Analytics & Business Intelligence
American Express is assembling experts in big data, cybersecurity and mobile technologies at a new hub unveiled in Palo Alto, Calif., late last week. CTO Nik Sathe, who formerly worked on mobile...
Vanguard is seeing strong adoption of a pilot program that offers automated financial advice, with assets more than quintupling in the first three quarters of the year. The automated platforms, known as robo-advisers, have seen strong growth this year, with financial companies like Fidelity and Charles Schwab announcing similar services and independent robo-advisor companies achieving solid expansion.
A new Royal Bank of Scotland unit will use social intelligence software vendor Artesian to analyze the exchanges between relationship managers and their customers. The technology will be used for RBS' new Williams and Glyn bank, expected to launch in 2015.
UBS has selected big data analytics vendor Sqreem from a pool of tech companies vying for a chance to help the firm enhance user experiences for wealth management clients. Sqreem says it uses "massive parallel computing" and graphics processing units to analyze big data orders of magnitude faster than other database management systems.
In an effort to help advisors digitize their practices, Fidelity Institutional is partnering with LearnVest, a financial planning company known for its highly automated investing and financial goal-setting applications.
In a newly announced partnership, CME Group will introduce new futures for hedging risk on short-term collateralized loans and other nearly risk-free interest rate exposures, based on indices created by BNY Mellon. BNY will provide daily U.S. tri-party repo indices that reflect overnight interest rates on tri-party repo transactions collateralized by U.S. Treasuries, agency mortgage-backed securities and U.S. agency debt.
Goldman Sachs has led a $15 million funding round for Kensho, the creator of a Siri-like virtual assistant for market research. Kensho's virtual assistant, named Warren, is able to answer complex...
When Reto Francioni steps down as CEO at the end of May, Deutsche Borse will replace him with a banking executive with experience in Asian and international markets, a signal that the exchange operator will continue its emphasis on Asian markets as an avenue for growth.
Credit Suisse has made its HOLT Company Analyzer application available to Bloomberg users by adding it to the Bloomberg App Portal. The move marks the first time that entry-level access to Credit Suisse's proprietary company analyzer has been made available on demand to a wider audience.
Tighter margins and the availability of an increasing amount of data is prompting energy trading firms to begin looking to better analyze data and optimize processes, but many firms in energy trading, are still wrestling with integrating disparate data silos, according to Sapient Global Markets.