The problem lies in the competitive environment and high cost of acquisition facing brokers today. The solution lies in automation according to OSYSTEMS’ COO and Advocate Keith Isaac.
The launch is scheduled for May 11, 2017.
The tests reveal that AI is highly accurate in determining the possibility of unfair trading.
MEPs call for rules concerning the fast-developing robotics industry.
“FX trading by its very nature is always going to evolve”, notes Paul Orford.
A robot capable of writing claims for the retail clients of Sberbank is set to take over the jobs of 3,000 employees at the bank’s legal department.
APAC spending on robotics set to grow at 22% a year by 2020.
“When bots are utilized, and configured, in a user-friendly way, they can perhaps provide an even better experience than an actual person would”, says Natallia Hunik, Global Head of Sales, Advanced Markets & Fortex.
In a world where algorithms get closer to passing the Turing test, the fintech industry cannot help but follow the trend and embrace bots.
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” A modern automation system should certainly increase trading flows based on these strategies. And the type and quality of the flow it will generate will be quite favorable and can easily be handled by any A or B book broker” – Mikael Breinholst, CEO, Tradeworks
“One of the biggest perceived threats in online financial trading is security and in particular the protection of personal data of traders. Automation limits the amount of personal data that is exposed to human employees and therefore increases the security of the data.”
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