said they plan to use artificial intelligence for securities finance over the next 12 months.
The new service is powered by Elastic, where the bank will use its machine learning and anomaly detection features.
The new solution designed in partnership with Lumint will enable greater oversight of thoughts of daily data points in the currency management lifecycle.
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.
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.