Enhanced Bankers: The Impact of AI
TABB Group 2018 FinTech trends shows that the market views AI as the biggest disrupter on the horizon. While financial markets participants see disruption coming from several different technologies there is a consensus view (48%) that AI/Predictive analytics will have the greatest impact on how the markets operate. When one includes Robo Advisors, 62% of the buy side respondents have identified AI as the key space to innovate and disrupt. AI is here and will change how the markets think about the markets and how the markets will function with greater insight and eventually automation. AI is nothing less than the lynchpin of the FinTech strategies of many firms within capital markets.
This Market Note explores the present state and potential capabilities of ML/AI systems as applied to large customer facing bank trading and structuring desks. TABB Group conducted extensive interviews with senior executives within tier one banks, who are deeply involved in projects to leverage ML and AI to obtain greater insight, and TABB conducted a survey of the market to understand broader trends.