10 Apr AI and Financial Services
Posted at 13:45h in Equity Research
Written by Emanuele Licari and Daniel-Nicolae Paraschiv
What is the relationship between AI and Financial Services? Why should firms consider AI as a core component? Here is a summary of the most interesting subfields of AI applied to optimise processes, drive cost efficiency and maintain competitiveness.
Firstly, we introduce NLP and its relevant tools to make use of it in Quantitative Trading, such as the Google Natural Language API and the Deloitte BEAT. Then, we analyse upsides and downsides of implementing Machine Learning in Asset Management and Financial Risk Analysis. Lastly, we state that AI will become an essential element of FS firms’ strategies, although it still represents an evolution, not a revolution.Download PDF