Wealth

Amidst the strategic decisions and the fears of a mysterious AI stealing the jobs of financial advisors, we believe one important detail remains overlooked. Do we properly understand the machines that are to automate an essential part of our value chain or that may become an alternative to our human operators?

Regardless of your level of professionalism as an investor, having access to relevant news with different perspectives on your assets is valuable. However, although useful for some, the high volume of the accessible news can be exhausting for non-professional investors. That is why we decided to discuss the way of delivering news in a concise and intuitive manner. Rather than having a large set of news titles summarizing your portfolio, it can be neatly compressed by using natural language processing. To explain, NLP is used to model human language and transform spoken words into written text, translate languages, answer questions and even generate synthetic text pieces. Using technological progress as a tool to increase the value for the client isn’t necessary insignificant as it indeed serves a purpose of delivering information in a way which engages the end user.

Social distancing has pressured wealth managers and credit providers to accelerate the digitalisation of their workflows. Our blog post focuses on how they could choose to do that. First, by developing the IT infrastructure on their own, companies aren’t choosing the “be all and end all” approach, as the strategic direction remains in the hands of the firm. Second, as nascent firms drive innovation, it can be difficult for in-house teams to build competitive technology consistently. That is why outsourcing is another potential option. Third, while both building in-house and full outsourcing have their perks, another strategy displays linking the two together and introducing APIs as a solution – an approach favoured by many incumbent financial organisations. Such a process is allowing the infrastructure provider to build world-class tech while letting the business serve its clients with optimal solutions.

Modern cloud computing, which in absolute timespan is still very young, has become a pretty much ubiquitous facet in our lives. Most of us now store a majority of our personal data on numerable cloud servers operated by huge companies who are now household brands. Any remaining confusion in nomenclature and etymology doesn’t reside with the young. For those of us old enough to remember floppy disks, we can still get confused by terminology. Here we look into the history and future of cloud computing.