Tag: artificial intelligence

artificial intelligence

The Human Touch

Despite the hype around artificial intelligence and machine learning in an increasingly data-driven environment, Galen Stops finds that humans remain a vital part of the trading process.

Intel co-founder Gordon Moore famously noticed that the number of transistors per square inch on integrated circuits had doubled every year since their invention. This observation, which has become known as Moore’s Law, essentially predicts that this trend will continue into the foreseeable future, meaning that computing power will become more and more efficient.

Likewise, the acceleration of technology in financial markets – including FX – has meant that these markets have become increasingly efficient.

Drilling for the New Oil

If data is the new oil, then how trading firms “drill” it in order to generate alpha becomes increasingly important. Galen Stops reports.

So often has the phrase been used recently that it’s in danger of becoming something of a cliché but, apparently, data is the new oil.

To see evidence of this, look no further than the technology giants that have emerged out of Silicon Valley. Yes, Facebook doesn’t charge users money for the social media platform it provides, but is it free? Arguably, users “pay” with the data that they create via their interactions on the platform, which Facebook is then free to use and sell to generate profits.

Santander Partners with BiBox on FinTech

BiBox is partnering with Santander Global Corporate Banking to focus on fast-paced integration of fintech solutions into the bank.

The collaboration will enable Santander to quickly integrate new solutions and technologies across all business units faster than traditional onboarding methods via its digital marketplace. The aim of this is to produce cost-savings, faster speed to market, greater standardisation and data sharing in a compatible and compliant manner.

BiBox has been working with Santander Global Corporate Banking to deploy its ‘curation and industrialisation’ offering, which enables smaller players such as fintechs to provide their tools within end-to-end workflows that banks can consume more readily within the confines of scale and regulation.

New Study Highlights Hedge Fund Tech Spending

Hedge fund managers are increasing their investment in technology to create competitive advantages and address regulatory and operational concerns, according to a new study by KPMG International, the Alternative Investment Management Association (AIMA) and the Managed Funds Association (MFA).

The study polled more than 100 global hedge fund managers representing approximately $300 billion in assets under management (AUM) and found that 90% of these firms are investing in technology to improve controls and compliance. A similar amount, 88% of respondents, said that efficiency objectives were their top reason for investing in technology.