The meaning of AI, machine learning and robotic process automation in financial market

Robotic process automation (RPA) and artificial intelligence (AI) and machine learning (ML) are impacting the financial services industry across the front, middle and back office. RPA, in which computers handle repetitive, labour-intensive, rules-based tasks in place of or in conjunction with employees, are now well-established in the banking industry. Though it is often claimed that RPA frees up staff to focus on serving clients or higher value or more creative tasks, it is used chiefly as a means of shedding more expensive FTEs. AI and ML,....

Data is not the new oil – it’s the new electricity

Article by Dominic Hobson

The most powerful technology yet invented by man has had virtually no effect on productivity and, by extension, the overall standard of living. Yet computing was never about the technology, but always about the information. And information, to quote Heinz von Foerster, is “order wrenched from disorder.” With AI algorithms now doing exactly that to the ever-increasing store-houses of digital data, computing technology might at last be on the cusp of fulfilling the destiny of any general purpose technology: to transform everything. The best way to help it do that, write Dominic Hobson, is to place the ownership of data in the hands of the people that create every company that exists: consumers...

With data in their hands, consumers can intimidate anybody

The blockchain era has spawned a great deal of innovation, but its most lasting impact might well lie in the fact it forced us to think more imaginatively about data. A decade ago, every business wanted to be the next Facebook or Google, by selling its data to third parties. Today, the coming businesses are those which have grasped that data naturally belongs not to corporations but to consumers because...

We have seen the future of securities and it is tokenised

Article by Dominic Hobson

Security tokens are coming. In fact, they are here already, and have been for a while. Though most of the security token offerings (STOs) in the last three years were hard to distinguish from Initial Coin Offerings (ICOs), several corporates and banks (Banco Santander, Bank of China, BBV, Daimler, Deutsche Bank, Société Générale) have tokenised bonds or loans on public as well as private blockchain networks...

Future of finance has one overriding goal. It is to host meetings (at the moment virtual meetings) that bring together long established members of the financial services industry (banks, brokers, asset managers, insurers, financial market infrastructures) with entrepreneurs (challenger banks, technology companies and FinTechs) and market authorities (central banks, regulators and policymakers) to explore how the financial services industry can grow faster by being more open, more innovative and more trustworthy.

WHAT WE DO

We organise meetings and discussions at which to meet the people shaping change and dictating outcomes in the financial services industry - and become one of them.
A platform to encounter new ideas and fresh ways of thinking about old problems and new challenges.
Access to senior financial services industry practitioners and professionals, regulators, public policy makers, technologists and academics.
Constant opportunities to contribute to an independent information platform whose members share a passion for innovation.7