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The Trading Mesh

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Joined: September 21st, 2018

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Michael Woodman wrote a new blog post titled To realise the potential of AI in finance, users need to grasp the scale of the problem

How the cloud will help AI and machine learning systems flourish in the finance space. In Douglas Adams' sci-fi novel The Hitchhikers Guide to the Galaxy, an alien invasion fleet arrives on Earth intent on ousting humanity. But, owing to a vast underestimation of scale, the invader's entire fleet of mighty attack ships is swallowed … by a small dog. I was reminded of this failure to grasp the size of the issue at hand when hearing some of the inflated, over-ambitious claims being made for artificial intelligence (AI) in the banking and finance sector. Because, just as in Adams'...
(83 days ago,(2018/09/21))

Michael Woodman wrote a new blog post titled Why it’s time the finance sector ditched its legacy infrastructure

Are you still running legacy infrastructure simply because it continues to work, not because it's the best way to do business today? Ever known someone who insisted on driving a beaten-up old car until it pretty much fell apart? You know the sort: as long as it works, they'd argue, why scrap it? Some finance organisations are doing something similar: running their middle and back office processes on legacy infrastructure simply because it continues to work, not because it's the best way to do business today. And according to market researcher McKinsey, many of the finance sector's...
(83 days ago,(2018/09/21))