Chief Innovation Officer
BMO’s cloud migration strategy eases AI adoption
The Canadian bank is embracing a more digital future as its cloud strategy makes gains and it looks to both traditional machine learning and generative AI for further augmentation.
Waters Wrap: GenAI and rising tides
As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.
Bank-led consortium takes aim at position reporting
Five banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC, have joined forces to mitigate interpretation and implementation errors in position reporting disclosures.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
Waters Wrap: Open source and storm clouds on the horizon
Regulators and politicians in America and Europe are increasingly concerned about AI—and, by extension, open-source development. Anthony says there are real reasons for concern.
Why recent failures are a catalyst for DLT’s success
Deutsche Bank’s Mathew Kathayanat and Jie Yi Lee argue that DLT's high-profile failures don't mean the technology is dead. Now that the hype has died down, the path is cleared for more measured decisions about DLT’s applications.
Broadridge CEO: ‘We intend to be a leader in AI’
In 2023, Broadridge became one of the first capital markets-focused companies to roll out a GPT-powered tool. Now it is looking across use cases and foundational models to determine where to plant its flag next.
Court case probes open-source licenses as movement stands at crossroads
The Software Freedom Conservancy’s lawsuit against TV-maker Vizio begins trial in California, raising questions about open-source licenses and the risks posed by adhering to them.
Fighting FAIRR: Inside the bill aiming to keep AI and algos honest
The Financial Artificial Intelligence Risk Reduction Act seeks to fix a market abuse loophole by declaring that AI algorithms do not have brains.
Waters Wrap: The rise of AI washing… and regulation washing?
The SEC recently levied fines against two investment advisors over “AI washing”. Anthony takes issue with the announcement.
The bank quant who wants to stop genAI hallucinating
Former Wells Fargo model risk chief Agus Sudjianto thinks he has found a way to validate large language models.
Waters Wrap: The tough climb for startups
Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.
Native digital assets—a Kodak moment for financial services
Ian Hunt argues that ignoring a new business model for investment products, assets, transactions and asset servicing could sentence financial firms to the same fate as the fallen film photography giant.
JP Morgan DLT exec: Settlement rails needed for digital bonds to gain traction
At an Afme conference, Scott Lucas, head of markets DLT for JP Morgan, noted DLT’s progress in the bond space. Others said the tech has a long way to go before wider adoption.
Breaking down the walls: Enterprise architecture gets its day in the sun
Voice of the CTO: Enterprise architecture aims to tie together a bank’s overall infrastructure, systems and workflows. While easily said, bank technologists explain why it’s harder in practice.
Dora technical standards shoot for break in the clouds
One goal of the EU’s latest ICT risk act is to mitigate cloud concentration. Some experts say it may make it worse.
Vanguard cautiously explores neural networks for alt data analysis
John Ameriks, head of Vanguard’s Quantitative Equity Group, explains the rationale behind dataset selection and how the group has been using machine learning.
GenAI offers promise, complexity for research management
Research management system providers are building on their AI capabilities using LLMs to improve the research process, but challenges remain.
Elephant in the room: Balancing AI innovation with cloud projects
Voice of the CTO: While generative AI is today’s hot topic, bank technologists explain how they’ve spent years planning for this day, even if cloud had been the main focus. And to be sure, skeptics remain.
Run the bank, change the bank: CTOs juggle needs and wants
Voice of the CTO: In part two of a five-part series, bank technologists explain where firms go wrong when trying to modernize their tech stacks and manage technical debt.
GenAI or replatforming? Bank CTOs disagree on budgetary spend
Voice of the CTO: In part one of a five-part series, several bank technologists discuss where they are looking to spend their budgets this year, and what hurdles stand in the way of experimenting with generative AI.
AI expert warns of algo-based market manipulation
An artificial intelligence professor warns of machine learning ‘arms race’ for regulators against those seeking to use new technologies to manipulate financial markets.
Domain-specific AI: the hot topic of 2024?
Generative AI is increasingly being applied to specific domains within finance. But experts are divided on whether targeted models will take over from their general-purpose cousins.