BUSINESSWIRE
The fintech industry is thriving globally. These developments have the potential to enhance as well as disrupt traditional financial markets through the provision of innovative, streamlined products and services. Many of the world’s top financial institutions as well as a large number of start-ups have been involved in the process of creating these new technologies.
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eFinancialCareers
If you want to work in or with big data, you need to get with the leading companies in the burgeoning data industry. J.P. Morgan identifies a large number of them in its machine learning report, and we’ve extracted some of the most interesting below.
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Futures Magazine
The world is uncertain. Forecasting is hard. Holding yourself accountable is even harder. But if you resolve to do it right, you will likely improve
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Investor Daily
Today, start-ups like Kensho, Sentient and EidoSearch use natural language and image/signal processing, machine learning and other sophisticated data science techniques to analyse billions of historical records and replicate the insights found by these traders, but they do it faster, cheaper and better.
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BENZINGA
“There is no one model that describes financial markets,” Kedmey said in an interview with Benzinga. “In a complex world, you have a better chance of success by looking for times and conditions that are like today, looking at what the outcomes were, and using those outcomes to forecast a range of possibilities.”
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Global Banking And Finance
During the past few years, EidoSearch has advanced beyond traditional analytic approaches, helping to usher in a paradigm shift in the analysis of current market conditions and cross comparing them against history to generated forecasted return distributions. Capturing these events to analyse the links within and across asset classes using multiple variables gives investors a powerful tool to support their investment portfolios and trade decisions.
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Thomson Reuters
Digital Wealth Management is in a nascent phase, compared to innovations in Payments and Consumer Banking. However the same forces that drove these innovations – 24/7 digital delivery, compliance, contextual relevance and transparency on fees – are now also driving changes in Digital Wealth Management.
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CBINSIGHTS
The transformation of capital markets technology has been underway for over a decade, but adoption among incumbents has been slow. A new wave of entrants has been gaining traction with investors and set a record in 2016 with 216 deals worth approximately $1.89B. Armed with private funding, this set of companies is leveraging technology with the aim of automating, digitizing, and creating access to global capital markets.
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FUTURES MAG
“How do we quantify uncertainty rather than just giving it lip service?” asks David Kedmey, President and co-founder of EidoSearch. “We’re good at explaining uncertainty when it comes to games of chance, but that’s in a world where you have perfect information. The real world of partial information and changing relationships [is like] playing blackjack with the dealer changing the composition of the deck. At one time, [the deck] has four aces, kings and queens, then all of a sudden face cards are doubled. And that’s what it’s like in markets when you go from what people would call a ‘risk on’ environment to ‘risk off,’” he says.
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Futures Magazine
Thinking in terms of probability is a central tenet of being a Superforecaster. Yet, when when it comes to projections, all too often forecasts are delivered in 30-second sound bites or a tweet. We reached out to EidoSearch, a forecasting firm that uses a patented pattern matching technology, to project event outcomes and find relationships in Big Data.
When examining data, EidoSearch President and Co-founder David Kedmey says investors should take a disciplined approach to discover a better understanding of future events.
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