JPMorgan unleashes artificial intelligence to automate its legal work

JPMorgan unleashes artificial intelligence to automate its legal work

WHY THIS MATTERS IN BRIEF With massive technology budgets and a paranoia of startups stealing a march Wall Street is going all in on innovation and automation.   With companies like LawGeex and ROSS Intelligence trying to automate the legal world it was only a matter of time before the...

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Massive new satellite network can watch everyone on Earth

Massive new satellite network can watch everyone on Earth

WHY THIS MATTERS IN BRIEF A new, bolstered, space satellite system to keep watch over the world, it’s the equivalent of Tivo for Google Earth.   Planet, a global satellite company, who recently bought mini-sat company Terra Bella from Google, is used to breaking records. In 2014, a rocket exploded...

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Futurist keynote, Frankfurt: The Future of Automated Trading, Battle of the Quants

Futurist keynote, Frankfurt: The Future of Automated Trading, Battle of the Quants

WHY THIS MATTERS IN BRIEF Algorithmic trading has existed for decades but in the past five years it’s undergone a revolution thanks to new advances in AI and data science.   As you fly into Frankfurt Airport you’re reminded of the German’s love of efficiency, technology, and bold, but functional...

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Nowhere to hide for Goldman’s elite as AI culls jobs

Nowhere to hide for Goldman’s elite as AI culls jobs

WHY THIS MATTERS IN BRIEF Banking is one of the world’s oldest professions, but people only have a profession if they have a job, and as Wall Street drives to full automation there are fewer jobs to go round.   At its height back in 2000, the US cash equities...

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Futurist in the press: Battle for a trading edge, Handelsblatt Global

Futurist in the press: Battle for a trading edge, Handelsblatt Global

WHY THIS MATTERS IN BRIEF As financial services organisations around the world increasingly embrace AI we ask the question – are the algorithmic models they’re creating infallible?   Handelsblatt Global is the “Financial Times of Germany,” and it was my privilege to be interviewed by them before speaking at the...

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Never seen before fileless malware infects hundreds of global banks

Never seen before fileless malware infects hundreds of global banks

WHY THIS MATTERS IN BRIEF A new form of never seen before malware has been discovered and it’s getting more common, unlike previous forms of malware that rely on files to do their dirty work this one lives in computer memory – and that’s a problem.   Just a couple...

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Futurist keynote, London: The Future of Capital Markets, Accenture Capital Markets Summit

Futurist keynote, London: The Future of Capital Markets, Accenture Capital Markets Summit

WHY THIS MATTERS IN BRIEF Investments and the capital markets, arguably, sit at the heart of our capitalist society, but they, and the industries they rely on to find Alpha, are starting to change at a faster rate than at any point in their illustrious history and it’s sending shockwaves...

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Hackers can copy your fingerprints directly from photos

Hackers can copy your fingerprints directly from photos

WHY THIS MATTERS IN BRIEF Unlike passwords you can’t change your biometric ID’s, and hackers are finding new ways to lift them and use them for their own nefarious objectives.   Thanks Donald. Can I call you Donald? Now pass me your phone and don’t worry – I’ll take good...

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Goldman Sachs wants to put FX trades on the blockchain

Goldman Sachs wants to put FX trades on the blockchain

WHY THIS MATTERS IN BRIEF Using a blockchain will allow Goldman to settle FX trades in real time, without the need for expensive intermediaries and without compromising compliance, integrity or security.   Trading currencies is costly and slow for traders at major financial institutions – transactions need to go through...

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Japanese insurer announces it will replace office workers with artificial intelligence

Japanese insurer announces it will replace office workers with artificial intelligence

WHY THIS MATTERS IN BRIEF More and more companies are experimenting with AI as a way to automate away jobs, and as the human toll continues to increase this is just the beginning   Fukoku Mutual Life, a Japanese insurance company with a turnover of $6.8 Billion in 2016, announced...

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The world’s largest hedge fund is using AI to automate its entire management team

The world’s largest hedge fund is using AI to automate its entire management team

WHY THIS MATTERS IN BRIEF The news is filled with news about automation and machines that are taking our jobs, arguably for the first time we can see companies who are automating both the workers at the base of the pyramid, and the executives at the top. In the next...

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Banks are using mind reading technology to interview graduates

Banks are using mind reading technology to interview graduates

WHY THIS MATTERS IN BRIEF Every business is becoming a technology business and nowhere is that truer than in the financial services industry, now as banks try to compete with start ups and established technology companies for tech talent they could find themselves getting into warm water…   Want to...

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Facebook gets an EU E-Money license, parks its bus on the banks lawns

Facebook gets an EU E-Money license, parks its bus on the banks lawns

WHY THIS MATTERS IN BRIEF We live in a world full of unprecedented change and opportunity but many business leaders are guided by a historic view of business and industry evolution not a millennial view, the rules of business have changed, this is the time for re-invention not “just” innovation...

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Sweden wants to become the worlds first cashless society

Sweden wants to become the worlds first cashless society

WHY THIS MATTERS IN BRIEF With the use of cash diminishing around the world Governments are beginning to prepare themselves for a cashless future.   The use of cash in Sweden has dived by 40% since 2009 when the central bank decided to rescind the country’s highest denomination banknote and now, faced...

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The internet pioneer behind Apache pushes blockchain to fuel the next big internet revolution

The internet pioneer behind Apache pushes blockchain to fuel the next big internet revolution

WHY THIS MATTERS IN BRIEF Everyone agrees that blockchain is a disruptive technology, and a technology that could help revolutionise not just one industry but all of them but in order for it to really change the world it first needs to be embedded into the “plumbing” of the internet,...

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Britain’s Royal Mint unveils the most secure coin in the world

Britain’s Royal Mint unveils the most secure coin in the world

WHY THIS MATTERS IN BRIEF The Royal Mint calls its new £1 coin a “pioneering” design and says that it will be much harder to counterfeit.   Having a currency that is hard to counterfeit is not only a matter of national security but it also helps to build confidence...

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Futurist keynote, London: The Future of Blockchain, Marketforce Blockchain Summit

Futurist keynote, London: The Future of Blockchain, Marketforce Blockchain Summit

WHY THIS MATTERS IN BRIEF Blockchain is turning into a force of nature that’s changing the world and as the hype around the technology reaches fever pitch everyone wants in.   It’s always a great privilege to be invited to take part in Marketforce’s wonderful events and the Blockchain Summit...

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Dubai announces plans to put the entire Emirate onto the blockchain

Dubai announces plans to put the entire Emirate onto the blockchain

WHY THIS MATTERS IN BRIEF Dubai wants to become less dependent on oil and the emirate is rapidly becoming one of the most progressive nations in the world.   Earlier this week, at an event hosted by the Dubai Future Foundation and the Smart Dubai Office, the Crown Prince of Dubai announced...

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Accenture debuts editable blockchain prototype

Accenture debuts editable blockchain prototype

WHY THIS MATTERS IN BRIEF One of Blockchains key attributes is that it serves as an Immutable Record, now Accenture wants to change that.   Accenture is courting controversy among the blockchain community by patenting a technique that will allow it to edit information held on the blockchain in an attempt...

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The future of jobs in a Machine World

The future of jobs in a Machine World

WHY THIS MATTERS IN BRIEF We are all aware that technology is capable of replacing particular categories of jobs, but often those jobs “belong to someone else” and the impact on our own jobs is minimal. Today though new classes of emerging technologies, from artificial intelligence to machine vision are...

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