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Author Topic: Chatbots on the dealing floor  (Read 66 times)
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January 10, 2018, 02:06:00 PM

The robots are coming, and for the investment sector, their arrival couldn’t come at a better time. The march of artificial intelligence (AI) into the workplace can be seen in every facet of the corporate world, from the production line to the financial services space. Alongside better analytics and greater capacity, AI and cognitive reasoning can deliver something equally important to the financial sector – transparency.

A virtual trader is useless without an interface to instruct and engage it. Cognitive reasoning platforms such as Rainbird allow AI technologies to make human-like decisions based on data and knowledge maps and escalate more complex calls for human intervention. Such a structure ensures a level of certainty and measurable decision-making process with a clear audit trail of what trades were executed and why the decision was made. Rather than being at the mercy of variables of human traders and their own perception of whether a risk is worth taking, an organisation or a customer can tune or cap their AI trader and impose hard limits on how much risk they want to entertain via the AI for a consistent outcome.
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