12 Jul AI Wide Open: The Risk Technology Awards 2018 highlight how new technologies are bringing recognition for vendors
12 July 2018
Artificial intelligence and machine learning are finding new homes in finance. Although some hedge funds and specialised teams have applied these techniques – some of which were developed in the 1950s and 60s – to market analysis and trading for a while, they are now appearing in a broader spectrum of applications.
Submissions for this year’s inaugural Risk Technology Awards revealed that credit scoring, market surveillance, cyber risk detection, operational risk modelling and trade allocation are just some of the areas where the techniques are being piloted or deployed. It is still early days, and for the moment the technology is supplementing rather than replacing conventional methods, but the indications are that AI, in all its various manifestations, is going to be a game changer.
Download the full article here
As one of our judges put it: “Wherever we look in risk technology, AI and machine learning are going to play a leading role. Anyone getting into this now will either crash and burn, or be one of the market leaders in the future.”