The finance industry’s love of artificial intelligence has reached fever pitch — even in Europe, that traditional tech laggard. Beyond headline-grabbing announcements at HSBC Holdings Plc, or tin-eared ones from Standard Chartered Plc, ask any fund manager, banker or trader and you’re likely to hear stories of increasing adoption and experimentation.
Examples range from the humdrum to finance’s brainier realms: Compiling analyst recommendations into a personal automated rating system; training a chatbot in portfolio allocation ideas that don’t just give the same idea in three different ways; and the heavy lifting on writing code for whizzy quant traders.
